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Hooker Furniture Corp. (HOFT)
NASDAQ:HOFT
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Hooker Furniture
(NASDAQ:HOFT)
Rating:51Neutral
Price Target:
$10.00
▼(-8.42% Downside)
Hooker Furniture (HOFT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$116.81M
Dividend Yield8.42%
Average Volume (3M)33.33K
Price to Earnings (P/E)―
Beta (1Y)1.42
Revenue Growth-3.89%
EPS Growth-391.05%
CountryUS
Employees1,034
SectorConsumer Cyclical
Sector Strength83
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)-0.29
Shares Outstanding10,697,007
10 Day Avg. Volume28,228
30 Day Avg. Volume33,327
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.30
Enterprise Value/Revenue0.39
Enterprise Value/Gross Profit1.72
Enterprise Value/Ebitda-31.04
Forecast
1Y Price Target
$10.00Price Target Upside-8.42% Downside
Rating ConsensusHold
Number of Analyst Covering1
Hooker Furniture Business Overview & Revenue Model
Company DescriptionHooker Furniture Corporation (HOFT) is a leading manufacturer and importer of residential and commercial furniture, based in Virginia, USA. The company primarily operates in the home furnishings sector, focusing on a diverse range of products including bedroom, dining room, and living room furniture, as well as home office and entertainment furniture. Hooker Furniture is known for its commitment to quality and craftsmanship, offering both traditional and contemporary designs to meet the varying tastes of consumers. The brand operates under several divisions, including Hooker Casegoods, Hooker Upholstery, and Bradington-Young, among others, positioning itself as a comprehensive provider of furniture solutions.
How the Company Makes MoneyHooker Furniture generates revenue primarily through the sale of its furniture products to retailers, wholesalers, and directly to consumers through various channels. The company's revenue model is built on multiple key streams including the sale of casegoods, upholstery, and home office furniture. Significant partnerships with a network of retailers enhance distribution, while ongoing relationships with overseas manufacturers help manage production costs and supply chain efficiency. Additionally, the company benefits from seasonal promotions and marketing strategies that drive consumer demand, contributing to its overall earnings.
Hooker Furniture Earnings Call Summary
Earnings Call Date:Jun 12, 2025
(Q1-2026)
| % Change Since: |
Next Earnings Date:Sep 11, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted significant cost reduction initiatives and product launches that have improved gross margins and boosted order volumes in certain segments. However, challenges remain with declining net sales, macroeconomic headwinds, and ongoing uncertainties in the mid-priced market segment.Q1-2026 Updates
Positive Updates
Cost Reduction Initiatives
The company launched a multiphase cost reduction strategy targeting $25 million in annualized savings by next year. Phase one achieved over $10 million in fixed cost reductions, and phase two focuses on supply chain efficiency through a new Vietnam warehouse.
Gross Margin Improvement
Gross margins improved by 190 basis points, driven by cost reduction initiatives, particularly in Home Meridian and domestic upholstery.
Hooker Branded Orders Surge
May orders for Hooker Legacy were up nearly 33% compared to the prior year, with Hooker branded orders up almost 40%.
New Product Launches
The company launched two new case good collections in their collected living format and introduced the Living Your Way modular upholstery program.
Financial Flexibility
Cash and cash equivalents increased to $18 million, with $40 million available under a revolving credit facility. All outstanding borrowings on the revolving credit facility were paid down.
Negative Updates
Decrease in Net Sales
Consolidated net sales decreased by $8.3 million or 8.8% compared to the previous year, driven primarily by a double-digit sales decrease at Home Meridian.
Net Loss
The company recorded a net loss of $3.1 million, though this was an improvement from the prior year's first quarter.
Challenges in the Mid-Priced Market
Home Meridian's net sales decreased by $7.6 million or 29% due to a reduction in unit volume and the loss of a major customer due to bankruptcy.
Macroeconomic Challenges
The home furnishings industry faces challenges due to softness in the housing market, high mortgage rates, and tariff uncertainties impacting consumer confidence.
