Hooker Furnishings Corporation (NASDAQ: HOFT) stock suffered a major decline of -12.3% on 4/12/24. The shares closed at $18.40. Moreover, exceptionally high trading volume at 481% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -22.1% during the last week.
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 (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Hooker Furnishings has a neutral Appreciation Score of 56 and a slightly positive Power Rating of 69, producing the High Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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