Hooker Furnishings Corporation (NASDAQ: HOFT) has reported E.P.S. of $-0.19 for its second fiscal quarter (ending July 31) versus $0.07 for the same period a year ago — a decline of -371%. For the latest four quarters through July 31, E.P.S. were $0.15 compared to $-0.98 a year ago.
Recent Price Action
On 9/5/24, Hooker Furnishings Corporation (NASDAQ: HOFT) stock enjoyed a large increase of 2.3%, closing at $15.88. However, trading volume in this advance was exceptionally low at 47% of normal. The stock has risen 0.6% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, HOFT is expected to continue to be a modest Value Builder.
Hooker Furnishings has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Hooker Furnishings has a slightly positive Appreciation Score of 64 but a very low Power Rating of 4, and the Negative Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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