Why Hooker Furniture (HOFT) Stock Is Gaining Today

NEW YORK (TheStreet) -- Shares of Hooker Furniture Corp. (HOFT) are higher by 4.04% to $14.42 on Thursday following the company's 2015 first quarter results which showed a 9.1% increase in net sales to $61.4 million, compared to $56.3 million from the same period last year.

The home furnishings and logistics company posted a net income of $2.8 million, or 26 cents per share versus $2.1 million, or 20 cents per share from the 2014 first quarter.

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Separately, TheStreet Ratings team rates HOOKER FURNITURE CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate HOOKER FURNITURE CORP (HOFT) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."

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