Stock Rating Downgrade
In the last week the Value Trend Rating for Hooker Furnishings Corporation (NASDAQ: HOFT) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 3/18/24, Hooker Furnishings Corporation (NASDAQ: HOFT) stock declined by -3.1%, closing at $23.01. Moreover, trading volume in this decline was unusually high at 170% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but is unchanged 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). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Hooker Furnishings has a neutral Appreciation Score of 45 but a good Power Rating of 79, producing the High Neutral Value Trend Rating.
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