Hooker Furniture Stock Target Price and Analyst Consensus

HOFT Stock  USD 19.11  0.44  2.36%   
The current analyst and expert consensus on Hooker Furniture is Strong Sell, with no strong buy opinions. The current projected Hooker Furniture target price consensus is 26.00 with 0 analyst opinions. Check out Macroaxis Advice on Hooker Furniture to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
For more information on how to buy Hooker Stock please use our How to Invest in Hooker Furniture guide.
The most common way Hooker Furniture analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Hooker Furniture executives and customers to further validate their buy or sell advice. Please note, the number of analysts providing the opinion is not sufficient to provide adequate consensus on Hooker Furniture. We encourage you to use your own analysis of Hooker Furniture to validate this buy or sell advice. Hooker Furniture buy-or-sell recommendation module provides average expert sentiment on the projected Hooker Furniture target price to derive its highest and lowest estimates based on projected price volatility of 2.9811.
Lowest Forecast
23.66
Highest Forecast
28.86
Target Price
26
Operating Profit Margin is likely to gain to 0.06 in 2024, whereas Gross Profit is likely to drop slightly above 90.5 M in 2024. At this time, Hooker Furniture's Other Stockholder Equity is comparatively stable compared to the past year. Property Plant Equipment is likely to gain to about 24.9 M in 2024, whereas Other Current Liabilities is likely to drop slightly above 9.5 M in 2024.
  
It's important to approach Hooker Furniture's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Hooker Furniture price targets

Hooker Furniture's stock target price is an estimate of its future price, usually made by analysts. Using Hooker Furniture's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Hooker Furniture's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Hooker Furniture's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Hooker Furniture Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Hooker Furniture is a key component of Hooker Furniture valuation and have some predictive power on the future returns of a Hooker Furniture.
Hype
Prediction
LowEstimatedHigh
15.5318.5121.49
Details
Intrinsic
Valuation
LowRealHigh
16.8021.9124.89
Details
Naive
Forecast
LowNextHigh
14.5817.5620.54
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.020.310.53
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hooker Furniture. Your research has to be compared to or analyzed against Hooker Furniture's peers to derive any actionable benefits. When done correctly, Hooker Furniture's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Hooker Furniture.

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Additional Tools for Hooker Stock Analysis

When running Hooker Furniture's price analysis, check to measure Hooker Furniture's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hooker Furniture is operating at the current time. Most of Hooker Furniture's value examination focuses on studying past and present price action to predict the probability of Hooker Furniture's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hooker Furniture's price. Additionally, you may evaluate how the addition of Hooker Furniture to your portfolios can decrease your overall portfolio volatility.