Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $25.50 USD
Change Today -0.42 / -1.62%
Volume 15.4K
HOFT On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 2:06 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

hooker furniture corp (HOFT) Snapshot

Open
$25.76
Previous Close
$25.92
Day High
$25.99
Day Low
$25.50
52 Week High
05/18/15 - $27.30
52 Week Low
06/3/14 - $13.66
Market Cap
275.7M
Average Volume 10 Days
64.4K
EPS TTM
$-0.89
Shares Outstanding
10.8M
EX-Date
03/18/15
P/E TM
--
Dividend
$0.40
Dividend Yield
1.56%
Current Stock Chart for HOOKER FURNITURE CORP (HOFT)

hooker furniture corp (HOFT) Related Businessweek News

No Related Businessweek News Found

hooker furniture corp (HOFT) Details

Hooker Furniture Corporation operates as a home furnishings marketing, design, and logistics company primarily in North America. It designs, imports, manufactures, and markets residential household furniture products. 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 three segments: Casegoods Furniture, Upholstered Furniture, and All Other. 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 and Hooker Upholstery brand names; and upscale occasional chairs, settees, sofas, and other seating products under the Sam Moore brand. The All Other segment supplies upholstered seating and casegoods to upscale senior living facilities; and customer-assembled, modular upholstered, and casegoods products, as well as home accessories, living room tables, and multi-seat upholstery designed for younger and mobile furniture customers under the H Contract and Homeware brands. 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 through a network of retailers and independent sales representatives. The company was founded in 1924 and is headquartered in Martinsville, Virginia.

674 Employees
Last Reported Date: 04/17/15
Founded in 1924

hooker furniture corp (HOFT) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $370.0K
President
Total Annual Compensation: $300.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $214.5K
Senior Vice President of Administration
Total Annual Compensation: $175.0K
Compensation as of Fiscal Year 2015.

hooker furniture corp (HOFT) Key Developments

Hooker Furniture Corp. Announces Consolidated Earnings Results for the Fourth Quarter and Year Ended February 1, 2015

Hooker Furniture Corp. announced consolidated earnings results for the fourth quarter and year ended February 1, 2015. For the quarter, the company's net sales were $64.9 million compared with $57.6 million a year ago. Operating income was $6.5 million compared with $3.5 million a year ago. Income before income taxes was $6.7 million compared with $3.5 million a year ago. Net income was $4.3 million or $0.40 per diluted share compared with $1.99 million or $0.19 per diluted share a year ago. This was due to higher net sales in all segments, decreased discounting in the case goods segment and lower upholstery manufacturing costs. For the year, the company's net sales were $244.4 million compared with $228.3 million a year ago. Operating income was $19.0 million compared with $12.5 million a year ago, over the prior year primarily due to a case goods segment operating profitability improvement of $5.1 million and upholstery segment operating profitability increase of nearly one million dollars. Income before income taxes was $19.4 million compared with $12.5 million a year ago. Net income was $12.6 million or $1.16 per diluted share compared with $7.9 million or $0.74 per diluted share a year ago. The increase in net income was driven by operating profitability improvements in all segments. Net cash provided by operating activities was $22.8 million compared with $5.7 million a year ago. Purchases of property, plant and equipment was $2.99 million compared with $3.5 million a year ago.

Hooker Furniture Seeks Acquisitions

Hooker Furniture Corp. (NasdaqGS:HOFT) is seeking acquisitions. Paul Toms, Hooker's Chairman and Chief Executive Officer, said, "We are always looking at acquisitions. We feel like we've got not only the excess cash but the borrowing capacity to make a meaningful acquisition. Absent being able to find an acquisition that fits us strategically, we have a share repurchase plan in place. And we always have the option of increasing the dividend which up until today has been a little bit over 2%, but our preference - and I think most of our investors' preference -- is to make a smart acquisition that would help grow the Company beyond the organic growth and the strategic initiatives that we've been able to enjoy."

Hooker Furniture Corp., Q4 2015 Earnings Call, Apr 07, 2015

Hooker Furniture Corp., Q4 2015 Earnings Call, Apr 07, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
HOFT:US $25.50 USD -0.42

HOFT Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Bassett Furniture Industries Inc $28.38 USD +0.06
Flexsteel Industries Inc $36.15 USD -0.05
Nova Lifestyle Inc $3.36 USD -0.0201
Stanley Furniture Co Inc $2.98 USD 0.00
Virco Manufacturing Corp $2.58 USD +0.04
View Industry Companies
 

Industry Analysis

HOFT

Industry Average

Valuation HOFT Industry Range
Price/Earnings 22.4x
Price/Sales 1.1x
Price/Book 2.0x
Price/Cash Flow 22.4x
TEV/Sales 1.0x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact HOOKER FURNITURE CORP, please visit www.hookerfurniture.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.