ETH - Defensive Investor Finds Hooker Furniture Attractive
Hooker Furniture Corporation (HOFT) was incorporated in Virginia in 1924, so it is celebrating its 95th year of operations as one of the nation's five largest publicly traded furniture sources. HOFT is a designer, marketer, and importer of casegoods (wood and metal furniture, leather furniture, and fabric upholstered furniture. It serves the residential, hospitality and contract (primarily senior housing) markets. With only 11.785 million shares outstanding, its market cap (based on a 4/26/2019 closing price of $29.03/share) is only $342.1 million, putting it a "below the radar" of many institutional investors, but larger