Hooker Furnishings: Losing Comfort As Margins Shrink (Ratings Downgrade) [Seeking Alpha]
Hooker Furnishings Corporation (HOFT)
US:NASDAQ Investor Relations:
investors.hookerfurniture.com
Company Research
Source: Seeking Alpha
Summary Hooker Furnishings faces declining sales, operational inefficiencies, and liquidity issues, leading to a downgrade to a 'Sell' rating despite recent cost-cutting measures. The company's stock has underperformed significantly, with a -10% total return since the 'Hold' rating, compared to S&P 500's 24% gain. Elevated debt, declining orders, and a high payout ratio raise concerns about the sustainability of Hooker's dividend and overall financial health. Despite some positive developments, such as cost reductions and slight revenue gains, the broader economic challenges and weak demand persist. AleksandarGeorgiev/E+ via Getty Images Thesis In June 2023, I initiated coverage of Hooker Furnishings (NASDAQ: NASDAQ: HOFT , examining its risks and potential, noting how it demonstrated some strengths by showing the ability to keep a lid on inventory, recover in its hospitality business, and move forward with expansion plans, along with significant challenges created by a
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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