Profile
Sector:
Consumer CyclicalIndustry:
Furnishings, Fixtures & AppliancesCountry:
United StatesIPO:
27 June 2002Website:
http://www.hookerfurniture.comNext earnings report:
06 December 2024Last dividends:
13 September 2024Next dividends:
N/APrice
after hours | Thu, 21 Nov 2024 21:02:12 GMTAnalysts recommendations
Institutional Ownership
HOFT Latest News
MARTINSVILLE, Va., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (Nasdaq-GS: HOFT) will present its fiscal 2025 third quarter financial results via teleconference and live internet web cast on Thursday morning, December 5, 2024 at 9:00 AM Eastern Time.
Hooker Furnishings is set to gain from its collaboration with Margaritaville. This strategic move opens new doors for it in the international market.
Hooker Furnishings faces declining sales, operational inefficiencies, and liquidity issues, leading to a downgrade to a 'Sell' rating despite recent cost-cutting measures. The company's stock has underperformed significantly, with a -10% total return since the 'Hold' rating, compared to S&P 500's 24% gain. Elevated debt, declining orders, and a high payout ratio raise concerns about the sustainability of Hooker's dividend and overall financial health.
Dallas, Texas--(Newsfile Corp. - September 6, 2024) - Hooker Furniture Corporation (NASDAQ: HOFT): Stonegate Capital Partners updates their coverage on Hooker Furniture Corporation (NASDAQ: HOFT) To view the full announcement, including downloadable images, bios, and more, click here. Key Takeaways: Margins remain above 20% Strong dividend yield of 6.0% Backlog increased ~8.4% YTD Click image above to view full announcement.
HOFT's second-quarter fiscal 2025 results reflect softness in home furnishings demand and increased expenses.
MARTINSVILLE, Va., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (NASDAQ-GS: HOFT) (the “Company” or “HFC”), a global leader in the design, production, and marketing of home furnishings for 100 years, today reported its fiscal 2025 second quarter operating results for the period beginning April 29 and ending July 28, 2024.
MARTINSVILLE, Va., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (Nasdaq-GS: HOFT) announced that on September 3, 2024, its board of directors declared a quarterly cash dividend of $0.23 per share, payable on September 30, 2024, to shareholders of record on September 13, 2024.
HOFT's second-quarter fiscal 2025 results are likely to reflect softness in home furnishings demand trends, along with hiked costs and expenses.
MARTINSVILLE, Va., Aug. 23, 2024 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (Nasdaq-GS: HOFT) will present its fiscal 2025 second quarter financial results via teleconference and live internet web cast on Thursday morning, September 5, 2024 at 9:00 AM Eastern Time.
It's tough in the furniture industry in 2024.
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What type of business is Hooker Furnishings?
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.
What sector is Hooker Furnishings in?
Hooker Furnishings is in the Consumer Cyclical sector
What industry is Hooker Furnishings in?
Hooker Furnishings is in the Furnishings, Fixtures & Appliances industry
What country is Hooker Furnishings from?
Hooker Furnishings is headquartered in United States
When did Hooker Furnishings go public?
Hooker Furnishings initial public offering (IPO) was on 27 June 2002
What is Hooker Furnishings website?
https://www.hookerfurniture.com
Is Hooker Furnishings in the S&P 500?
No, Hooker Furnishings is not included in the S&P 500 index
Is Hooker Furnishings in the NASDAQ 100?
No, Hooker Furnishings is not included in the NASDAQ 100 index
Is Hooker Furnishings in the Dow Jones?
No, Hooker Furnishings is not included in the Dow Jones index
When was Hooker Furnishings the previous earnings report?
No data
When does Hooker Furnishings earnings report?
The next expected earnings date for Hooker Furnishings is 06 December 2024