Hooker Furniture Stock Today

HOFT Stock  USD 24.01  0.37  1.57%   

Performance

4 of 100

 
Low
 
High
Insignificant

Odds Of Distress

Less than 12

 
100  
 
Zero
Low
Hooker Furniture is selling for under 24.01 as of the 29th of March 2024; that is 1.57% increase since the beginning of the trading day. The stock's last reported lowest price was 23.82. Hooker Furniture has less than a 12 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. Equity ratings for Hooker Furniture are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2024 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Consumer Durables & Apparel
IPO Date
22nd of July 1999
Category
Consumer Cyclical
Classification
Consumer Discretionary
Hooker Furnishings Corporation designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. Hooker Furnishings Corporation was incorporated in 1924 and is headquartered in Martinsville, Virginia. Hooker Furnishings operates under Furnishings, Fixtures Appliances classification in the United States and is traded on NASDAQ Exchange. The company has 10.67 M outstanding shares of which 176.92 K shares are currently shorted by private and institutional investors with about 5.47 trading days to cover. More on Hooker Furniture

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Hooker Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Hooker Furniture's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Hooker Furniture or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Chairman and CEOPaul Toms
Thematic Ideas
(View all Themes)
Business ConcentrationHousehold Durables, Furnishings, Fixtures & Appliances, Consumer Discretionary, NASDAQ Composite, NASDAQ Composite Total, Sport Products, Furniture, Consumer Goods, Consumer Discretionary, Household Durables, Furnishings, Fixtures & Appliances, Consumer Cyclical (View all Sectors)
Average Analyst Recommendation
Analysts covering Hooker Furniture report their recommendations after researching Hooker Furniture's financial statements, talking to executives and customers, or listening in on Hooker Furniture's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Hooker Furniture. The Hooker consensus assessment is calculated by taking the average forecast from all of the analysts covering Hooker Furniture.
Financial Strength
Based on the measurements of operating efficiency obtained from Hooker Furniture's historical financial statements, Hooker Furniture is not in a good financial situation at this time. It has a very high probability of going through financial hardship in April. Financial strength of Hooker Furniture is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover1.821.5331
Fairly Up
Slightly volatile
Gross Profit Margin0.260.2088
Fairly Up
Slightly volatile
Total Current Liabilities32.4 M57.5 M
Way Down
Slightly volatile
Non Current Liabilities Total115.5 M110 M
Sufficiently Up
Slightly volatile
Total Assets236.2 M439 M
Way Down
Slightly volatile
Total Current Assets150.5 M215.4 M
Way Down
Slightly volatile
Hooker Furniture's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Hooker Furniture's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Hooker Furniture's financial leverage. It provides some insight into what part of Hooker Furniture's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Hooker Furniture's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Hooker Furniture deploys its capital and how much of that capital is borrowed.
Liquidity
Hooker Furniture cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 95.34 M in liabilities with Debt to Equity (D/E) ratio of 0.31, which is about average as compared to similar companies. Hooker Furniture has a current ratio of 3.61, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Hooker Furniture until it has trouble settling it off, either with new capital or with free cash flow. So, Hooker Furniture's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Hooker Furniture sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Hooker to invest in growth at high rates of return. When we think about Hooker Furniture's use of debt, we should always consider it together with cash and equity.

Other Non Cash Items

28.97 Million
Hooker Furniture (HOFT) is traded on NASDAQ Exchange in USA. It is located in 440 East Commonwealth Boulevard, Martinsville, VA, United States, 24112 and employs 1,259 people. Hooker Furniture is listed under Household Durables category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 256.23 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Hooker Furniture's market, we take the total number of its shares issued and multiply it by Hooker Furniture's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Hooker Furniture conducts business under Household Durables sector and is part of Consumer Discretionary industry. The entity has 10.67 M outstanding shares of which 176.92 K shares are currently shorted by private and institutional investors with about 5.47 trading days to cover. Hooker Furniture currently holds about 11.65 M in cash with (21.72 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.0.
Check Hooker Furniture Probability Of Bankruptcy
Ownership Allocation
Hooker Furniture secures a total of 10.67 Million outstanding shares. The majority of Hooker Furniture outstanding shares are owned by outside corporations. These institutional investors are usually referred to as non-private investors looking to purchase positions in Hooker Furniture to benefit from reduced commissions. Consequently, third-party entities are subject to a different set of regulations than regular investors in Hooker Furniture. Please pay attention to any change in the institutional holdings of Hooker Furniture as this could imply that something significant has changed or is about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Hooker Ownership Details

