Hooker Furnishings Corporation (NASDAQ: HOFT). Meaningful negative changes in fundamentals have recently occurred: significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, and the consensus estimate for January, 2024 decreased significantly.
Significant negative changes in investment behavior have recently occurred for Hooker Furnishings Corporation (NASDAQ: HOFT): the stock’s recent price decline challenged its longer term uptrend.
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
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 61 but a very low Power Rating of 15, leading to the Negative Value Trend Rating.
Recent Price Action
Hooker Furnishings Corporation (NASDAQ: HOFT) stock closed at $17.62 on 11/19/24 after a modest decline of -1.2%. However, unusually low trading volume at 54% of normal accompanied the decline. The stock has declined -5.9% during the last week and has been weak relative to the market over the last nine months.
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