NasdaqGS:HOFT

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Hooker Furniture Corporation, together with its subsidiaries, designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. More Details


Snowflake Analysis

Adequate balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Hooker Furniture's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HOFT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: HOFT's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

2.8%

HOFT

-3.5%

US Consumer Durables

-4.6%

US Market


1 Year Return

79.7%

HOFT

44.7%

US Consumer Durables

38.5%

US Market

Return vs Industry: HOFT exceeded the US Consumer Durables industry which returned 38.6% over the past year.

Return vs Market: HOFT exceeded the US Market which returned 38.9% over the past year.


Shareholder returns

HOFTIndustryMarket
7 Day2.8%-3.5%-4.6%
30 Day6.7%1.4%0.6%
90 Day8.5%10.3%1.9%
1 Year85.3%79.7%46.6%44.7%41.5%38.5%
3 Year-2.2%-9.0%52.1%45.8%56.7%46.7%
5 Year14.7%3.9%89.0%75.1%123.5%98.6%

Long-Term Price Volatility Vs. Market

How volatile is Hooker Furniture's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Hooker Furniture undervalued compared to its fair value and its price relative to the market?

2.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HOFT ($33.81) is trading below our estimate of fair value ($34.71)

Significantly Below Fair Value: HOFT is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: HOFT is unprofitable, so we can't compare its PE Ratio to the US Consumer Durables industry average.

PE vs Market: HOFT is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HOFT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HOFT is good value based on its PB Ratio (1.6x) compared to the US Consumer Durables industry average (1.8x).


Next Steps

Future Growth

How is Hooker Furniture forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

106.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HOFT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: HOFT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: HOFT's is expected to become profitable in the next 3 years.

Revenue vs Market: HOFT's revenue (7.5% per year) is forecast to grow slower than the US market (10.4% per year).

High Growth Revenue: HOFT's revenue (7.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HOFT's Return on Equity is forecast to be low in 3 years time (12.9%).


Next Steps

Past Performance

How has Hooker Furniture performed over the past 5 years?

-15.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HOFT is currently unprofitable.

Growing Profit Margin: HOFT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HOFT is unprofitable, and losses have increased over the past 5 years at a rate of 15.6% per year.

Accelerating Growth: Unable to compare HOFT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HOFT is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (32.8%).


Return on Equity

High ROE: HOFT has a negative Return on Equity (-4.75%), as it is currently unprofitable.


Next Steps

Financial Health

How is Hooker Furniture's financial position?


Financial Position Analysis

Short Term Liabilities: HOFT's short term assets ($237.8M) exceed its short term liabilities ($74.8M).

Long Term Liabilities: HOFT's short term assets ($237.8M) exceed its long term liabilities ($43.3M).


Debt to Equity History and Analysis

Debt Level: HOFT's debt to equity ratio (10.2%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if HOFT's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: HOFT's debt is well covered by operating cash flow (320.2%).

Interest Coverage: HOFT is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Hooker Furniture current dividend yield, its reliability and sustainability?

2.13%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HOFT's dividend (2.13%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: HOFT's dividend (2.13%) is low compared to the top 25% of dividend payers in the US market (3.72%).


Stability and Growth of Payments

Stable Dividend: HOFT's dividends per share have been stable in the past 10 years.

Growing Dividend: HOFT's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: HOFT is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.4yrs

Average management tenure


CEO

Jeremy Hoff (47 yo)

no data

Tenure

US$595,306

Compensation

Mr. Jeremy R. Hoff has been Chief Executive Officer & Director at Hooker Furniture Corporation since February 1, 2021 and served as its President of Hooker Branded Segment since April 2018 until January 31...


CEO Compensation Analysis

Compensation vs Market: Jeremy's total compensation ($USD595.31K) is below average for companies of similar size in the US market ($USD1.47M).

Compensation vs Earnings: Insufficient data to compare Jeremy's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Jeremy Hoff
CEO & Directorno dataUS$595.31k0.0037%
$ 14.6k
Paul Huckfeldt
CFO and Senior VP of Finance & Accounting10.08yrsUS$656.57k0.21%
$ 856.7k
Anne M. Smith
Chief Administration Officer & President of Domestic Upholstery7.08yrsUS$606.72k0.084%
$ 336.1k
Donald Boone
President of Home Meridian Segment2.67yrsUS$490.31k0.017%
$ 67.6k
Tod Phelps
Senior VP of Operations & Chief Information Officerno datano datano data
Johne Albanese
Chief Marketing Officerno datano datano data
Robert Sherwood
VP of Credit & Treasurerno datano datano data
Michael Harris
President of Hooker Casegoods & Upholsteryno datano datano data
Craig Young
President of Bradington-Young3.67yrsno datano data
Earl Armstrong
Secretaryno datano datano data

5.4yrs

Average Tenure

57yo

Average Age

Experienced Management: HOFT's management team is seasoned and experienced (5.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jeremy Hoff
CEO & Directorno dataUS$595.31k0.0037%
$ 14.6k
Henry Williamson
Independent Lead Director4.67yrsUS$123.00k0.38%
$ 1.5m
Edwin Ryder
Independent Director10yrsUS$108.00k0.16%
$ 632.2k
John Gregory
Independent Director33.08yrsUS$108.00k0.18%
$ 715.3k
W. Beeler
Independent Director28.08yrsUS$118.00k0.36%
$ 1.4m
Paulette Garafalo
Independent Director3.5yrsUS$113.00k0.064%
$ 256.8k
Ellen Taaffe
Independent Director5.58yrsUS$113.00k0.080%
$ 319.7k
Paul Toms
Non-Executive Chairman20.17yrsUS$1.57m0.98%
$ 3.9m
Tonya Jackson
Independent Director3.5yrsUS$108.00k0.063%
$ 253.6k

7.8yrs

Average Tenure

65yo

Average Age

Experienced Board: HOFT's board of directors are considered experienced (7.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: HOFT insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Hooker Furniture Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hooker Furniture Corporation
  • Ticker: HOFT
  • Exchange: NasdaqGS
  • Founded: 1924
  • Industry: Home Furnishings
  • Sector: Consumer Durables
  • Market Cap: US$400.049m
  • Shares outstanding: 11.83m
  • Website: https://www.hookerfurniture.com

Number of Employees


Location

  • Hooker Furniture Corporation
  • 440 East Commonwealth Boulevard
  • Martinsville
  • Virginia
  • 24112
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HOFTNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJul 1999

Biography

Hooker Furniture Corporation, together with its subsidiaries, designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. The company operates through three segm...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/27 00:10
End of Day Share Price2021/02/26 00:00
Earnings2020/11/01
Annual Earnings2020/02/02


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.