Hooker Furnishings - HOFT Stock Forecast, Price & News

Hooker Furnishings' stock was trading at $18.70 at the beginning of 2023. Since then, HOFT stock has increased by 13.0% and is now trading at $21.13.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 12th 2023.
View our HOFT earnings forecast.

Hooker Furnishings Co. (NASDAQ:HOFT) announced its quarterly earnings data on Thursday, December, 8th. The company reported $0.42 earnings per share (EPS) for the quarter. The company earned $151.58 million during the quarter. Hooker Furnishings had a net margin of 1.64% and a trailing twelve-month return on equity of 3.66%.

Hooker Furnishings announced a quarterly dividend on Tuesday, December 6th. Shareholders of record on Friday, December 16th will be given a dividend of $0.22 per share on Friday, December 30th. This represents a $0.88 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend is Thursday, December 15th. This is a boost from the stock's previous quarterly dividend of $0.20.
Read our dividend analysis for HOFT.

Hooker Furnishings (NASDAQ:HOFT) pays an annual dividend of $0.88 per share and currently has a dividend yield of 4.16%. 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 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 108.64%. 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 a variety of institutional and retail investors. Top institutional shareholders include Pzena Investment Management LLC (14.06%), Paradigm Capital Management Inc. NY (0.62%), Smith Salley & Associates (0.36%), Legato Capital Management LLC (0.26%), Bank of Montreal Can (0.24%) and Mutual Advisors LLC (0.10%). Insiders that own company stock include Anne J Smith, Henry G Williamson Jr, Maria C Duey, 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 $21.13.

Hooker Furnishings (NASDAQ:HOFT) has a market capitalization of $239.40 million and generates $593.61 million in revenue each year. The company earns $11.72 million in net income (profit) each year or $0.81 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.