TheStreet Downgrades Stanley Furniture Co. (STLY) to Sell
Stanley Furniture Co. (NASDAQ:STLY) was downgraded by equities research analysts at TheStreet from a “hold” rating to a “sell” rating in a research report issued on Monday.
Separately, Zacks Investment Research upgraded Stanley Furniture from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 27th.
Shares of Stanley Furniture (NASDAQ:STLY) traded down 3.87% during mid-day trading on Monday, hitting $1.74. 30,627 shares of the stock were exchanged. The stock’s 50 day moving average is $2.07 and its 200 day moving average is $2.50. The firm’s market cap is $25.63 million. Stanley Furniture has a 12 month low of $1.66 and a 12 month high of $3.65.
Stanley Furniture (NASDAQ:STLY) last issued its quarterly earnings results on Monday, July 25th. The company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.09. Stanley Furniture had a negative return on equity of 3.01% and a negative net margin of 2.91%. The company had revenue of $12.05 million for the quarter. During the same quarter last year, the business posted $0.09 EPS. Stanley Furniture’s revenue for the quarter was down 20.4% compared to the same quarter last year. Analysts expect that Stanley Furniture will post ($0.26) EPS for the current fiscal year.
A number of large investors have recently modified their holdings of the company. Bridgeway Capital Management Inc. increased 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 during the period. Weber Alan W increased its position in Stanley Furniture by 0.9% in the second quarter. Weber Alan W now owns 55,500 shares of the company’s stock worth $136,000 after buying an additional 500 shares during the last quarter. Ancora Advisors LLC increased its position in Stanley Furniture by 13.1% in the second quarter. Ancora Advisors LLC now owns 387,361 shares of the company’s stock worth $949,000 after buying an additional 45,000 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Stanley Furniture by 55.0% in the first quarter. Renaissance Technologies LLC now owns 137,200 shares of the company’s stock worth $364,000 after buying an additional 48,700 shares during the last quarter. Institutional investors 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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