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 previous year. Despite this, the company reduced its operating loss by 31% to $3.6 million, thanks to cost reduction efforts. Operating expenses were cut by $2.2 million, and gross margins improved by 190 basis points. The company achieved a net loss of $3.1 million, an improvement from the prior year's $4.1 million. Hooker Branded reached breakeven, while Domestic Upholstery and Home Meridian reduced their operating losses by 55% and 17%, respectively. The company is executing a multiphase cost reduction strategy targeting $25 million in annualized savings by the next fiscal year. This includes the opening of a new Vietnam warehouse to enhance supply chain efficiency and reduce lead times. Additionally, despite macroeconomic challenges such as tariff uncertainties and a challenging housing market, Hooker Furnishings continues to focus on product innovation, cost optimization, and operational excellence to drive long-term shareholder value.Hooker Furniture Financial Statement Overview
Summary
Hooker Furniture is experiencing financial difficulties with declining revenue and negative net income. The company also faces cash flow challenges, with negative operating cash flow and significant liquidity pressures. While some balance sheet metrics like the debt-to-equity ratio are stable, overall financial health is concerning.Income Statement
Hooker Furniture's income statement shows significant challenges. The TTM data reflects a decline in revenue compared to previous years, with a negative net income indicating losses. Gross profit margins have also decreased, highlighting cost pressures. The EBIT and EBITDA margins are negative, suggesting issues in operational efficiency. Overall, the company is facing difficulties in maintaining profitability and revenue growth.40
Negative
Balance Sheet
The balance sheet presents a mixed picture. The debt-to-equity ratio is relatively stable, indicating a manageable level of debt compared to equity. However, there has been a decline in stockholders' equity over time. The equity ratio remains healthy, suggesting the company still has a solid asset base. Despite these strengths, the decrease in total assets and stockholders' equity may pose risks if the trend continues.55
Neutral
Cash Flow
Cash flow analysis reveals concerning trends. The operating cash flow is negative, indicating insufficient cash generated from operations to cover expenses. Free cash flow has also declined significantly, leading to liquidity pressures. The free cash flow to net income ratio is unfavorable, highlighting cash generation issues. These factors suggest challenges in sustaining operations without external financing.30
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 389.21M | 397.46M | 433.23M | 583.10M | 593.61M | 540.08M |
| Gross Profit | 88.28M | 88.65M | 108.69M | 93.29M | 101.70M | 112.75M |
| EBITDA | -4.90M | -5.92M | 22.97M | 3.20M | 23.03M | -7.25M |
| Net Income | -11.47M | -12.51M | 9.87M | -4.31M | 11.72M | -10.43M |
Balance Sheet | ||||||
| Total Assets | 299.69M | 313.94M | 343.59M | 381.72M | 374.56M | 352.27M |
| Cash, Cash Equivalents and Short-Term Investments | 18.01M | 6.29M | 43.16M | 19.00M | 69.37M | 65.84M |
| Total Debt | 69.02M | 70.29M | 76.25M | 95.34M | 54.04M | 36.09M |
| Total Liabilities | 100.53M | 109.56M | 117.61M | 145.69M | 113.43M | 94.77M |
| Stockholders Equity | 199.16M | 204.38M | 225.97M | 236.02M | 261.13M | 257.50M |
Cash Flow | ||||||
| Free Cash Flow | -13.08M | -26.26M | 48.66M | -25.92M | 12.52M | 67.05M |
| Operating Cash Flow | -9.83M | -23.02M | 55.47M | -21.72M | 19.21M | 68.26M |
| Investing Cash Flow | -2.71M | -2.70M | -8.56M | -29.96M | -6.86M | -476.00K |
| Financing Cash Flow | -10.33M | -11.15M | -22.76M | 1.32M | -8.82M | -37.98M |
Hooker Furniture Technical Analysis
Positive
10.92
Price Trends
10.40
Positive
9.96
Positive
11.49
Negative
Market Momentum
0.09
Negative
62.44
Neutral
88.83
Negative
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 10.92 is above the 20-day moving average (MA) of 10.04, above the 50-day MA of 10.40, and below the 200-day MA of 11.49, indicating a neutral trend. The MACD of 0.09 indicates Negative momentum. The RSI at 62.44 is Neutral, neither overbought nor oversold. The STOCH value of 88.83 is Negative, 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 20 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 (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $771.91M | 15.07 | 10.69% | 6.32% | -4.89% | -19.26% | |
64 Neutral | $1.49B | 16.56 | 9.09% | 2.43% | 2.18% | -22.35% | |
61 Neutral | $17.92B | 12.81 | -3.11% | 2.97% | 1.30% | -14.28% | |
58 Neutral | $145.98M | 59.07 | 1.46% | 4.76% | -7.22% | ― | |
58 Neutral | $1.45B | 45.68 | -2.77% | 3.50% | 1.14% | -149.26% | |
51 Neutral | $116.81M | ― | -5.55% | 8.42% | -3.89% | -391.05% | |
46 Neutral | $220.20M | ― | 9.10% | ― | -14.40% | -2.14% |
* Consumer Cyclical Sector Average
Performance Comparison
HOFT
Hooker Furniture
10.92
-3.84
-26.02%
BSET
Bassett Furniture
16.80
4.20
33.33%
ETD
Ethan Allen
30.34
3.39
12.58%
MLKN
MillerKnoll
21.44
-4.04
-15.86%
LZB
La-Z-Boy Incorporated
36.16
-1.38
-3.68%
SNBR
Sleep Number
9.67
-4.46
-31.56%
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.