MARKET

HOFT

HOFT

Hooker Furniture
NASDAQ

Real-time Quotes | Nasdaq Last Sale

28.17
-1.29
-4.38%
After Hours: 28.17 0 0.00% 16:00 10/28 EDT
OPEN
28.79
PREV CLOSE
29.46
HIGH
29.21
LOW
28.10
VOLUME
45.26K
TURNOVER
--
52 WEEK HIGH
30.40
52 WEEK LOW
12.30
MARKET CAP
334.94M
P/E (TTM)
-18.2495
1D
5D
1M
3M
1Y
5Y
News
Financial
Releases
Corp Actions
Analysis
Profile
Hooker Furniture’s HMI Division to Open Central Distribution Center in Georgia
HIGH POINT, N.C., Oct. 14, 2020 (GLOBE NEWSWIRE) -- Home Meridian International (HMI), a division of Hooker Furniture Corporation based here, will consolidate its East Coast warehousing operations in a new 800,000-square-foot distribution facility in Liberty County, Georgia strategically located near the Port of Savannah. The state-of-the-art distribution center is expected to be fully operational by Fall of 2021, the company said. The division also maintains a West Coast distribution facility in Redlands, CA which is expected to be unaffected by the East Coast consolidation. HMI maintains locations around the world, with brands under its portfolio including Pulaski Furniture, Samuel Lawrence Furniture, Samuel Lawrence Hospitality, Prime Resources International, Accentrics Home, and HMIdea. The Liberty County facility is strategically located to reach nearly all of the U.S. population within 36 hours, reducing transportation costs, and increasing operating efficiencies. The location’s proximity to the Port of Savannah played a major role in the project, as the company is expected to import more than 8,000 cargo container units a year.“We are pleased by the opportunity to better support our customers through consolidating our HMI inventory in this state-of-the-art, high-bay, 800,000-square-foot facility located near a major port,” said Paul B. Toms Jr., chairman and chief executive officer of Hooker Furniture Corporation. “As robust demand for products serviced out of our warehouses continues to increase, this will better position us to grow.”HMI will leave multiple warehouses in the Madison-Mayodan area of North Carolina, some of them older facilities, to consolidate in the new facility that is also located near major interstate highways. “This will allow us to service our customers better by being in a more efficient, consolidated warehouse,” said Toms. “Demand for products in the portion of our business supported by warehouse inventory, including e-commerce, is robust, and this move puts in place the infrastructure to support future growth.”Toms said the company is grateful to the approximately 60 employees who have staffed HMI’s warehouses in the Madison-Mayodan area for over 15 years, and “our intention is to offer continuing employment opportunities to these employees, either in Georgia or our Martinsville, Va. facilities.”About Hooker Furniture Hooker Furniture Corporation (NASDAQ:HOFT), in its 97th year of business, is a designer, marketer, and importer of casegoods (wooden and metal furniture), leather-and fabric-upholstered furniture for the residential, hospitality, and contract markets. The Company also operates U.S. production of premium residential custom leather and custom fabric-upholstered furniture. It is ranked among the nation’s largest publicly traded furniture sources, based on 2019 shipments to U.S. retailers, according to a 2020 survey by a leading trade publication. About Home Meridian International Furnishing the Future is not just a mantra, but a corporate standard of operation at HMI, a division of Hooker Furniture. HMI is a next-generation global design and marketing company. The proud parent of a family of brands that covers a wide spectrum of home furnishing categories, HMI is uniquely positioned to use economies of scale to create exceptional value for its retail and e-commerce partners. With a commitment to adaptability and continuous improvement, HMI provides the right product at the right time and the right price.For more information, contact: Paul B. Toms Jr. Chairman and Chief Executive Officer Phone: (276) 632-2133, or Paul A. Huckfeldt, Senior Vice President, Finance & Accounting & Chief Financial Officer Phone: (276) 666-3949
