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home / news releases / HOFT - Hooker Furnishings: Weak Quarter Net Cash 44% Of Market Cap; Strong Backlog

HOFT - Hooker Furnishings: Weak Quarter Net Cash 44% Of Market Cap; Strong Backlog

Hooker Furnishings Corporation
  • Hooker had a poor quarter, with EPS missing expectations.
  • Still undervalued with an ex-cash P/E of 4.5x, with 44% net cash.
  • The sizable backlog is valued at $340 million.
  • Housing/furniture demand remains strong, although rising rates and economy are concerns.
  • Global logistics issues should ease in 2nd half of this year.

For further details see:

Hooker Furnishings: Weak Quarter, Net Cash 44% Of Market Cap; Strong Backlog
Stock Information
Company Name: Hooker Furnishings Corporation
Stock Symbol: HOFT
Market: NASDAQ
Website: hookerfurniture.com
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