Richard Pzena's Strategic Acquisition of Hooker Furnishings Corp Shares
On June 30, 2026, Richard Pzena (Trades, Portfolio) executed a significant stock transaction involving Hooker Furnishings Corp (HOFT). The transaction saw the a

Hooker Furnishings Corporation is a diversified furniture company involved in the design, production, sourcing, and distribution of a broad spectrum of furniture. ...
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Est. EPS $-0.02
Est. EPS $0.35 · Revenue $81.53M · 2 analysts
Est. EPS $0.77 · Revenue $297.05M · 2 analysts
Est. EPS $0.35 · Revenue $82.34M · 1 analysts
$0.69 per share
$0.69 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $305.2M | -23.2% | +3.7% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-27.0M | -115.6% | +97.9% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +24.3% | +8.8% | -3.8% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | -7.7% | -70.3% | +142.0% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -8.8% | -180.8% | +90.9% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $17.2M | +166.0% | +540.4% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +5.6% | +185.9% | +524.8% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 16.6% | -51.7% | -16.2% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 3.37x | -4.6% | -8.3% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $225.9M | -28.0% | -1.2% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -2.54 vs -1.44 | -76.4% | 0.10 vs -0.07 | +251.4% |
| Revenue Surprise | $305.2M vs $312.3M | -2.3% | $69.5M vs $66.3M | +4.7% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jul 1, 2026 | Vest Richard L II | officer: President Dom Uph &Hospitality | Restricted Stock Unit (RSU) | A | 4,454 | — |
| Jul 1, 2026 | Tilley Adam G | officer: President of Hooker Branded | Restricted Stock Unit (RSU) | A | 4,454 | — |
| Jun 12, 2026 | Taaffe Ellen | director | Common Stock | A | 5,863 | — |
| Jun 12, 2026 | Jackson Tonya Harris | director | Common Stock | A | 5,863 | — |
| Jun 12, 2026 | Huckfeldt Paul A | director | Common Stock | A | 5,863 | — |
Operator Good day, and thank you for standing by. Welcome to the Hooker Furnishings first quarter 2027 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during this session, you'll need to press star 1-1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1-1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Earl Armstrong, Senior Vice President and Chief Financial Officer. Sir, please go ahead. Earl Armstrong Thank you, Michelle, and good morning, everyone. Welcome to our quarterly conference call to review financial results for the fiscal 2027 first quarter. Our 2027 first quarter began on February 2nd, 2026 and ended on May 3rd, 2026. Joining me today is Jeremy Hoff, our Chief Executive Officer. We appreciate your participation. During our call, we may make Forward-Looking statements which are subject to risks and uncertainties. A discussion of factors that could cause our actual results to differ materially from management's expectations is contained in our press release and SEC filing announcing our fiscal 2027 first quarter results. Any Forward-Looking statement speaks only as of today, and we undertake no obligation to update or revise any Forward-Looking statement to reflect events or circumstances after today's call. Despite continued weakness in the housing market, soft retail demand for furniture and home Furnishings, and persistent macroeconomic challenges, we delivered net income of $1.1 million for the quarter, reflecting the benefits of our cost reduction initiatives, improved gross margin performance, and ongoing progress toward a leaner, higher-margin operating model. Consolidated net sales decreased $1.7 million, or 2.4% compared to the prior year period. The decrease was primarily driven by lower sales on the Hooker Branded and Domestic Upholstery segments, partially offset by higher shipments in the all-leather components hospitality business. Despite the sales decrease, profitability improved significantly. The consolidated gross profit increased by $2.7 million, while gross margin improved 440 basis points compared to the prior year period. This improvement was primarily driven by stronger profitability and Hooker branding. For the quarter, the company generated operating income of 1.6 million compared to an operating loss of 498,000 in the prior year period, representing a $2.1 million improvement. Consolidated net income was 1.1 million or 10 cents per diluted share. These results reflect the benefit of improved gross margin, prior cost reduction initiatives, and our continued focus on building a more efficient and profitable business model. Now I'll turn the call over to Jeremy for his comments on our fiscal 2027 first …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Jeremy R. Hoff | Chief Executive Officer & Director | USD 694,789 | Male | 1973 | Active |
C. Earl Armstrong | CFO, Principal Financial & Accounting Officer and Senior VP of Finance | USD 389,889 | Male | 1972 | Active |
Johne Albanese | Chief Marketing Officer | — | Male | — | Active |
Donna S. Adams | Secretary | — | — | — | Active |
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