Extremely important negative changes in Hooker Furnishings Corporation (NASDAQ: HOFT) fundamentals have recently occurred: 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.
Hooker Furnishings Corporation (NASDAQ: HOFT). Significant negative changes in investment behavior have recently occurred: the stock fell on very heavy volume.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Hooker Furnishings has a slightly positive Appreciation Score of 69 but a very low Power Rating of 6, with the Negative Value Trend Rating the result.
Recent Price Action
Hooker Furnishings Corporation (NASDAQ: HOFT) stock declined modestly by -1.8% on 7/5/24. The stock closed at $13.28. Moreover, exceptionally high trading volume at 260% of normal accompanied the decline. The stock has been extremely weak relative to the market over the last nine months and has declined -6.1% during the last week.
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