Stonegate Updates Coverage on Hooker Furniture Corporation (HOFT) Q2 FY25

Rhea-AI Summary

Stonegate Capital Partners has updated its coverage on Hooker Furniture (NASDAQ: HOFT). The key takeaways from the update include:

• Margins remaining above 20%
• A strong dividend yield of 6.0%
• An increase in backlog of approximately 8.4% year-to-date

These factors suggest positive performance indicators for Hooker Furniture , potentially attracting investor interest. The company's ability to maintain high margins and offer a substantial dividend yield may indicate financial stability and shareholder value. The growth in backlog could point to increasing demand for the company's products.

Positive

• Margins remain above 20%, indicating strong profitability
• High dividend yield of 6.0%, attractive for income-focused investors
• Backlog increased by 8.4% year-to-date, suggesting growing demand

Negative

• None.

News Market Reaction

-1.07%

1 alert

-1.07% News Effect

On the day this news was published, HOFT declined 1.07%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Dallas, Texas--(Newsfile Corp. - September 6, 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 6.0%
• Backlog increased ~8.4% YTD

Click image above to view full announcement.

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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 services 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/222374

FAQ

What are the key takeaways from Stonegate's updated coverage on Hooker Furniture (HOFT)?

The key takeaways from Stonegate's updated coverage on Hooker Furniture (HOFT) include margins remaining above 20%, a strong dividend yield of 6.0%, and an increase in backlog of approximately 8.4% year-to-date.

What is the current dividend yield for Hooker Furniture (HOFT) stock?

According to the Stonegate Capital Partners update, Hooker Furniture (HOFT) currently offers a strong dividend yield of 6.0%.

How has Hooker Furniture's (HOFT) backlog changed in the recent update?

The update from Stonegate Capital Partners indicates that Hooker Furniture's (HOFT) backlog has increased by approximately 8.4% year-to-date.

What is the profit margin range for Hooker Furniture (HOFT) according to the latest update?

The Stonegate Capital Partners update reports that Hooker Furniture's (HOFT) margins remain above 20%.