Hooker Furnishings - HOFT Stock Forecast, Price & News

Hooker Furnishings' stock was trading at $23.28 at the start of the year. Since then, HOFT stock has decreased by 39.0% and is now trading at $14.21.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 8th 2022.
View our HOFT earnings forecast.

Hooker Furnishings Co. (NASDAQ:HOFT) announced its earnings results on Thursday, September, 8th. The company reported $0.46 earnings per share for the quarter. The business earned $152.91 million during the quarter. Hooker Furnishings had a trailing twelve-month return on equity of 1.34% and a net margin of 0.62%.

Hooker Furnishings declared a quarterly dividend on Wednesday, September 7th. Shareholders of record on Monday, September 19th will be paid a dividend of $0.20 per share on Friday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 5.63%. The ex-dividend date of this dividend is Friday, September 16th.
Read our dividend analysis for HOFT.

Hooker Furnishings (NASDAQ:HOFT) pays an annual dividend of $0.80 per share and currently has a dividend yield of 5.63%. HOFT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 275.86%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for HOFT.

12 employees have rated Hooker Furnishings Chief Executive Officer Paul B. Toms Jr. on Glassdoor.com. Paul B. Toms Jr. has an approval rating of 93% among the company's employees. This puts Paul B. Toms Jr. in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 56.0% of employees surveyed would recommend working at Hooker Furnishings to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Hooker Furnishings investors own include Alibaba Group (BABA), Boeing (BA), Caterpillar (CAT), AbbVie (ABBV), The Goldman Sachs Group (GS), Honda Motor (HMC), AT&T (T), Exxon Mobil (XOM), Home Depot (HD) and International Business Machines (IBM).

Hooker Furnishings trades on the NASDAQ under the ticker symbol "HOFT."

Hooker Furnishings' stock is owned by many different retail and institutional investors. Top institutional shareholders include Pzena Investment Management LLC (12.40%), Donald Smith & CO. Inc. (9.72%), Towle & Co (5.38%), Azarias Capital Management L.P. (3.01%), Goldman Sachs Group Inc. (1.92%) and Renaissance Technologies LLC (1.56%). Insiders that own company stock include Anne J Smith, Donald Lee Boone, Henry G Williamson Jr, Paul A Huckfeldt, Paul B Toms Jr, Tonya Harris Jackson and W Christopher Beeler Jr.
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Shares of HOFT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HOFT stock can currently be purchased for approximately $14.21.

Hooker Furnishings (NASDAQ:HOFT) has a market capitalization of $166.10 million and generates $593.61 million in revenue each year. The company earns $11.72 million in net income (profit) each year or $0.29 on an earnings per share basis.

The company employs 1,294 workers across the globe.

Hooker Furnishings' mailing address is 440 East Commonwealth Boulevard, Martinsville VA, 24112. The official website for the company is www.hookerfurniture.com. The company can be reached via phone at (276) 632-2133, via email at investor@hookerfurniture.com, or via fax at 276-632-0026.