Recent exceptional negative changes in fundamentals have affected Hooker Furnishings Corporation (NASDAQ: HOFT): significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, the consensus estimate for January, 2025 decreased significantly, and the consensus estimate for January, 2024 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to 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 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). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Hooker Furnishings has a slightly positive Appreciation Score of 62 but a very low Power Rating of 2, producing the Negative Value Trend Rating.
Recent Price Action
On 9/13/24, Hooker Furnishings Corporation (NASDAQ: HOFT) stock enjoyed a large increase of 4.0%, closing at $16.32. However, this advance was accompanied by below average trading volume at 73% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 2.8% during the last week.
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