For its third fiscal quarter (ending October 31), Hooker Furnishings Corporation (NASDAQ: HOFT) has reported a -159% decline in E.P.S. from $0.66 a year ago to $-0.39 in the current quarter. E.P.S. were $-0.91 for the latest four quarters through October 31 versus $-0.75 for the same period a year ago.
Recent Price Action
Hooker Furnishings Corporation (NASDAQ: HOFT) stock suffered a large decline of -6.6% on 12/5/24. The stock closed at $16.73. Moreover, trading volume in this decline was exceptionally high at 211% of normal. Relative to the market the stock has been weak over the last nine months and has declined -7.9% during the last week.
Current PriceTarget Research Rating
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 60 but a very low Power Rating of 14, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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