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Hooker Furniture Corp. (HOFT)
NASDAQ:HOFT
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Hooker Furniture
(NASDAQ:HOFT)
Rating:50Neutral
Price Target:
$10.50
▼(-8.54%Downside)
Hooker Furniture (HOFT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$120.66M
Dividend Yield8.7%
Average Volume (3M)144.21K
Price to Earnings (P/E)―
Beta (1Y)1.24
Revenue Growth-3.89%
EPS Growth-391.05%
CountryUS
Employees1,034
SectorConsumer Cyclical
Sector Strength57
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)-0.29
Shares Outstanding10,697,007
10 Day Avg. Volume287,329
30 Day Avg. Volume144,207
Financial Highlights & Ratios
PEG Ratio0.40
Price to Book (P/B)1.01
Price to Sales (P/S)0.00
P/FCF Ratio-9.17
Enterprise Value/Market Cap2.60
Enterprise Value/Revenue0.20
Enterprise Value/Gross Profit3.59
Enterprise Value/Ebitda15.00
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, operating under the ticker symbol HOFT, is a leading designer, marketer, and importer of high-quality residential furniture. Founded in 1924 and headquartered in Martinsville, Virginia, the company offers a diverse range of home furnishings, including case goods, leather and fabric-upholstered furniture, and home office furniture. Hooker Furniture serves a wide array of customers, including furniture retailers, department stores, and independent furniture stores, with its products being recognized for their innovative design, functionality, and craftsmanship.
How the Company Makes MoneyHooker Furniture generates revenue primarily through the sale of its home furnishing products. The company's revenue streams are derived from the wholesale distribution of its case goods and upholstered furniture to a variety of retail outlets. Hooker Furniture also benefits from its strategic partnerships and licensing agreements, which allow it to expand its product offerings and reach a broader customer base. The company's earnings are further supported by its focus on product innovation and design, which helps maintain its competitive edge in the furniture market. Additionally, Hooker Furniture's international operations contribute to its revenue, as it sources products from global suppliers to optimize cost efficiency and supply chain management.
Hooker Furniture Earnings Call Summary
Earnings Call Date:Jun 12, 2025
(Q1-2026)
| % Change Since: 3.42%|
Next Earnings Date:Sep 04, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture with significant cost reductions and operational improvements highlighting the positives. However, these were balanced by notable sales declines and challenges due to import tariffs, especially impacting Home Meridian.Q1-2026 Updates
Positive Updates
Cost Reduction Achievements
Reduced operating expenses by $2.2 million and operating loss by $16 million, reflecting a 31% reduction. Implemented strategies aimed at $25 million annual savings by next fiscal year.
Vietnam Warehouse Initiative
Opened a new Vietnam warehouse to enhance supply chain efficiency, reducing lead times from six months to four to six weeks, potentially improving sales.
Legacy Brand Performance
Hooker's legacy brands achieved consecutive market share gains, with Hooker branded orders up nearly 40% and domestic upholstery orders up 25% in May compared to the previous year.
Gross Margin Improvement
Improved gross margins by 190 basis points, driven by better margins in Home Meridian and domestic upholstery.
Increased Cash Position
Cash and cash equivalents increased by $11.7 million from year-end, maintaining financial flexibility with $40 million in available borrowing capacity.
Negative Updates
Sales Decline
Consolidated net sales decreased by $8.3 million or 8.8% compared to last year, driven by a double-digit sales decrease at HMI.
Impact of Import Tariffs
Tariff uncertainties negatively impacting consumer confidence and demand, particularly affecting HMI positioned in the mid-price segment.
Home Meridian Challenges
Home Meridian's net sales decreased by $7.6 million or 29% due to significant reduction in unit volume and loss of a major customer due to its bankruptcy.
Domestic Upholstery Sales Decrease
Domestic upholstery segment experienced a net sales decrease of about $1 million or 3.7%, attributed to reduced demand for indoor residential home furnishings.