GlobeNewswire · 10/14 13:06
Bassett: Sept. Orders +39% YoY, Reinstates $0.50 Dividend (3.3% Yield) On Strong Furniture Demand
Bassett reinstated its dividend to a $0.50 annual payout, very much in line with our expectations.Company reports very strong September wholesale order growth of 39% YoY.Bassett is trading much below 5-year highs making it a value buy with greater upside [unlike many of its peer group which are near or crossed this mark].Homebuilder stocks surging to all-time highs, providing huge catalyst and positive read-through for furniture companies.Bassett will see stronger demand in the coming months as pending housing sales reach peak highs, August sales +24% YoY.
Seekingalpha · 10/12 17:10
Sidoti: Virtual Investor Conference
* Presentation Times and Weblinks Released for Over 150 Presenting Companies * Day 1: Wednesday, September 23, 2020 * ALL INSTITUTIONAL AND RETAIL INVESTORS ARE WELCOMENEW YORK, NY / ACCESSWIRE / September 22, 2020 / Sidoti & Company, LLC has released the presentation schedule, with weblink click-throughs
ACCESSWIRE · 09/22 21:46
Hooker Furniture goes ex-dividend tomorrow
Hooker Furniture (HOFT) had declared $0.16/share quarterly dividend, in line with previous.Payable Sept. 30; for shareholders of record Sept. 18; ex-div Sept. 17.See HOFT Dividend Scorecard, Yield Chart, & Dividend Growth.
Seekingalpha · 09/16 15:44
Dividend Investors: Don't Be Too Quick To Buy Hooker Furniture Corporation (NASDAQ:HOFT) For Its Upcoming Dividend
It looks like Hooker Furniture Corporation (NASDAQ:HOFT) is about to go ex-dividend in the next 4 days. This means...
Simply Wall St. · 09/12 13:30
Hooker Furniture: Record Housing Leads To 37% Gain In EPS In The Second Quarter
Q2, ended July, +37% YoY, and beats Wall Street consensus by +41%.Maintain price target of $44.00, suggesting total return of 66%.Record Existing Home sales and Housing Starts in July create huge demand for residential furniture for this company with an odd name!Stock trading at 7.0x P/E and we expect strong earnings surprise and growth in 2H2020 and 2021.Hooker has solid 25% Net Cash and 1H FCF generation of $4.42 per share leading to potential for 4.3% Dividend Yield on current payout ratio next year in 2021.
Seekingalpha · 09/03 15:06
Orders Rebound, Earnings Increase During Hooker Furnitures Second Quarter
MARTINSVILLE, Va., Sept. 03, 2020 (GLOBE NEWSWIRE) -- Hooker Furniture Corporation (NASDAQ-GS: HOFT) today reported consolidated net sales of $130.5 million and net income of $5.8 million, or $0.48 per diluted share, for its fiscal 2021 second quarter ended August 2, 2020. Net sales decreased by 14.3%
GlobeNewswire · 09/03 11:00
Hooker Furniture EPS beats by $0.14, misses on revenue
Hooker Furniture (HOFT): FQ2 GAAP EPS of $0.48 beats by $0.14.Revenue of $130.54M (-14.3% Y/Y) misses by $22.63M.Press Release
Seekingalpha · 09/03 10:37
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Forecast
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Learn about the latest financial forecast of HOFT. Analyze the recent business situations of Hooker Furniture through EPS, BVPS, FPS, and other data. This information may help you make smarter investment decisions.
Analyst Rating

