Last $15.05 USD
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As of 8:10 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

hooker furniture corp (HOFT) Key Developments

Hooker Furniture Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended August 3, 2014; Provides Capital Expenditure Guidance for the Remainder of 2014

Hooker Furniture Corp. reported unaudited consolidated earnings results for the second quarter and six months ended August 3, 2014. For the quarter, the company reported net sales of $54,883,000 against $55,301,000 a year ago. Operating income was $3,414,000 against $2,640,000 a year ago. Income before income taxes was $3,466,000 against $2,618,000 a year ago. Net income was $2,272,000 against $1,688,000 a year ago. Basic and diluted earnings per share were $0.21 against $0.16 a year ago. Net income increased nearly 35% due primarily to lower discounting and lower selling and administrative costs. Net sales decreased slightly due to lower unit volume in both segments but were partially offset with higher selling prices in upholstery segment. For the six months, the company reported net sales of $116,279,000 against $111,596,000 a year ago. Operating income was $7,657,000 against $5,874,000 a year ago. Income before income taxes was $7,755,000 against $5,820,000 a year ago. Net income was $5,076,000 against $3,814,000 a year ago. Basic and diluted earnings per share were $0.47 against $0.35 a year ago. Net cash provided by operating activities was $17,796,000 against $6,648,000 a year ago. Purchases of property, plant and equipment was $1,999,000 against $1,726,000 a year ago. For remainder of 2014, the company expects to spend between $1 million and $2 million on capital expenditures, primarily on ERP implementation and on projects to improve manufacturing capacity and efficiency.

Hooker Furniture Corp., Q2 2015 Earnings Call, Sep 10, 2014

Hooker Furniture Corp., Q2 2015 Earnings Call, Sep 10, 2014

Hooker Furniture Declares Quarterly Cash Dividend, Payable on September 30, 2014

Hooker Furniture announced that on September 2, 2014, its board of directors declared a quarterly cash dividend of $0.10 per share, payable on September 30, 2014, to shareholders of record at September 15, 2014.

Hooker Furniture Corp.(NasdaqGS:HOFT) dropped from Russell 2000 Index

Hooker Furniture Corp. will be removed from the Russell 2000 Index.

Hooker Furniture Corp.(NasdaqGS:HOFT) dropped from Russell 3000 Index

Hooker Furniture Corp. will be removed from the Russell 3000 Index.

 

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HOFT Competitors

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Company Last Change
Bassett Furniture Industries Inc $18.99 USD -0.015
Flexsteel Industries Inc $29.97 USD -0.78
Nova Lifestyle Inc $3.95 USD -0.04
Stanley Furniture Co Inc $2.85 USD -0.06
Virco Manufacturing Corp $2.49 USD +0.03
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Price/Earnings 17.7x
Price/Sales 0.7x
Price/Book 1.2x
Price/Cash Flow 17.6x
TEV/Sales 0.5x
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