NASDAQ:HOFT

Hooker Furnishings - HOFT Stock Forecast, Price & News

$13.94

-0.08 (-0.57%)

(As of 10/5/2022 12:00 AM ET)

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Today's Range: $13.62
▼
$14.09
50-Day Range: $13.49
▼
$16.79
52-Week Range: $13.27
▼
$27.39

Volume: 55,309 shs
Average Volume: 96,394 shs
Market Capitalization: $162.96 million

P/E Ratio: 48.07
Dividend Yield: 5.71%
Price Target: N/A

Hooker Furnishings MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
3.04% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.07
Based on 5 Articles This Week
Insider Trading: Acquiring Shares
$21,150 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.45 out of 5 stars

Consumer Discretionary Sector

106th out of 276 stocks

Household Furniture Industry

4th out of 9 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Hooker Furnishings.

3.0

Short Interest

Percentage of Shares Shorted
3.04% 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 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Hooker Furnishings has recently increased by 43.05%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Leadership
Hooker Furnishings is a leading dividend payer. It pays a dividend yield of 5.71%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Hooker Furnishings has been increasing its dividend for 6 years.
Dividend Coverage
The dividend payout ratio of Hooker Furnishings is 275.86%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for HOFT.

3.4

News and Social Media Coverage

News Sentiment
Hooker Furnishings has a news sentiment score of 1.07. 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 0.62 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Hooker Furnishings this week, compared to 1 article on an average week.
MarketBeat Follows
1 people have added Hooker Furnishings to their MarketBeat watchlist in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Hooker Furnishings insiders have bought more of their company's stock than they have sold. Specifically, they have bought $21,150.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.60% of the stock of Hooker Furnishings is held by insiders.
Percentage Held by Institutions
76.51% of the stock of Hooker Furnishings is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Hooker Furnishings is 48.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.03.
Price to Earnings Ratio vs. Sector
The P/E ratio of Hooker Furnishings is 48.07, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 10.46.
Price to Book Value per Share Ratio
Hooker Furnishings has a P/B Ratio of 0.64. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Hooker Furnishings (NASDAQ:HOFT) Stock

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.

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HOFT Stock News Headlines

October 5, 2022 | americanbankingnews.com

Anne J. Smith Acquires 1,000 Shares of Hooker Furnishings Co. (NASDAQ:HOFT) Stock

September 29, 2022 | usatoday.com

Hendon Hooker leads way as No. 12 Tennessee exorcises demons vs. No. 22 Florida | Opinion

October 6, 2022 | Legacy Research (Ad)

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September 23, 2022 | seekingalpha.com

Hooker Furnishings Saved By Domestic Upholstery Contribution

September 15, 2022 | msn.com

6HOFT : Hooker Furniture Earnings Perspective: Return On Capital...

September 12, 2022 | nasdaq.com

With 81% ownership of the shares, Hooker Furnishings Corporation (NASDAQ:HOFT) is heavily dominated by institutional owners

September 8, 2022 | seekingalpha.com

Hooker Furnishings Corporation (HOFT) Q2 2023 Earnings Call Transcript

September 8, 2022 | seekingalpha.com

Hooker Furniture stock falls to over 2-year low despite largely in-line results

October 6, 2022 | Legacy Research (Ad)

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September 8, 2022 | markets.businessinsider.com

Here's what Wall Street expects from Hooker Furniture's earnings

September 8, 2022 | finance.yahoo.com

Hooker Furnishings Reports Positive Momentum in Fiscal 2023 Second Quarter

August 25, 2022 | money.usnews.com

Hooker Furnishings Corporation

August 25, 2022 | money.usnews.com

Hooker Furnishings Corporation

August 25, 2022 | finance.yahoo.com

Hooker Furnishings to Host Second Quarter Earnings Call September 8th

August 13, 2022 | marketwatch.com

Hooker Furniture Down 52.0% Since SmarTrend Downtrend Call (HOFT)

August 1, 2022 | nasdaq.com

Is It Too Late To Consider Buying Hooker Furnishings Corporation (NASDAQ:HOFT)?

July 22, 2022 | finance.yahoo.com

What Kind Of Shareholders Own Hooker Furnishings Corporation (NASDAQ:HOFT)?

July 6, 2022 | nasdaq.com

Wednesday 7/6 Insider Buying Report: HOFT, SOR

June 29, 2022 | finance.yahoo.com

A number of insiders bought Hooker Furnishings Corporation (NASDAQ:HOFT) stock last year, which is great news for shareholders

June 28, 2022 | msn.com

Hooker Furniture Earnings Perspective: Return On Capital Employed

June 10, 2022 | markets.businessinsider.com

Hooker Furnishings Corp. Q1 Profit Falls

June 9, 2022 | finance.yahoo.com

Hooker Furnishings Reports First Quarter Fiscal 2023 Results

June 9, 2022 | seekingalpha.com

Hooker Furniture GAAP EPS of $0.26 misses by $0.02, revenue of $147.31M beats by $1.96M

June 8, 2022 | msn.com

Hooker Furniture's Earnings: A Preview

June 6, 2022 | finance.yahoo.com

What Does Hooker Furnishings Corporation's (NASDAQ:HOFT) Share Price Indicate?

