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Hooker Furniture Corp. (HOFT)
NASDAQ:HOFT
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Hooker Furniture
(NASDAQ:HOFT)
48Neutral
Hooker Furniture (HOFT) vs. S&P 500 (SPY)
Market Cap
$90.93M
Dividend Yield10.24%
Average Volume (3M)81.41K
Price to Earnings (P/E)―
Beta (1Y)1.07
Revenue Growth-8.26%
EPS Growth-233.72%
CountryUS
Employees1,034
SectorConsumer Cyclical
Sector Strength63
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)-0.39
Shares Outstanding10,710,432
10 Day Avg. Volume97,808
30 Day Avg. Volume81,409
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.32
Price to Cash Flow (P/CF)N/A
P/FCF Ratio97.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Hooker Furniture Business Overview & Revenue Model
Company DescriptionHooker Furniture Corporation (HOFT) is a leading manufacturer and importer of residential furniture primarily targeting the upper-medium to high-end segments of the market. The company offers a wide range of home furnishings, including bedroom, dining room, living room, home office, and accent furniture. With a rich history dating back to 1924, Hooker Furniture is known for its high-quality craftsmanship and innovative design, providing stylish and functional furniture solutions to its customers.
How the Company Makes MoneyHooker Furniture Corporation generates revenue through the sale of its various furniture products. The company's revenue streams primarily include wholesale distribution to retailers and direct-to-consumer sales through its retail outlets and e-commerce platforms. Hooker Furniture collaborates with a network of independent furniture retailers, department stores, and specialty retailers to reach its target consumers. Additionally, the company may engage in strategic partnerships and licensing agreements to enhance its product offerings and brand presence. The combination of domestic manufacturing and global sourcing allows Hooker Furniture to efficiently manage costs and maintain competitive pricing, contributing to its overall profitability.
Hooker Furniture Financial Statement Overview
Summary
Hooker Furniture is facing financial challenges with declining revenues and profitability. Despite a manageable debt level, asset reduction and equity decline are concerns. Cash flow volatility highlights operational inefficiencies that need addressing to stabilize the company's financial health. Signs of potential improvement exist, but strategic changes are necessary for robust recovery.Income Statement
Hooker Furniture has faced declining revenues over the past years, with a revenue drop from $610.8M in 2020 to $433.2M in 2024. The gross profit margin has also decreased, indicating pressure on profitability. The latest annual report shows a negative net income, reflecting financial challenges. However, there was a turnaround in 2024 with positive EBIT and EBITDA, suggesting potential operational improvements.45
Neutral
Balance Sheet
The balance sheet shows a moderate debt-to-equity ratio with total debt decreasing over time, which indicates reduced leverage. However, stockholders' equity has also been declining, which is a concern. The equity ratio remains healthy, suggesting a stable capital structure, but the decrease in total assets over time indicates a shrinking asset base.60
Neutral
Cash Flow
Cash flow from operations has been volatile, with significant negative cash flows in 2025, reflecting operational challenges. Free cash flow has also turned negative, impacting the company's ability to invest and grow. However, past years showed positive free cash flow, indicating potential for recovery if operational efficiency improves.50
Neutral
| Breakdown | ||||
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 397.46M | 433.23M | 583.10M | 593.61M | 540.08M | Gross Profit |
| 88.65M | 108.69M | 93.29M | 101.70M | 112.75M | EBIT |
| -18.09M | 12.36M | -5.62M | 14.84M | 30.29M | EBITDA |
| -5.92M | 22.97M | 3.20M | 23.03M | -7.25M | Net Income Common Stockholders |
| -12.51M | 9.87M | -4.31M | 11.72M | -10.43M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 6.29M | 43.16M | 19.00M | 69.37M | 65.84M | Total Assets |
| 313.94M | 343.59M | 381.72M | 374.56M | 352.27M | Total Debt |
| 48.58M | 76.25M | 95.34M | 54.04M | 36.09M | Net Debt |
| 42.28M | 33.09M | 76.34M | -15.33M | -29.75M | Total Liabilities |
| 109.56M | 117.61M | 145.69M | 113.43M | 94.77M | Stockholders Equity |
| 204.38M | 225.97M | 236.02M | 261.13M | 257.50M |
| Cash Flow | Free Cash Flow | |||
| -23.02M | 48.66M | -25.92M | 12.52M | 67.05M | Operating Cash Flow |
| -23.02M | 55.47M | -21.72M | 19.21M | 68.26M | Investing Cash Flow |
| -2.70M | -8.56M | -29.96M | -6.86M | -476.00K | Financing Cash Flow |
| -11.15M | -22.76M | 1.32M | -8.82M | -37.98M |
Hooker Furniture Technical Analysis
Negative
8.85
Price Trends
10.87
Negative
12.50
Negative
14.09
Negative
Market Momentum
-0.61
Negative
41.28
Neutral
67.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HOFT, the sentiment is Negative. The current price of 8.85 is below the 20-day moving average (MA) of 8.96, below the 50-day MA of 10.87, and below the 200-day MA of 14.09, indicating a bearish trend. The MACD of -0.61 indicates Negative momentum. The RSI at 41.28 is Neutral, neither overbought nor oversold. The STOCH value of 67.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HOFT.
