6%-Yielding Hooker Furnishings: Stocks Bottom On Bad News [Seeking Alpha]
Hooker Furnishings Corporation (HOFT)
US:NASDAQ Investor Relations:
investors.hookerfurniture.com
Company Research
Source: Seeking Alpha
Follow Summary Hooker Furnishings Corporation has faced challenges due to a housing market slowdown and softer demand but has made strategic moves to offload lower-margin businesses. Despite a poor fiscal Q2, the Home Meridian segment showed positive growth, with increased sales and improved gross margins, signaling potential recovery. The company expects significant cost savings and improved inventory management, positioning it for growth as macroeconomic conditions improve and rate cuts begin. With a focus on cost reduction and strategic investments, we rate Hooker Furnishings a buy at $15, anticipating better days ahead despite current challenges. Looking for more investing ideas like this one? Get them exclusively at BAD BEAT Investing. Learn More » AlpamayoPhoto Hooker Furnishings Corporation NASDAQ: HOFT ) is a manufacturer and importer of residential household and contract furniture for sale that we have covered often over the years. The company has struggled o
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HOFT
News
- The past year for Hooker Furnishings (NASDAQ:HOFT) investors has not been profitable [Yahoo! Finance]Yahoo! Finance
- Hooker Furnishings Co. (NASDAQ: HOFT) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Hooker Furnishings Co. (NASDAQ: HOFT) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Hooker Furnishings Co. (NASDAQ: HOFT) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Hooker Furnishings Co. (NASDAQ: HOFT) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
HOFT
Earnings
- 12/5/24 - Miss
HOFT
Sec Filings
- 2/13/25 - Form SCHEDULE
- 2/4/25 - Form 4
- 2/4/25 - Form 3
- HOFT's page on the SEC website