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3 Stocks Raising The Consumer Durables Industry Higher

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices traded up today with the Dow Jones Industrial Average ( ^DJI) trading up 81 points (0.5%) at 16,920 as of Tuesday, Aug. 19, 2014, 4:20 PM ET. The NYSE advances/declines ratio sits at 1,954 issues advancing vs. 1,082 declining with 162 unchanged.

The Consumer Durables industry as a whole closed the day up 0.7% versus the S&P 500, which was up 0.5%. Top gainers within the Consumer Durables industry included Entertainment Gaming Asia ( EGT), up 3.6%, Global-Tech Advanced Innovations ( GAI), up 1.6%, Marine Products ( MPX), up 1.6%, Hooker Furniture ( HOFT), up 1.9% and Black Diamond ( BDE), up 10.7%.

TheStreet Ratings Group would like to highlight 3 stocks pushing the industry higher today:

Hooker Furniture ( HOFT) is one of the companies that pushed the Consumer Durables industry higher today. Hooker Furniture was up $0.28 (1.9%) to $14.88 on light volume. Throughout the day, 19,960 shares of Hooker Furniture exchanged hands as compared to its average daily volume of 60,200 shares. The stock ranged in a price between $14.71-$14.94 after having opened the day at $14.71 as compared to the previous trading day's close of $14.60.

Hooker Furniture Corporation, a home furnishings marketing, design, and logistics company, together with its subsidiaries, designs, imports, manufactures, and markets residential household furniture products principally in North America. Hooker Furniture has a market cap of $158.4 million and is part of the consumer goods sector. Shares are down 11.7% year-to-date as of the close of trading on Monday. Currently there are no analysts who rate Hooker Furniture a buy, no analysts rate it a sell, and 1 rates it a hold.

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TheStreet Ratings rates Hooker Furniture as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from TheStreet Ratings analysis on HOFT go as follows:

  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Household Durables industry. The net income increased by 31.9% when compared to the same quarter one year prior, rising from $2.13 million to $2.80 million.
  • Despite its growing revenue, the company underperformed as compared with the industry average of 9.3%. Since the same quarter one year prior, revenues slightly increased by 9.1%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • HOFT has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with this, the company maintains a quick ratio of 4.51, which clearly demonstrates the ability to cover short-term cash needs.
  • Net operating cash flow has significantly increased by 150.46% to $10.00 million when compared to the same quarter last year. In addition, HOOKER FURNITURE CORP has also vastly surpassed the industry average cash flow growth rate of 39.67%.

You can view the full analysis from the report here: Hooker Furniture Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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