Company Guidance
During the first quarter of fiscal 2026, Hooker Furnishings Corporation reported consolidated net sales of $85.3 million, marking an 8.8% decrease compared to the same period last year. Despite this decline, the company successfully reduced its operating loss by 31% to $3.6 million, attributed to cost-reduction strategies that lowered operating expenses by $2.2 million. Hooker Branded achieved breakeven, while Domestic Upholstery and Home Meridian significantly reduced their operating losses by 55% and 17%, respectively. The company’s gross margins improved by 190 basis points, aided by better margins in Home Meridian and domestic upholstery. The net loss was reduced to $3.1 million, or $0.29 per diluted share, from the previous year’s $4.1 million, or $0.39 per diluted share. A significant part of the strategy includes a multipronged cost reduction initiative aimed at achieving $25 million in annualized savings by the next fiscal year, with a notable development being the opening of a new Vietnam warehouse to enhance supply chain efficiency. Additionally, the company remains cautious of ongoing challenges in the home furnishings market, such as high mortgage rates and import tariff uncertainties, and is positioned to act responsibly in response to potential tariff changes expected in July.Hooker Furniture Financial Statement Overview
Summary
Hooker Furniture is facing financial challenges with declining revenues and profitability. The balance sheet shows a manageable debt level, but asset reduction and equity decline are concerns. Cash flow volatility highlights operational inefficiencies that need addressing to stabilize the company's financial health. While there are signs of potential improvement, strategic changes are necessary for a 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 |
| EBITDA | -5.92M | 22.97M | 3.20M | 23.03M | -7.25M |
| Net Income | -12.51M | 9.87M | -4.31M | 11.72M | -10.43M |
Balance Sheet | |||||
| Total Assets | 313.94M | 343.59M | 381.72M | 374.56M | 352.27M |
| Cash, Cash Equivalents and Short-Term Investments | 6.29M | 43.16M | 19.00M | 69.37M | 65.84M |
| Total Debt | 70.29M | 76.25M | 95.34M | 54.04M | 36.09M |
| 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 | -26.26M | 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
Positive
11.48
Price Trends
9.81
Positive
10.37
Positive
12.81
Negative
Market Momentum
0.36
Negative
58.47
Neutral
61.09
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HOFT, the sentiment is Positive. The current price of 11.48 is above the 20-day moving average (MA) of 10.68, above the 50-day MA of 9.81, and below the 200-day MA of 12.81, indicating a neutral trend. The MACD of 0.36 indicates Negative momentum. The RSI at 58.47 is Neutral, neither overbought nor oversold. The STOCH value of 61.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $746.37M | 13.01 | 12.09% | 5.32% | -6.32% | -18.35% | |
68 Neutral | $1.58B | 16.44 | 9.84% | 2.28% | 3.04% | -16.49% | |
63 Neutral | $1.40B | 48.62 | 2.28% | 3.63% | -2.68% | -56.16% | |
62 Neutral | $16.65B | 11.30 | -7.38% | 3.01% | 1.59% | -23.30% | |
51 Neutral | $135.52M | ― | -3.83% | 5.14% | -11.78% | -13.89% | |
50 Neutral | $120.66M | ― | -5.55% | 8.70% | -3.89% | -391.05% | |
43 Neutral | $159.53M | ― | 9.10% | ― | -12.36% | 37.69% |
* Consumer Cyclical Sector Average
Performance Comparison
HOFT
Hooker Furniture
11.48
-1.14
-9.03%
BSET
Bassett Furniture
15.64
2.41
18.22%
ETD
Ethan Allen
30.24
4.74
18.59%
MLKN
MillerKnoll
21.07
-4.30
-16.95%
LZB
La-Z-Boy Incorporated
39.42
3.69
10.33%
SNBR
Sleep Number
7.44
-1.88
-20.17%
Hooker Furniture Corporate Events
Executive/Board ChangesShareholder Meetings
Hooker Furniture Shareholders Elect Directors and Approve Auditor
Neutral
Jun 9, 2025
At the Annual Meeting of Shareholders held on June 3, 2025, Hooker Furnishings Corporation’s shareholders elected eight directors to serve a one-year term on the Board of Directors. Additionally, shareholders ratified KPMG LLP as the independent registered public accounting firm for the fiscal year ending February 1, 2026, and approved the compensation of the company’s executive officers.
Dividends
Hooker Furniture Declares Quarterly Cash Dividend
Positive
Jun 4, 2025
On June 3, 2025, Hooker Furnishings Corporation’s board of directors declared a quarterly cash dividend of $0.23 per share, payable on June 30, 2025, to shareholders of record on June 16, 2025. This announcement reflects the company’s ongoing commitment to returning value to its shareholders and may positively impact investor confidence in the company’s financial health and stability.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.