Hooker Furniture Risk Analysis
Hooker Furniture disclosed 18 risk factors in its most recent earnings report. Hooker Furniture reported the most risks in the “Production” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Hooker Furniture Peers Comparison
Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $722.72M | 11.95 | 12.86% | 5.49% | -11.10% | -23.77% | |
72 Outperform | $1.61B | 13.35 | 12.40% | 2.16% | 1.81% | 8.09% | |
60 Neutral | $6.86B | 11.61 | 3.16% | 4.15% | 2.41% | -21.45% | |
56 Neutral | $154.67M | ― | -3.83% | 4.39% | -11.78% | -13.89% | |
52 Neutral | $1.11B | 38.64 | 2.28% | 4.56% | -2.68% | -56.16% | |
48 Neutral | $90.93M | ― | -5.89% | 10.24% | -8.26% | -233.72% | |
44 Neutral | $158.85M | ― | 9.10% | ― | -10.87% | -33.24% |
* Consumer Cyclical Sector Average
Performance Comparison
HOFT
Hooker Furniture
8.85
-7.40
-45.54%
BSET
Bassett Furniture
17.77
4.43
33.21%
ETD
Ethan Allen
28.42
1.40
5.18%
MLKN
MillerKnoll, Inc.
16.44
-8.99
-35.35%
LZB
La-Z-Boy Incorporated
38.95
6.21
18.97%
SNBR
Sleep Number
7.01
-6.62
-48.57%
Hooker Furniture Earnings Call Summary
Earnings Call Date: Apr 17, 2025 | % Change Since: 16.91% | Next Earnings Date: Jun 5, 2025
Earnings Call Sentiment Neutral
The earnings call reflects a challenging fiscal year for Hooker Furnishings, with an overall decline in sales and significant operating and net losses. However, there are positive signs in the fourth quarter with increased sales, particularly in the Home Meridian and Hooker Branded segments, as well as market share gains. The company is also focusing on cost savings initiatives to improve future performance. Despite these positive developments, the overall sentiment is balanced by the significant challenges faced over the fiscal year.Highlights
Sales Increase in Fourth Quarter
Consolidated net sales for the fourth quarter increased by $7.7 million, an approximate 8% gain over the previous year's fourth quarter.
Home Meridian Segment Growth
Fourth quarter net sales increased $6.3 million or 21.7% year-over-year, driven by strong hospitality sales. Gross profit rose to $8.1 million with gross margin reaching nearly 23%, the highest since 2016.
Hooker Branded Segment Improvement
Fourth quarter net sales rose $3.8 million or 10% from the prior quarter driven by a 14% increase in unit volume. Fourth quarter orders rose 15% year-over-year.
Market Share Gains
Year-over-year market share growth of 3 to 15 basis points in each of the first three quarters of fiscal 2025 in Hooker's legacy divisions.
Cost Savings Initiatives
Expected annualized cost savings of $4 million to $5.7 million beginning in fiscal 2027 from the Savannah warehouse exit. Additional savings of between $8 million to $10 million anticipated, with full benefits in fiscal 2027.
Lowlights
Overall Sales Decline for Fiscal Year
Consolidated net sales for fiscal 2025 were $397.5 million, a decrease of $35.8 million, or 8.3%, compared to the previous fiscal year.
Consolidated Operating and Net Loss
Consolidated operating loss was $18.1 million for the year, with a net loss of $12.5 million, or $1.19 per share, primarily due to lower sales volumes and $10.8 million in charges.
Domestic Upholstery Sales Decline
Fourth quarter net sales decreased $2 million or about 7% year-over-year. Fiscal 2025 net sales were down $12.6 million or about 10%.
Cash and Cash Equivalents Decrease
Cash and cash equivalents stood at $6.3 million, a decrease of $36.9 million from the previous year end, due to increased accounts receivable and inventory levels.
Company Guidance
During the fourth quarter of fiscal year 2025, Hooker Furnishings Corporation saw an 8% increase in consolidated net sales, amounting to $7.7 million, largely attributed to a 14-week reporting period compared to the previous year's 13 weeks. Segment performance varied, with Hooker Branded and Home Meridian sales rising by 2% and 13% respectively, while Domestic Upholstery sales declined by 7%. The company faced significant fourth-quarter charges totaling $3.1 million, including $1.3 million in inventory write-downs, $878,000 in trade name impairment, and $718,000 in bad debt expense, resulting in a consolidated operating loss of $2.7 million and a net loss of $2.3 million. For the fiscal year, net sales decreased by 8.3% to $397.5 million, with operating losses driven by weaker sales volumes and $10.8 million in charges. Looking ahead, Hooker Furnishings anticipates cost savings of up to $5.7 million annually starting in fiscal 2027 from strategic initiatives, including the Savannah warehouse exit and a new facility in Vietnam, with additional annualized savings projected between $8 million and $10 million over the next fiscal year.Hooker Furniture Corporate Events
Executive/Board Changes
Hooker Furniture CFO Paul Huckfeldt to Retire in 2025
Neutral
Dec 10, 2024
Hooker Furnishings Corporation announced the retirement of CFO Paul A. Huckfeldt, effective February 2025, after over 20 years of service. Huckfeldt, known for his role in guiding the company through strategic acquisitions and the COVID crisis, will join the Board of Directors, expanding it from seven to eight members. His continued involvement is expected to benefit both the company and its shareholders.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.