HOFT

Hooker FurnitureNasdaqGS:HOFT Stock Report

Market Cap

US$311.9m

7D

-5.5%

1Y

-3.8%

Updated

18 Sep, 2021

Data

Company Financials +
HOFT fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance1/6
Financial Health6/6
Dividends4/6

HOFT Overview

Hooker Furniture Corporation designs, manufactures, imports, and markets residential household, hospitality, and contract furniture.

Hooker Furniture Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Hooker Furniture
Historical stock prices
Current Share PriceUS$26.30
52 Week HighUS$24.98
52 Week LowUS$42.90
Beta0.90
1 Month Change-17.84%
3 Month Change-27.15%
1 Year Change-3.77%
3 Year Change-25.28%
5 Year Change-3.24%
Change since IPO289.63%

Recent News & Updates

Sep 16
Hooker Furniture's (NASDAQ:HOFT) Solid Profits Have Weak Fundamentals

Hooker Furniture's (NASDAQ:HOFT) Solid Profits Have Weak Fundamentals

Hooker Furniture Corporation's ( NASDAQ:HOFT ) robust earnings report didn't manage to move the market for its stock...

Sep 14

Hooker Furniture: Second Quarter Sales Up Double Digits, Record Backlog, Stock Has Upside Of 100%

Hooker is up 27% since our initial recommendation and we see a further 108% upside. Supply issues in Asia are only temporary. Second quarter results were mixed; however, overall sales jumped 25% YoY. For each of Hooker's operational segments, the company saw record-high backlogs. Hooker is a beneficiary of the work-from-home trend.

Shareholder Returns

HOFTUS Consumer DurablesUS Market
7D-5.5%-0.8%-0.6%
1Y-3.8%36.8%33.8%

Return vs Industry: HOFT underperformed the US Consumer Durables industry which returned 36.8% over the past year.

Return vs Market: HOFT underperformed the US Market which returned 33.8% over the past year.

Price Volatility

Is HOFT's price volatile compared to industry and market?
HOFT volatility
HOFT Beta0.90
Industry Beta1.45
Market Beta1

Stable Share Price: HOFT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: HOFT's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19241,148Jeremy Hoffhttps://www.hookerfurniture.com

Hooker Furniture Corporation designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. The company’s Hooker Branded segment offers design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand name; and imported upholstered furniture under the Hooker Upholstery brand. Its Home Meridian segment provides home furnishings under the Accentrics Home brand; a range of bedroom, dining room, accent, and display cabinet, home office, and youth furnishings under the Pulaski Furniture and Samuel Lawrence Furniture brands; and imported leather motion upholstery under the Prime Resources International brand.

Valuation

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

8.81x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: HOFT ($26.3) is trading above our estimate of fair value ($17.35)

Significantly Below Fair Value: HOFT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: HOFT is good value based on its PE Ratio (8.8x) compared to the US Consumer Durables industry average (11x).

PE vs Market: HOFT is good value based on its PE Ratio (8.8x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: HOFT is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: HOFT is good value based on its PB Ratio (1.2x) compared to the US Consumer Durables industry average (2x).


Future Growth

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

15.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HOFT's forecast earnings growth (15.7% per year) is above the savings rate (2%).

Earnings vs Market: HOFT's earnings (15.7% per year) are forecast to grow faster than the US market (14.9% per year).

High Growth Earnings: HOFT's earnings are forecast to grow, but not significantly.

Revenue vs Market: HOFT's revenue (7.3% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: HOFT's revenue (7.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if HOFT's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Hooker Furniture performed over the past 5 years?

-16.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HOFT has a high level of non-cash earnings.

Growing Profit Margin: HOFT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: HOFT's earnings have declined by 16.7% per year over the past 5 years.

Accelerating Growth: HOFT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: HOFT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Durables industry (71.4%).


Return on Equity

High ROE: HOFT's Return on Equity (13.1%) is considered low.


Financial Health

How is Hooker Furniture's financial position?


Financial Position Analysis

Short Term Liabilities: HOFT's short term assets ($247.1M) exceed its short term liabilities ($64.9M).

Long Term Liabilities: HOFT's short term assets ($247.1M) exceed its long term liabilities ($32.6M).


Debt to Equity History and Analysis

Debt Level: HOFT is debt free.

Reducing Debt: HOFT has no debt compared to 5 years ago when its debt to equity ratio was 27.6%.

Debt Coverage: HOFT has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: HOFT has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

2.74%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HOFT's dividend (2.74%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: HOFT's dividend (2.74%) is low compared to the top 25% of dividend payers in the US market (3.6%).


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: With its low payout ratio (23.4%), HOFT's dividend payments are well covered by earnings.


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?

0.6yrs

Average management tenure


CEO

Jeremy Hoff (48 yo)

0.58

Tenure

US$568,867

Compensation

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


CEO Compensation Analysis

Compensation vs Market: Jeremy's total compensation ($USD568.87K) is below average for companies of similar size in the US market ($USD1.67M).

Compensation vs Earnings: Jeremy's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: HOFT's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: HOFT's board of directors are considered experienced (5.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: HOFT insiders have bought more shares than they have sold 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 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$311.918m
  • Shares outstanding: 11.86m
  • Website: https://www.hookerfurniture.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 22:02
End of Day Share Price2021/09/17 00:00
Earnings2021/08/01
Annual Earnings2021/01/31


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.