Hooker Furniture (HOFT) Posts Earnings Results, Beats Expectations By $0.19 EPS

Hooker Furniture (NASDAQ:HOFT) announced its earnings results on Tuesday. The company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.19, Fidelity Earnings reports. The firm had revenue of $200.48 million during the quarter. Hooker Furniture had a return on equity of 14.96% and a net margin of 5.16%.

HOFT opened at $27.41 on Wednesday. The company has a quick ratio of 1.93, a current ratio of 3.46 and a debt-to-equity ratio of 0.13. The company has a market cap of $350.84 million, a price-to-earnings ratio of 9.79 and a beta of 0.56. Hooker Furniture has a 52 week low of $24.85 and a 52 week high of $49.85.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Friday, March 15th.

An institutional investor recently raised its position in Hooker Furniture stock. Geode Capital Management LLC raised its stake in shares of Hooker Furniture Co. (NASDAQ:HOFT) by 8.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 131,102 shares of the company’s stock after acquiring an additional 10,433 shares during the period. Geode Capital Management LLC owned approximately 1.11% of Hooker Furniture worth $3,453,000 as of its most recent SEC filing. 86.15% of the stock is owned by institutional investors and hedge funds.

Separately, BidaskClub raised Hooker Furniture from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th.

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Hooker Furniture Company Profile

Hooker Furniture Corporation, together with its subsidiaries, designs, manufactures, imports, and markets residential household furniture products in the United States. It operates through Hooker Branded, Home Meridian, and All Other segments. The Hooker Branded segment offers a range of design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand name; and imported upholstered furniture.

See Also: Earnings Reports

Earnings History for Hooker Furniture (NASDAQ:HOFT)

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