Hooker Furnishings - HOFT Stock Forecast, Price & News

Hooker Furnishings Corporation designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. The company's 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. Its 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; and ready-to-assemble furniture under the HMidea brand. The company's Domestic Upholstery segment offers motion and stationary leather furniture under the Bradington-Young brand; occasional chairs, settees, sofas, and sectional seating under the Sam Moore Furniture 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. It also 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. The company sells home furnishing products through retailers, including independent furniture stores, department stores, mass merchants, national chains, catalog merchants, interior designers, e-commerce retailers, and warehouse clubs primarily in North America. Hooker Furnishings Corporation was incorporated in 1924 and is headquartered in Martinsville, Virginia.

Analysts Set New Price Targets

Separately, StockNews.com raised Hooker Furnishings from a "sell" rating to a "hold" rating in a report on Friday, August 12th.

Hooker Furnishings Price Performance

NASDAQ:HOFT traded down $0.17 during trading hours on Friday, reaching $16.56. The company had a trading volume of 641 shares, compared to its average volume of 86,219. Hooker Furnishings has a 1-year low of $14.92 and a 1-year high of $34.05. The firm has a market cap of $198.72 million, a PE ratio of 37.18 and a beta of 0.89. The business's 50 day moving average price is $16.20 and its 200-day moving average price is $17.98.

Hooker Furnishings (NASDAQ:HOFT - Get Rating) last announced its earnings results on Thursday, June 9th. The company reported $0.26 earnings per share for the quarter. The business had revenue of $147.31 million during the quarter. Hooker Furnishings had a return on equity of 2.06% and a net margin of 0.94%.

Hooker Furnishings Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Friday, June 17th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.83%. The ex-dividend date of this dividend was Thursday, June 16th. Hooker Furnishings's payout ratio is 177.78%.

Insider Transactions at Hooker Furnishings

In other Hooker Furnishings news, Director Henry G. Williamson, Jr. bought 4,225 shares of Hooker Furnishings stock in a transaction dated Friday, July 1st. The stock was acquired at an average cost of $15.70 per share, with a total value of $66,332.50. Following the purchase, the director now directly owns 60,014 shares in the company, valued at approximately $942,219.80. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.60% of the company's stock.