Sidoti Increases Earnings Estimates for Hooker Furnishings

Hooker Furnishings Corp. (NASDAQ:HOFT) – Sidoti raised their Q1 2028 earnings per share estimates for Hooker Furnishings in a note issued to investors on Friday, June 12th. Sidoti analyst A. Lebiedzinski now anticipates that the company will post earnings per share of $0.21 for the quarter, up from their prior estimate of $0.17. The consensus estimate for Hooker Furnishings’ current full-year earnings is $0.67 per share. Sidoti also issued estimates for Hooker Furnishings’ Q2 2028 earnings at $0.18 EPS and FY2028 earnings at $1.39 EPS.

Hooker Furnishings (NASDAQ:HOFT) last announced its quarterly earnings data on Thursday, June 11th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.17. Hooker Furnishings had a positive return on equity of 1.59% and a negative net margin of 7.90%.The firm had revenue of $69.45 million for the quarter, compared to analysts’ expectations of $66.31 million.

A number of other research firms have also weighed in on HOFT. Wall Street Zen upgraded shares of Hooker Furnishings from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings cut shares of Hooker Furnishings from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 18th. Finally, Zacks Research raised shares of Hooker Furnishings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Hooker Furnishings Price Performance

Shares of NASDAQ:HOFT opened at $15.35 on Monday. The stock’s 50-day moving average price is $13.08 and its 200-day moving average price is $12.71. Hooker Furnishings has a 12-month low of $8.61 and a 12-month high of $16.41. The stock has a market capitalization of $165.47 million, a P/E ratio of -7.14, a price-to-earnings-growth ratio of 1.64 and a beta of 1.20. The company has a current ratio of 3.37, a quick ratio of 1.60 and a debt-to-equity ratio of 0.02.

Hedge Funds Weigh In On Hooker Furnishings

Several large investors have recently made changes to their positions in HOFT. Empowered Funds LLC lifted its holdings in shares of Hooker Furnishings by 7.2% during the first quarter. Empowered Funds LLC now owns 55,319 shares of the company’s stock valued at $555,000 after purchasing an additional 3,696 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Hooker Furnishings during the first quarter valued at approximately $146,000. Strs Ohio purchased a new position in shares of Hooker Furnishings during the first quarter valued at approximately $124,000. Marshall Wace LLP purchased a new position in shares of Hooker Furnishings during the second quarter valued at approximately $495,000. Finally, Jump Financial LLC purchased a new position in shares of Hooker Furnishings during the second quarter valued at approximately $202,000. 73.60% of the stock is currently owned by hedge funds and other institutional investors.

Hooker Furnishings Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 19th will be issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Thursday, June 18th. Hooker Furnishings’s dividend payout ratio (DPR) is presently -21.40%.

Trending Headlines about Hooker Furnishings

Here are the key news stories impacting Hooker Furnishings this week:

• Positive Sentiment: Hooker Furnishings reported fiscal Q1 EPS of $0.10, beating the expected loss and improving from a prior-year loss, while revenue also came in above estimates. Hooker Furnishings Reports Profitability Despite Challenging Market Conditions
• Positive Sentiment: Management highlighted growing momentum for the Margaritaville brand, including a plan for 100 in-store galleries and 10 freestanding stores, which could support future shipments and revenue growth in fiscal 2027. Hooker Furnishings signals 100 Margaritaville in-store galleries and 10 freestanding stores as shipments build in H2 fiscal 2027
• Positive Sentiment: Analysts and market commentary noted margin improvement, cost controls, and a return to profit as signs that the company is navigating a tough environment better than expected. Hooker Furnishings’ Stellar Progress In A Rough Environment Warrants An Upgrade
• Neutral Sentiment: Shareholders re-elected the board at the annual meeting, reinforcing governance continuity but offering limited direct impact on near-term operating results. Hooker Furnishings Shareholders Reelect Board, Back Governance
• Negative Sentiment: Despite the upbeat quarter, management still described demand as cautious and challenged by a soft industry backdrop, suggesting the recovery may not be smooth. HOFT Q1 Earnings Call Flags Cautious Demand, Margaritaville Lift

About Hooker Furnishings

Hooker Furnishings, formerly known as Hooker Furniture Corporation, is a designer, marketer and distributor of high-quality home furnishings. Headquartered in Martinsville, Virginia, the company offers a broad range of wood and upholstered furniture products across bedroom, dining, home office and accent categories. Its portfolio includes solid wood and engineered wood case goods, upholstered seating, accent tables and decorative accessories, reflecting styles that range from traditional to contemporary.

The company’s operations are organized into three reportable segments: Domestic Wholesale, Retail and Logistics, and International.