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Hooker Furniture ( (HOFT) ) has issued an update.
On December 1, 2025, Hooker Furnishings Corporation announced an agreement to sell its Pulaski Furniture and Samuel Lawrence Furniture brands to Magnussen Home Furnishings, Inc. for an estimated $4.8 million, subject to adjustments. This move is part of Hooker’s strategy to streamline its portfolio and focus on more profitable brands. The sale will also relieve Hooker of $4.8 million in showroom lease liabilities as Magnussen takes over the lease of the High Point showroom. The transaction is expected to close by mid-December 2025, with Hooker retaining the Samuel Lawrence Hospitality brand for its hospitality business. This strategic decision is aimed at enhancing shareholder value and improving profitability.
The most recent analyst rating on (HOFT) stock is a Hold with a $11.00 price target. To see the full list of analyst forecasts on Hooker Furniture stock, see the HOFT Stock Forecast page.
Spark’s Take on HOFT Stock
According to Spark, TipRanks’ AI Analyst, HOFT is a Neutral.
Hooker Furniture’s overall stock score reflects significant financial challenges, with declining revenue and negative cash flow being major concerns. Technical analysis shows positive momentum, but overbought conditions suggest caution. Valuation is mixed with a high dividend yield but negative earnings. The earnings call highlights cost-saving efforts and strategic initiatives, but ongoing challenges in key segments and macroeconomic pressures weigh heavily on the outlook.
To see Spark’s full report on HOFT stock, click here.
More about Hooker Furniture
Hooker Furnishings Corporation is a designer, marketer, and importer of casegoods, leather furniture, fabric-upholstered furniture, lighting, accessories, and home décor for residential, hospitality, and contract markets. The company also manufactures premium residential custom leather and fabric-upholstered furniture and outdoor furniture domestically. Major product categories include home entertainment, home office, accent, dining, and bedroom furniture, sold under the Hooker Furniture brand. Hooker Furnishings operates distribution centers in Virginia, North Carolina, and Vietnam, with corporate offices and manufacturing facilities in Virginia, North Carolina, and California.
Average Trading Volume: 41,513
Technical Sentiment Signal: Hold
Current Market Cap: $118.4M
Find detailed analytics on HOFT stock on TipRanks’ Stock Analysis page.