E Daily Stock Analysis: Hooker Furniture

Today we look at a small-cap furniture manufacturing company named Hooker Furniture Corporation. Its trading ticker symbol is HOFT. This is my first ever report on Hooker Furniture Corporation for this portfolio or any of my previous portfolios.

Hooker Furniture Corp is a designer, marketer, and importer of case goods, leather furniture, and fabric-upholstered furniture for the residential, hospitality, and contract markets. 

The company also domestically manufactures premium residential custom leather and custom fabric-upholstered furniture. Its segments are Hooker Branded, Home Meridian, Domestic Upholstery, and others. 

The Hooker Branded segment includes a wide range of design categories, home entertainment, home office, dining, and bedroom furniture, the Home Meridian segment includes Samuel Lawrence Furniture, Pulaski Furniture, Domestic Upholstery includes the domestic upholstery manufacturing operations of Sam Moore and Shenandoah Furniture and others. 

The company generates a majority of its revenue from the Home Meridian Segment.

It sells home furnishing products through retailers comprising independent furniture stores, department stores, mass merchants, national chains, warehouse clubs, catalog merchants, interior designers, and e-commerce retailers principally in North America. 

Hooker Furniture Corporation was founded in 1924 and is headquartered in Martinsville, Virginia.

Three key data points gauge dividend equities or funds like Hooker Furniture Corp:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether a company has made, is making, and will make money. 

HOFT Price

Hooker's price per share closed at $32.04 yesterday. A year ago its price was $21.87. Price per share soared $10.17 or about 46.5% this past year. 

If Hooker Furniture Corp stock trades in the range of $12 to $42 this next year, its recent $32.04 price might rise by $2.96 to reach $35.00 by February 19, 2022. That's well below the analyst expectation for 2022.

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Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, ...

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