Hooker Stock Price Odds Analysis

Attributed to a normal probability distribution, the odds of Hooker Furniture jumping above the current price in 90 days from now is about 47.09%. The Hooker Furniture probability density function shows the probability of Hooker Furniture stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 2.3011. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Hooker Furniture will likely underperform. Additionally, hooker Furniture has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 24.01HorizonTargetOdds Above 24.01
52.62%90 days
 24.01 
47.09%
Based on a normal probability distribution, the odds of Hooker Furniture to move above the current price in 90 days from now is about 47.09 (This Hooker Furniture probability density function shows the probability of Hooker Stock to fall within a particular range of prices over 90 days) .

Hooker Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Hooker Furniture that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Hooker Furniture's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Hooker Furniture's value.
InstituionRecorded OnShares
American Century Companies Inc2023-12-31
112 K
Arrowstreet Capital Limited Partnership2023-12-31
108.9 K
Goldman Sachs Group Inc2023-12-31
85.9 K
Bank Of New York Mellon Corp2023-12-31
79.5 K
Renaissance Technologies Corp2023-12-31
76 K
Ancora Advisors Llc2023-12-31
70.7 K
Mork Capital Management2023-12-31
60 K
Moors & Cabot Inc2023-12-31
55.2 K
Morgan Stanley - Brokerage Accounts2023-12-31
54.1 K
Pzena Investment Management, Llc2023-12-31
1.4 M
Donald Smith & Co Inc2023-12-31
1.1 M
View Hooker Furniture Diagnostics

Hooker Furniture Historical Income Statement

Hooker Furniture Income Statement is one of the three primary financial statements used for reporting Hooker's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Hooker Furniture revenue and expense. Hooker Furniture Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Selling General Administrative is likely to gain to about 113.3 M in 2024, whereas Depreciation And Amortization is likely to drop slightly above 6.1 M in 2024. View More Fundamentals

Hooker Stock Against Markets

Picking the right benchmark for Hooker Furniture stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Hooker Furniture stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Hooker Furniture is critical whether you are bullish or bearish towards Hooker Furniture at a given time. Please also check how Hooker Furniture's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hooker Furniture without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Hooker Furniture Corporate Directors

Hooker Furniture corporate directors refer to members of a Hooker Furniture board of directors. The board of directors generally takes responsibility for the Hooker Furniture's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Hooker Furniture's board members must vote for the resolution. The Hooker Furniture board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Tonya JacksonDirectorProfile
Edwin RyderIndependent DirectorProfile
Paulette GarafoloDirectorProfile
David SweetIndependent DirectorProfile

How to buy Hooker Stock?

Before investing in Hooker Furniture, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Hooker Furniture. To buy Hooker Furniture stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Hooker Furniture. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Hooker Furniture stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Hooker Furniture stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Hooker Furniture stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Hooker Furniture, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Hooker Stock please use our How to Invest in Hooker Furniture guide.

Already Invested in Hooker Furniture?

The danger of trading Hooker Furniture is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Hooker Furniture is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Hooker Furniture. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Hooker Furniture is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Hooker Furniture is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Hooker Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Hooker Furniture Stock. Highlighted below are key reports to facilitate an investment decision about Hooker Furniture Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hooker Furniture. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
For more information on how to buy Hooker Stock please use our How to Invest in Hooker Furniture guide.
Note that the Hooker Furniture information on this page should be used as a complementary analysis to other Hooker Furniture's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

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When running Hooker Furniture's price analysis, check to measure Hooker Furniture's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hooker Furniture is operating at the current time. Most of Hooker Furniture's value examination focuses on studying past and present price action to predict the probability of Hooker Furniture's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hooker Furniture's price. Additionally, you may evaluate how the addition of Hooker Furniture to your portfolios can decrease your overall portfolio volatility.
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Is Hooker Furniture's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hooker Furniture. If investors know Hooker will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hooker Furniture listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.575
Dividend Share
0.88
Earnings Share
(0.68)
Revenue Per Share
43.103
Quarterly Revenue Growth
(0.23)
The market value of Hooker Furniture is measured differently than its book value, which is the value of Hooker that is recorded on the company's balance sheet. Investors also form their own opinion of Hooker Furniture's value that differs from its market value or its book value, called intrinsic value, which is Hooker Furniture's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hooker Furniture's market value can be influenced by many factors that don't directly affect Hooker Furniture's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hooker Furniture's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hooker Furniture is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hooker Furniture's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.