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Hooker Furnishings Corporation - HOFT STOCK NEWS

Welcome to our dedicated news page for Hooker Furnishings Corporation (Ticker: HOFT), a resource for investors and traders seeking the latest updates and insights on Hooker Furnishings Corporation.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Hooker Furnishings Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Hooker Furnishings Corporation's position in the market.

News
Hooker Furnishings Reports Improved Profitability in 2024 Fiscal Year
Rhea-AI Summary
Hooker Furnishings (HOFT) reported improved profitability despite a 25.7% sales decline in fiscal 2024, with operating income of $12.4 million and net income of $9.9 million. The company strengthened its financial position, increasing cash by $24.2 million and reducing inventory by 36%. Strategic growth initiatives were implemented, including the launch of the new 'M' modern lifestyle brand and the acquisition of BOBO. Despite weak industry demand, the company remains optimistic and continues to invest in future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.84%
Tags
earnings
-
News
Stonegate Updates Coverage on Hooker Furniture Corporation (HOFT) Q3 2023 Update
Rhea-AI Summary
Stonegate Capital Partners updates coverage on Hooker Furniture (HOFT), highlighting macroeconomic challenges, a solid dividend yield of 4.1%, and improved orders with a strong backlog.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.87%
Tags
earnings
-
News
Hooker Furnishings to Host Fourth Quarter and Full Year Earnings Call April 11th
Rhea-AI Summary
Hooker Furnishings (HOFT) will announce its fiscal 2024 fourth quarter and full year financial results on April 11, 2024. The company, in its 100th year, designs, markets, and imports furniture, lighting, and home décor for various markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.94%
Tags
conferences earnings
News
Hooker Furnishings Declares Quarterly Dividend
Rhea-AI Summary
Hooker Furnishings Corporation (HOFT) declared a quarterly cash dividend of $0.23 per share, payable on March 29, 2024. The company, in its 99th year, designs, markets, and imports furniture for residential, hospitality, and contract markets. They offer a variety of products under different brands and divisions, including casegoods, upholstered seating, and outdoor furniture.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.62%
Tags
dividends
-
News
Hooker Furnishings to Present at the Water Tower Research Furniture/Furnishings Virtual Conference January 17
Rhea-AI Summary
Hooker Furnishings Corporation (HOFT) to present at the Water Tower Research Furniture/Furnishings Virtual Conference on January 17, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.17%
Tags
conferences
-
News
Hooker Furnishings Posts Double-Digit Income Gains in Third Quarter
Rhea-AI Summary
Hooker Furnishings Corporation (NASDAQ-GS: HOFT) reported a 45.4% increase in consolidated net income for the fiscal 2024 third quarter, reaching $7 million or $0.65 per diluted share. Operating income also rose by 36.6% to $8.8 million, with a margin of 7.5%. However, consolidated net sales decreased by 22.9% due to soft demand for home furnishings and the exit from the Accentrics Home product line. The Home Meridian segment achieved positive operating income for the first time since 2021, contributing $0.9 million in the current-year third quarter compared to a $3.2 million loss in the prior-year third quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.4%
Tags
none
News
Hooker Furnishings Declares Increased Quarterly Dividend
Rhea-AI Summary
Hooker Furnishings Corporation (HOFT) declared a quarterly cash dividend of $0.23 per share, representing a 4.5% increase over the previous quarterly dividend. The company is a designer, marketer, and importer of furniture, lighting, accessories, and home decor. Hooker Furnishings also manufactures premium residential custom leather and custom fabric-upholstered furniture and outdoor furniture.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.08%
Tags
dividends
-
News
Hooker Furnishings to Host Third Quarter Earnings Call December 7th
Rhea-AI Summary
Hooker Furnishings Corporation (HOFT) will present its fiscal 2024 third quarter financial results on December 7, 2023 at 9:00 AM Eastern Time. The company, in its 99th year of business, is a designer, marketer, and importer of furniture, lighting, accessories, and home decor for residential, hospitality, and contract markets. It also manufactures premium custom furniture and outdoor furniture. Hooker Furnishings operates in Virginia, North Carolina, and California, with showrooms in High Point, Las Vegas, Atlanta, and Ho Chi Minh City.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.33%
Tags
conferences earnings
-
News
Stonegate Initiates Coverage on Hooker Furniture Corporation (HOFT)
Rhea-AI Summary
Stonegate Capital Partners initiates coverage on Hooker Furniture Corporation (NASDAQ: HOFT). Balanced inventory levels and a strong dividend yield of 4.7% are positive factors. The new acquisition of BOBO Intriguing Objects provides growth opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.05%
Tags
none
News
Hooker Furnishings Reports Second Quarter Sales and Earnings
Rhea-AI Summary
Hooker Furnishings Corporation reports decrease in net sales for Q2 2024 and first half of fiscal year, but strengthens financial position
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.96%
Tags
earnings
Stock HOFT logo
Hooker Furnishings Corporation

Nasdaq:HOFT

HOFT Rankings

#3839 Ranked by Market Cap
#1366 Ranked by Stock Gains
#584 Ranked by Dividends

HOFT Stock Data

196.36M
10.24M
2.27%
76.26%
1.36%
Upholstered Household Furniture Manufacturing
Manufacturing
Link
United States
Martinsville

About HOFT

incorporated in 1924 and ranked among the top ten largest publicly traded furniture producers based on shipments to u.s. retailers, hooker furniture is an importer of residential wood and metal furniture and a manufacturer and importer of upholstered furniture based in martinsville, virginia.