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Hooker Furnishings (HOFT) has 1 split in our HOFT split history database. The split for HOFT took place on February 02, 2004. This was a 2 for 1 split, meaning for each share of HOFT owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as Hooker Furnishings splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the HOFT split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Hooker Furnishings shares, starting with a $10,000 purchase of HOFT, presented on a split-history-adjusted basis factoring in the complete HOFT split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||5.92%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||5.97%|
|About Hooker Furnishings|
|Hooker Furnishings is a designer, marketer and importer of casegoods (wooden and metal furniture), leather furniture, fabric-upholstered furniture and outdoor furniture. Co. is organized into three reportable segments: Hooker Branded, which includes Hooker Casegoods that includes home entertainment, home office, accent, dining and bedroom furniture in the upper-medium price points sold under the Hooker Furniture brand; Home Meridian, which includes Accentrics Home that includes home furnishings centered around an eclectic mix of pieces and materials; and Domestic Upholstery, which includes Bradington-Young, a seating personnel in upscale motion and stationary leather furniture. According to our HOFT split history records, Hooker Furnishings has had 1 split.|
|HOFT Split History Table|
|02/02/2004||2 for 1|
|Consumer Stock Splits|
|HOFT is categorized under the Consumer sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: HOFT shares outstanding history
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