(Nasdaq:HOFT) Hooker Furniture Corporation Dips To New 52 Week Low

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Hooker Furniture Corporation (Nasdaq:HOFT)

October 17th, 2018

Amidst falling markets Hooker Furniture Corporation finished Wednesday’s trading session down 3.40%, a $1.10 decrease to close on $31.29. As well as the drop in value, Hooker Furniture Corporation hit a new 52 week low of $31.01, breaking the previous low of $31.14 from earlier this month.

HOFT was outperformed by the rest of the Consumer Discretionary sector which went down just 0.69%.

Results from 1 analyst suggest that Hooker Furniture Corporation might grow significantly (33%), while Finbox has calculated (with low uncertainty) a fair value price of $48.74.

Market Sectors

The market sectors were mixed Wednesday with a majority of the sectors trending down. Financials saw the biggest increase of the day (0.91%), while Materials saw the biggest drop (0.83%). Information Technology has seen the biggest year-to-date gain at 14%. The biggest loss this year has been the Materials sector declining 9.77%.

Financials saw the biggest turnaround from its 5-day performance of -4.77%, as it went up 0.91%.

Sector Breakdown

  • Financials went up with a 0.91% change.
  • Communication Services went up with a 0.51% change.
  • Healthcare went up with a 0.48% change.
  • Consumer Staples went up with a 0.48% change.
  • Utilities went down with a -0.15% change.
  • Real Estate went down with a -0.23% change.
  • Information Technology went down with a -0.47% change.
  • Industrials went down with a -0.67% change.
  • Energy went down with a -0.69% change.
  • Consumer Discretionary went down with a -0.69% change.
  • Materials went down with a -0.83% change.

Hooker Furniture Corporation Info

Hooker Furniture Corporation, together with its subsidiaries, designs, manufactures, imports, and markets residential household furniture products in the United States. It operates through Hooker Branded, Home Meridian, and All Other segments. The Hooker Branded segment offers a range of design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand name; and imported upholstered furniture. The Home Meridian segment provides home furnishings under the Accentrics Home brand; a range of bedroom, dining room, accent, display cabinet, home office, and youth furnishings under the Pulaski Furniture and Samuel Lawrence Furniture brand names; and leather motion upholstery under the Prime Resources brand, as well as designs and supplies hotel furnishings for four and five-star hotels under the Samuel Lawrence Hospitality brand name. The All Other segment offers motion and stationary leather furniture under the Bradington-Young brand; occasional chairs, settees, sofas, and sectional seating under the Sam Moore Furniture brand name; and upholstered furniture, such as private label sectionals, modulars, sofas, chairs, ottomans, benches, beds, and dining chairs for lifestyle specialty retailers under the Shenandoah Furniture brand. This segment also supplies upholstered seating and case goods under the H Contract brand name. The company’s home furnishings products are sold through retailers comprising independent furniture stores, department stores, mass merchants, national chains, warehouse clubs, catalog merchants, interior designers, and e-commerce retailers. Hooker Furniture Corporation was founded in 1924 and is headquartered in Martinsville, Virginia.

All amounts in USD unless otherwise indicated

HOFT daily update
HOFT daily update

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