Last $14.98 USD
Change Today +0.035 / 0.23%
Volume 25.6K
As of 3:01 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

hooker furniture corp (HOFT) Snapshot

Open
$14.88
Previous Close
$14.94
Day High
$15.02
Day Low
$14.64
52 Week High
12/19/13 - $17.81
52 Week Low
09/6/13 - $13.35
Market Cap
161.0M
Average Volume 10 Days
32.1K
EPS TTM
$0.81
Shares Outstanding
10.8M
EX-Date
06/12/14
P/E TM
18.5x
Dividend
$0.40
Dividend Yield
2.68%
Current Stock Chart for HOOKER FURNITURE CORP (HOFT)

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hooker furniture corp (HOFT) Details

Hooker Furniture Corporation, a home furnishings marketing, design, and logistics company, together with its subsidiaries, designs, imports, manufactures, and markets residential household furniture products principally in North America. The company offers furniture in various materials, such as wood, metal, leather, and fabric, as well as veneer and other natural woven products. It operates in two segments, Casegoods Furniture and Upholstered Furniture. The Casegoods Furniture segment offers accents, home office, dining, bedroom, and home entertainment furniture under the Hooker Furniture brand, as well as private label products under retailers' brands. The Upholstered Furniture segment provides residential leather and fabric upholstered furniture comprising leather reclining and motion chairs, sofas, club chairs, and executive desk chairs under the Bradington-Young, Hooker Upholstery, and Seven Seas by Bradington-Young brand names; and upscale occasional chairs, settees, sofas, and other seating products under the Sam Moore brand. The company also supplies upholstered seating and casegoods to upscale senior living facilities; and customer-assembled, modular upholstered, and casegoods products, as well as home accessories designed for younger and mobile furniture customers through the Internet. The company serves retailers of residential home furnishings, as well as independent furniture stores, specialty retailers, department stores, catalog and internet merchants, interior designers, and national and regional chains. Hooker Furniture Corporation sells its products directly, as well as through independent sales representatives. The company was founded in 1924 and is headquartered in Martinsville, Virginia.

hooker furniture corp (HOFT) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $370.1K
President
Total Annual Compensation: $265.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $203.1K
Consultant
Total Annual Compensation: $333.0K
Compensation as of Fiscal Year 2014.

hooker furniture corp (HOFT) Key Developments

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.

Hooker Furniture Reports Unaudited Consolidated Earnings Results for the First Quarter Ended May 4, 2014; Declares Quarterly Cash Dividend, Payable on June 30, 2014; Provides Financial Guidance for Fiscal 2015

Hooker Furniture reported unaudited consolidated earnings results for the first quarter ended May 4, 2014. The company reported net sales of $61.4 million and net income of $2.8 million, or $0.26 per diluted share, for its fiscal 2015 first quarter which began on February 3, 2014 and ended May 4, 2014. Net income increased 31.9% compared to $2.1 million, or $0.20 per diluted share, during last year's first quarter, driven primarily by higher sales in the casegoods segment. Net sales for the first quarter increased $5.1 million, or 9.1%, compared to $56.3 million for the same period a year ago, primarily due to increased casegoods unit volume against essentially flat consolidated average selling prices. Operating income was $4.243 million, compared to $3.234 million for the last year. Income before income taxes was $4.289 million, compared to $3.202 million for the last year. Net cash provided by operating activities was $10.001 million, compared to $3.993 million for the last year. Purchase of property and equipment was $1.008 million, compared to $0.880 million for the last year. At its June 5, 2014 meeting, the company's board of directors declared a quarterly cash dividend of $0.10 per share, payable on June 30, 2014 to shareholders of record at June 16, 2014. The company expects to be profitable or will be approaching profitability late 2015, and H Contract should be operating and contributing to profitability. By the end of the year, they should be in the breakeven neighborhood with $1 million of profitability in 2015.

 

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