Hooker Furniture (HOFT) Issues Earnings Results

Hooker Furniture (NASDAQ:HOFT) posted its earnings results on Tuesday. The company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.19, Fidelity Earnings reports. The business had revenue of $200.48 million for the quarter. Hooker Furniture had a net margin of 5.16% and a return on equity of 14.96%.

NASDAQ HOFT opened at $27.51 on Wednesday. The company has a current ratio of 3.46, a quick ratio of 1.93 and a debt-to-equity ratio of 0.13. The stock has a market cap of $350.84 million, a price-to-earnings ratio of 9.79 and a beta of 0.56. Hooker Furniture has a one year low of $24.85 and a one year high of $49.85.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend was Friday, March 15th.

An institutional investor recently raised its position in Hooker Furniture stock. Geode Capital Management LLC raised its holdings in shares of Hooker Furniture Co. (NASDAQ:HOFT) by 8.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 131,102 shares of the company’s stock after purchasing an additional 10,433 shares during the period. Geode Capital Management LLC owned 1.11% of Hooker Furniture worth $3,453,000 at the end of the most recent reporting period. 86.15% of the stock is owned by institutional investors.

Separately, BidaskClub raised shares of Hooker Furniture from a “sell” rating to a “hold” rating in a research report on Monday, April 1st.

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Hooker Furniture Company Profile

Hooker Furniture Corporation, together with its subsidiaries, designs, manufactures, imports, and markets residential household furniture products in the United States. It operates through Hooker Branded, Home Meridian, and All Other segments. The Hooker Branded segment offers a range of design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand name; and imported upholstered furniture.

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Earnings History for Hooker Furniture (NASDAQ:HOFT)

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