Hooker Furnishings Corporation (NASDAQ: HOFT). Extremely significant negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, the stock fell on very heavy volume, and negative upside/downside volume developed.
Recent slight negative changes in fundamentals have affected Hooker Furnishings Corporation (NASDAQ: HOFT): significant quarterly sales deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, HOFT is expected to continue to be a modest Value Builder.
Hooker Furnishings has a current Value Trend Rating of C (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 42 but a good Power Rating of 73, and the Neutral Value Trend Rating results.
Recent Price Action
Hooker Furnishings Corporation (NASDAQ: HOFT) stock suffered a large decline of -5.4% on 4/10/24. The stock closed at $20.60. Moreover, trading volume in this decline was exceptionally high at 204% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -11.3% during the last week.
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