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NASDAQ:HOFT

Hooker Furnishings (HOFT) Stock Price, News & Analysis

$16.37
+0.16 (+0.99%)
(As of 10/23/2024 ET)

About Hooker Furnishings Stock (NASDAQ:HOFT)

Key Stats

Today's Range
$15.78
$16.44
50-Day Range
$14.31
$18.98
52-Week Range
$13.09
$27.15
Volume
15,324 shs
Average Volume
34,272 shs
Market Capitalization
$174.86 million
P/E Ratio
125.93
Dividend Yield
5.62%
Price Target
N/A
Consensus Rating
N/A

Company Overview

Hooker Furnishings Corporation designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. It operates in three segments: Hooker Branded, Home Meridian, and Domestic Upholstery. The Hooker Branded segment offers design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand; and imported upholstered furniture under the Hooker Upholstery brand. The Home Meridian segment provides home furnishings under the Accentrics Home brand; a range of bedroom, dining room, accent, display cabinet, home office, and youth furnishings under the Pulaski Furniture and Samuel Lawrence Furniture brands; and imported leather motion upholstery under the Prime Resources International brand. This segment also designs and supplies hotel furnishings for four and five-star hotels under the Samuel Lawrence Hospitality brand name. The Domestic Upholstery segment offers motion and stationary leather furniture under the Bradington-Young brand; chairs, sofas, sectionals, recliners, and a variety of accent upholstery pieces under the HF Custom brand; and upholstered furniture, such as private label sectionals, modulars, sofas, chairs, ottomans, benches, beds, and dining chairs for lifestyle specialty retailers under the Shenandoah Furniture brand. This segment also designs and manufactures outdoor furniture under the Sunset West brand. The company supplies upholstered seating and casegoods to upscale senior living and assisted living facilities through designers, design firms, industry dealers, and distributors under the H Contract brand; and interior designer products under the Lifestyle Brands name; and lighting, accessories, and home décor products under the BOBO Intriguing Objects brand. It sells home furnishing products through retailers, such as independent furniture stores, department stores, mass merchants, national chains, catalog merchants, interior designers, and e-commerce retailers primarily in North America. Hooker Furnishings Corporation was incorporated in 1924 and is headquartered in Martinsville, Virginia.

Hooker Furnishings Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
58th Percentile Overall Score

HOFT MarketRank™: 

Hooker Furnishings scored higher than 58% of companies evaluated by MarketBeat, and ranked 168th out of 288 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Earnings Growth

    Earnings for Hooker Furnishings are expected to grow in the coming year, from ($0.25) to $1.50 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Hooker Furnishings is 125.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.29.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Hooker Furnishings is 125.93, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 17.16.

  • Price to Book Value per Share Ratio

    Hooker Furnishings has a P/B Ratio of 0.77. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Hooker Furnishings' valuation and earnings.
  • Percentage of Shares Shorted

    1.65% of the float of Hooker Furnishings has been sold short.
  • Short Interest Ratio / Days to Cover

    Hooker Furnishings has a short interest ratio ("days to cover") of 5.9.
  • Change versus previous month

    Short interest in Hooker Furnishings has recently increased by 3.53%, indicating that investor sentiment is decreasing.
  • Dividend Leadership

    Hooker Furnishings is a leading dividend payer. It pays a dividend yield of 5.72%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Hooker Furnishings has been increasing its dividend for 8 years.

  • Dividend Coverage

    The dividend payout ratio of Hooker Furnishings is 235.90%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Hooker Furnishings will have a dividend payout ratio of 61.33% next year. This indicates that Hooker Furnishings will be able to sustain or increase its dividend.

  • Read more about Hooker Furnishings' dividend.
  • Percentage of Shares Shorted

    1.65% of the float of Hooker Furnishings has been sold short.
  • Short Interest Ratio / Days to Cover

    Hooker Furnishings has a short interest ratio ("days to cover") of 5.9.
  • Change versus previous month

    Short interest in Hooker Furnishings has recently increased by 3.53%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Hooker Furnishings has a news sentiment score of 0.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.40 average news sentiment score of Consumer Discretionary companies.
  • Search Interest

    Only 2 people have searched for HOFT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    1 people have added Hooker Furnishings to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Hooker Furnishings insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 1.70% of the stock of Hooker Furnishings is held by insiders.

  • Percentage Held by Institutions

    73.63% of the stock of Hooker Furnishings is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Hooker Furnishings' insider trading history.
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HOFT Stock Analysis - Frequently Asked Questions

Hooker Furnishings' stock was trading at $26.08 at the start of the year. Since then, HOFT stock has decreased by 37.2% and is now trading at $16.37.
View the best growth stocks for 2024 here
.

Hooker Furnishings Co. (NASDAQ:HOFT) released its quarterly earnings results on Thursday, September, 5th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.13) by $0.06. The business had revenue of $95.08 million for the quarter, compared to analysts' expectations of $93.54 million. Hooker Furnishings had a net margin of 0.40% and a trailing twelve-month return on equity of 0.72%.

The following companies are subsidiaries of Hooker Furnishings: Shenandoah Furniture, Home Meridian International, Sam Moore Furniture, and Bradington-Young.

Hooker Furnishings' top institutional shareholders include Inspire Advisors LLC (0.19%), Marquette Asset Management LLC (0.18%) and Copeland Capital Management LLC (0.02%). Insiders that own company stock include Henry G Williamson Jr, W Christopher Beeler Jr, Tonya Harris Jackson, Paul A Huckfeldt, Anne J Smith and Maria C Duey.
View institutional ownership trends
.

Shares of HOFT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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Based on aggregate information from My MarketBeat watchlists, some other companies that Hooker Furnishings investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Netflix (NFLX), Exxon Mobil (XOM), Tesla (TSLA) and Broadcom (AVGO).

Company Calendar

Last Earnings
9/05/2024
Ex-Dividend for 9/30 Dividend
9/13/2024
Dividend Payable
9/30/2024
Today
10/23/2024
Next Earnings (Estimated)
12/05/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Household furniture
Sub-Industry
Home Furnishings
Current Symbol
NASDAQ:HOFT
CUSIP
43903810
Employees
1,203
Year Founded
1924

Profitability

Net Income
$9.86 million
Pretax Margin
0.71%

Debt

Sales & Book Value

Annual Sales
$402.26 million
Cash Flow
$1.77 per share
Book Value
$21.17 per share

Miscellaneous

Free Float
10,532,000
Market Cap
$174.86 million
Optionable
Optionable
Beta
1.18

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This page (NASDAQ:HOFT) was last updated on 10/24/2024 by MarketBeat.com Staff
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