Based on 1 analysts

Strong Buy

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

Analyst Price Target
The average HOFT stock price target is 34.00 with a high estimate of 34.00 and a low estimate of 34.00.
EPS
Institutional Holdings
Institutions: 142
Institutional Holdings: 10.95M
% Owned: 92.09%
Shares Outstanding: 11.89M
TypeInstitutionsShares
Increased
31
360.13K
New
20
-292.18K
Decreased
26
313.51K
Sold Out
0
0
  • Performance
  • Asset Allocation
  • Dividend History
No Data
Industry
Home Furnishings
-3.15%
Household Goods
-2.31%
Key Executives
Chairman/Chief Executive Officer/Director
Paul Toms
Chief Financial Officer/Senior Vice President - Finance/Senior Vice President/IR Contact Officer
Paul Huckfeldt
Corporate Executive
Lee Boone
Corporate Executive
D. Lee Boone
Corporate Executive
Jeremy Hoff
Corporate Executive
Douglas Townsend
Chief Administrative Officer
Anne Jacobsen
Chief Administrative Officer
Anne Smith
Lead Director/Independent Director
Henry Williamson
Independent Director
W. Christopher Beeler
Independent Director
Paulette Garafolo
Independent Director
Tonya Jackson
Independent Director
Edwin Ryder
Independent Director
Ellen Taaffe
  • Dividends
  • Splits
  • Insider Activity
Declaration Date
Dividend Per Share
Ex-Div Date
09/04/2020
Dividend USD 0.16
09/17/2020
06/02/2020
Dividend USD 0.16
06/15/2020
03/02/2020
Dividend USD 0.16
03/16/2020
12/05/2019
Dividend USD 0.16
12/13/2019
09/04/2019
Dividend USD 0.15
09/13/2019
06/05/2019
Dividend USD 0.15
06/14/2019
03/04/2019
Dividend USD 0.15
03/15/2019
12/06/2018
Dividend USD 0.15
12/14/2018
08/30/2018
Dividend USD 0.14
09/13/2018
06/04/2018
Dividend USD 0.14
06/14/2018
03/05/2018
Dividend USD 0.14
03/16/2018
12/07/2017
Dividend USD 0.14
12/15/2017
08/29/2017
Dividend USD 0.12
09/14/2017
06/06/2017
Dividend USD 0.12
06/14/2017
03/01/2017
Dividend USD 0.12
03/15/2017
11/28/2016
Dividend USD 0.12
12/13/2016
09/01/2016
Dividend USD 0.1
09/14/2016
06/06/2016
Dividend USD 0.1
06/14/2016
03/02/2016
Dividend USD 0.1
03/11/2016
12/02/2015
Dividend USD 0.1
12/11/2015
09/03/2015
Dividend USD 0.1
09/11/2015
06/04/2015
Dividend USD 0.1
06/11/2015
03/10/2015
Dividend USD 0.1
03/18/2015
12/01/2014
Dividend USD 0.1
12/11/2014
09/02/2014
Dividend USD 0.1
09/11/2014
06/05/2014
Dividend USD 0.1
06/12/2014
03/04/2014
Dividend USD 0.1
03/13/2014
11/26/2013
Dividend USD 0.1
12/10/2013
09/04/2013
Dividend USD 0.1
09/11/2013
06/03/2013
Dividend USD 0.1
06/12/2013
03/19/2013
Dividend USD 0.1
03/26/2013
12/04/2012
Dividend USD 0.1
12/13/2012
09/05/2012
Dividend USD 0.1
11/14/2012
06/04/2012
Dividend USD 0.1
08/15/2012
04/10/2012
Dividend USD 0.1
05/09/2012
12/06/2011
Dividend USD 0.1
02/08/2012
09/06/2011
Dividend USD 0.1
11/08/2011
06/07/2011
Dividend USD 0.1
08/10/2011
04/12/2011
Dividend USD 0.1
05/11/2011
12/07/2010
Dividend USD 0.1
02/09/2011
09/08/2010
Dividend USD 0.1
11/09/2010
06/08/2010
Dividend USD 0.1
08/13/2010
04/13/2010
Dividend USD 0.1
05/12/2010
12/08/2009
Dividend USD 0.1
02/10/2010
09/09/2009
Dividend USD 0.1
11/10/2009
06/09/2009
Dividend USD 0.1
08/12/2009
04/14/2009
Dividend USD 0.1
05/13/2009
12/09/2008
Dividend USD 0.1
02/11/2009
09/09/2008
Dividend USD 0.1
11/13/2008
06/10/2008
Dividend USD 0.1
08/13/2008
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About HOFT
Hooker Furniture Corporation is a home furnishings marketing, design and logistics company offering sourcing of residential casegoods and upholstery, as well as domestically-produced leather and fabric-upholstered furniture. The Company operates through three segments: casegoods furniture, upholstered furniture and all other. The Company's casegoods product categories include accents, home office, dining, bedroom and home entertainment furniture under the Hooker Furniture brand. Its residential upholstered seating companies include Bradington-Young, which is engaged in upscale motion and stationary leather furniture, and Sam Moore Furniture, which is engaged in upscale occasional chairs, settees, sofas and sectional seating with a focus on cover-to-frame customization. It also markets a line of imported leather upholstery under the Hooker Upholstery trade name. All other segment operates under the H Contract and Homeware brands.
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