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Hooker Furniture Corp. (HOFT) Files Quarterly Report for the Period Ended on 2008-11-02

December 15, 2008 | About:
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Hooker Furniture Corp. (HOFT) filed Quarterly Report for the period ended 2008-11-02.

Hooker Furniture Corporation is a leading manufacturer and importer of residential furniture primarily targeted at the upper-medium price range. The Company offers diversified products consisting primarily of home office entertainment centers imported occasional bedroom and wall systems across many style categories within this price range. Hooker Furniture Corp. has a market cap of $77.16 million; its shares were traded at around $6.95 with a P/E ratio of 5.6 and P/S ratio of 0.24. The dividend yield of Hooker Furniture Corp. stocks is 5.58%. Hooker Furniture Corp. had an annual average earning growth of 5.1% over the past 5 years.

Highlight of Business Operations:

In December 2007, the Company announced that its board of directors had authorized the repurchase up to $10 million of the Company s common stock. In April 2008, the Company announced that the board had increased that authorization by an additional $10 million, to $20 million. The Company completed these repurchases in August 2008. During the 2009 fiscal year the Company spent a total of $14.1 million, excluding commissions, to repurchase 800,000 shares of Company common stock under these authorizations at an average price of $17.62 per share.

Read the The complete Report

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