Separately, Zacks Investment Research upgraded Stanley Furniture from a strong sell rating to a hold rating in a report on Tuesday, June 21st.
Stanley Furniture (NASDAQ:STLY) opened at 1.74 on Monday. Stanley Furniture has a 52-week low of $1.66 and a 52-week high of $3.65. The company’s market capitalization is $25.63 million. The company has a 50 day moving average of $2.02 and a 200 day moving average of $2.50.
Stanley Furniture (NASDAQ:STLY) last posted its quarterly earnings data on Monday, July 25th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.09. Stanley Furniture had a negative net margin of 2.91% and a negative return on equity of 3.01%. The business had revenue of $12.05 million for the quarter. During the same period in the prior year, the firm posted $0.09 EPS. The firm’s revenue for the quarter was down 20.4% compared to the same quarter last year. On average, equities research analysts forecast that Stanley Furniture will post ($0.26) earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the company. Weber Alan W boosted its stake in shares of Stanley Furniture by 0.9% in the second quarter. Weber Alan W now owns 55,500 shares of the company’s stock valued at $136,000 after buying an additional 500 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Stanley Furniture by 55.0% in the first quarter. Renaissance Technologies LLC now owns 137,200 shares of the company’s stock valued at $364,000 after buying an additional 48,700 shares in the last quarter. Bridgeway Capital Management Inc. boosted its stake in shares of Stanley Furniture by 4.4% in the second quarter. Bridgeway Capital Management Inc. now owns 176,883 shares of the company’s stock valued at $433,000 after buying an additional 7,500 shares in the last quarter. Finally, Ancora Advisors LLC boosted its stake in shares of Stanley Furniture by 13.1% in the second quarter. Ancora Advisors LLC now owns 387,361 shares of the company’s stock valued at $949,000 after buying an additional 45,000 shares in the last quarter. Institutional investors and hedge funds own 33.35% of the company’s stock.
Stanley Furniture Company Profile
Stanley Furniture Company, Inc is a design, marketing and sourcing resource in the wood residential furniture market. The Company’s segment is sale of residential wood furniture products. The Company markets its brands through a network of brick-and-mortar furniture retailers, online retailers and interior designers around the world.
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