Last $15.20 USD
Change Today -0.19 / -1.23%
Volume 9.6K
HOFT On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 09/12/14 All times are local (Market data is delayed by at least 15 minutes).

hooker furniture corp (HOFT) Snapshot

Open
$15.19
Previous Close
$15.39
Day High
$15.29
Day Low
$15.14
52 Week High
12/19/13 - $17.81
52 Week Low
05/15/14 - $13.60
Market Cap
163.6M
Average Volume 10 Days
20.1K
EPS TTM
$0.86
Shares Outstanding
10.8M
EX-Date
09/11/14
P/E TM
17.7x
Dividend
$0.40
Dividend Yield
2.63%
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.

670 Employees
Last Reported Date: 04/18/14
Founded in 1924

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. 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.

 

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HOFT Competitors

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Company Last Change
Bassett Furniture Industries Inc $14.52 USD -0.24
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Stanley Furniture Co Inc $2.84 USD +0.04
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Industry Analysis

HOFT

Industry Average

Valuation HOFT Industry Range
Price/Earnings 17.9x
Price/Sales 0.7x
Price/Book 1.2x
Price/Cash Flow 17.8x
TEV/Sales 0.5x
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