May 26, 2022 | finance.yahoo.com

Hooker Furnishings to Host First Quarter Earnings Call June 9th

May 20, 2022 | seekingalpha.com

HOFT Hooker Furnishings Corporation

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HOFT Company Calendar

Last Earnings: 9/08/2022
Ex-Dividend for 9/30 Dividend: 9/16/2022
Dividend Payable: 9/30/2022
Today: 10/05/2022
Next Earnings (Estimated): 12/08/2022
Fiscal Year End: 1/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Household furniture
Sub-Industry: Home Furnishings
Sector: Consumer Discretionary
Current Symbol: NASDAQ:HOFT
CUSIP: 43903810
CIK: 1077688
Web: www.hookerfurniture.com
Phone: (276) 632-2133
Fax: 276-632-0026
Employees: 1,294
Year Founded: 1924

Profitability

EPS (Most Recent Fiscal Year): $0.29
Trailing P/E Ratio: 48.07
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $11.72 million
Net Margins: 0.62%
Pretax Margin: 0.80%
Return on Equity: 1.34%
Return on Assets: 0.92%

Debt

Debt-to-Equity Ratio: 0.09
Current Ratio: 3.68
Quick Ratio: 1.65

Sales & Book Value

Annual Sales: $593.61 million
Price / Sales: 0.27
Cash Flow: $1.63 per share
Price / Cash Flow: 8.56
Book Value: $21.90 per share
Price / Book: 0.64

Miscellaneous

Outstanding Shares: 11,690,000
Free Float: 11,502,000
Market Cap: $162.96 million
Optionable: Optionable
Beta: 0.89

Social Links

Key Executives

Mr. Jeremy R. Hoff (Age 49)
CEO & Director
Comp: $460.67k

Mr. Paul A. Huckfeldt (Age 64)
CFO and Sr. VP of Fin. & Accounting
Comp: $306.39k

Mr. Tod R. Phelps (Age 53)
Sr. VP of Operations & Chief Information Officer
Comp: $335.82k

Ms. Anne M. Jacobsen Smith (Age 60)
Chief Admin. Officer & Pres of Domestic Upholstery
Comp: $306.39k

Mr. Johne Albanese
Chief Marketing Officer

Mr. Michael H. Harris (Age 57)
Pres of Hooker Casegoods & Upholstery

Mr. C. Earl Armstrong III
Corp. Controller & Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

HOFT Stock - Frequently Asked Questions

How have HOFT shares performed in 2022?: Hooker Furnishings' stock was trading at $23.28 on January 1st, 2022. Since then, HOFT shares have decreased by 40.1% and is now trading at $13.94.
View the best growth stocks for 2022 here.
When is Hooker Furnishings' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, December 8th 2022.
View our HOFT earnings forecast.
How were Hooker Furnishings' earnings last quarter?: Hooker Furnishings Co. (NASDAQ:HOFT) announced its quarterly earnings results on Thursday, September, 8th. The company reported $0.46 EPS for the quarter. The firm had revenue of $152.91 million for the quarter. Hooker Furnishings had a trailing twelve-month return on equity of 1.34% and a net margin of 0.62%.
How often does Hooker Furnishings pay dividends? What is the dividend yield for Hooker Furnishings?: Hooker Furnishings declared a quarterly dividend on Wednesday, September 7th. Investors 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 dividend yield of 5.74%. The ex-dividend date of this dividend is Friday, September 16th.
Read our dividend analysis for HOFT.
Is Hooker Furnishings a good dividend stock?: Hooker Furnishings (NASDAQ:HOFT) pays an annual dividend of $0.80 per share and currently has a dividend yield of 5.71%. 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.
What is Paul B. Toms Jr.'s approval rating as Hooker Furnishings' CEO?: 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.

What other stocks do shareholders of Hooker Furnishings own?: 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).
What is Hooker Furnishings' stock symbol?: Hooker Furnishings trades on the NASDAQ under the ticker symbol "HOFT."
How do I buy shares of Hooker Furnishings?: 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.
Compare Top Brokerages Here.
What is Hooker Furnishings' stock price today?: One share of HOFT stock can currently be purchased for approximately $13.94.
How much money does Hooker Furnishings make?: Hooker Furnishings (NASDAQ:HOFT) has a market capitalization of $162.94 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.
How many employees does Hooker Furnishings have?: The company employs 1,294 workers across the globe.
Does Hooker Furnishings have any subsidiaries?: The following companies are subsidiares of Hooker Furnishings: Bradington-Young, Home Meridian International, Sam Moore Furniture, and Shenandoah Furniture.
Read More
How can I contact Hooker Furnishings?: 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.

This page (NASDAQ:HOFT) was last updated on 10/6/2022 by MarketBeat.com Staff

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Hooker Furnishings - HOFT Stock Forecast, Price & News

Hooker Furnishings MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month