Stonegate Updates Coverage on Hooker Furniture Corporation (HOFT) Q1 FY25
Rhea-AI Summary
Stonegate Capital Partners has updated its coverage on Hooker Furniture (NASDAQ: HOFT) as of June 7, 2024. Key highlights include the company's strong financial performance with margins remaining above 20% and a robust dividend yield of 5.4%. Additionally, the company reported an 18.4% sequential increase in its backlog.
Positive
- Margins remain above 20%
- Strong dividend yield of 5.4%
- Backlog increased by 18.4% sequentially
Negative
- None.
News Market Reaction
On the day this news was published, HOFT declined 0.34%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Dallas, Texas--(Newsfile Corp. - June 7, 2024) - Hooker Furniture Corporation (NASDAQ: HOFT): Stonegate Capital Partners updates their coverage on Hooker Furniture Corporation (NASDAQ: HOFT)
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
- Margins remain above
20% - Strong dividend yield of
5.4% - Backlog increased ~
18.4% sequentially
Click image above to view full announcement.
About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies.
Contacts:
Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com
Source: Stonegate, Inc.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/212147
FAQ
What is the dividend yield for Hooker Furniture (HOFT) as of June 2024?
How much has Hooker Furniture 's backlog increased in Q1 FY25?
What are the current margins for Hooker Furniture (HOFT)?
