Stonegate Initiates Coverage on Hooker Furniture Corporation (HOFT)

Rhea-AI Summary

Stonegate Capital Partners initiates coverage on Hooker Furniture Corporation (NASDAQ: HOFT). Balanced inventory levels and a strong dividend yield of 4.7% are positive factors. The new acquisition of BOBO Intriguing Objects provides growth opportunities.

Positive

• Balanced inventory levels
• Strong dividend yield of 4.7%
• New acquisition of BOBO Intriguing Objects

Negative

• None.

Dallas, Texas--(Newsfile Corp. - September 13, 2023) - Hooker Furniture Corporation (NASDAQ: HOFT): Stonegate Capital Partners initiates their coverage on Hooker Furniture Corporation (NASDAQ: HOFT).

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

• Inventory levels have been balanced
• Strong dividend yield of 4.7%
• New acquisition of BOBO Intriguing Objects

Click image above to view full announcement.

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About Stonegate

Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies.

Contacts:

Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com

Source: Stonegate, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/180415