Hooker Furniture Corp has the ticker symbol HOFT and is a member of the Consumer Cyclical sector as furniture fixtures and appliances company.  It has average value and strong fundamental scores on its track record but is now 59.92% over-priced based on its historic valuation of $23.42. This is my second report on HOFT in Vista. I previously talked about Hooker Furniture Corp on February 19,  three weeks ago.

Hooker Furniture Corp has found favor with investors lately. Its 27% stock price climb in the past year made headlines.

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, 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 (HOFT):

(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 $37.46 yesterday. A year ago its price was $15.21. Price per share has more than recovered from the Covid recession, being more than 146% above last-year's mark. (Price is up $5.42 since I reported on it three weeks ago.)

If Hooker Furniture Corp stock trades in the range of $12 to $42 this year, its recent $37.46 price might rise by $3.54 to reach $41.00 by March 9, 2022. My estimate is below that of the broker analyst projection. 

HOFT Dividends

Hooker Furniture Corp's most recently declared quarterly dividend was $0.18 and is payable March 31st. Dividends are estimated to total $0.72 per share annually and yield 1.92% at yesterday's $37.46 closing price. It has paid annually increasing dividends for five years.

HOFT Returns

Adding the $0.72 annual HOFT anticipated dividend to my $3.54 price upside shows a $4.26 potential gross gain, per share, to be reduced by any costs to trade the shares.  

Put little over $1,000.00 today in Hooker Furniture Corp at $37.46 per share and we'd buy 27 shares of HOFT stock.

A $10 broker fee (if charged) would be paid half at purchase and half at a sale and might cost us about $0.37 per share.

Subtract that maybe $0.37 brokerage cost from my estimated $4.26 gross gain per share results in a net gain of $3.89 X 27 shares = $105.03 for a 10.5% net gain on a $1,011.42 investment.

Hooker Furniture Corp shows a possible 10.5% net gain including a 1.92% dividend yield. 

Over the next year at this time, a $1000 investment could generate $19.20 in cash dividends. And a single share bought at yesterday's closing price was about $37.50! So, if HOFT is your kind of furniture manufacturing investment, HOFT price is well above dividend income from $1,000 invested. This augurs to wait and see the price below $25 before buying.  

All of the estimates above are speculation based on the past history of Hooker Furniture Corp. Only time and money invested in this stock will determine its worth.