Hooker Furnishings Corporation (NASDAQ: HOFT) has reported E.P.S. of $0.66 for its third fiscal quarter (ending October 31) versus $0.42 for the same period a year ago — an increase of 57%. For the latest four quarters through October 31, E.P.S. were $-0.75 compared to $0.83 a year ago — a decline of -190%.
Recent Price Action
Hooker Furnishings Corporation (NASDAQ: HOFT) stock enjoyed a major increase of 10.4% on 12/7/23. The shares closed at $22.18. Moreover, this advance was accompanied by exceptionally high trading volume at 256% of normal. The stock has been strong relative to the market over the last nine months and has risen 27.3% during the last week.
Current PriceTarget Research Rating
HOFT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Hooker Furnishings has a current Value Trend Rating of C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Hooker Furnishings has a neutral Appreciation Score of 54 and a slightly positive Power Rating of 63, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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