Hooker Furniture Corporation (NASDAQ:HOFT) insider Michael W. Delgatti sold 5,000 shares of Hooker Furniture Corporation stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $43.58, for a total transaction of $217,900.00. Following the transaction, the insider now owns 33,525 shares in the company, valued at approximately $1,461,019.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Hooker Furniture Corporation (NASDAQ HOFT) traded up 0.35% during trading on Wednesday, hitting $43.60. 106,922 shares of the company traded hands. Hooker Furniture Corporation has a one year low of $24.06 and a one year high of $46.60. The firm has a 50 day moving average of $41.99 and a 200 day moving average of $39.87. The firm has a market cap of $504.50 million, a P/E ratio of 16.91 and a beta of 0.62.

Hooker Furniture Corporation (NASDAQ:HOFT) last announced its quarterly earnings results on Thursday, September 7th. The company reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.06. Hooker Furniture Corporation had a net margin of 4.94% and a return on equity of 15.28%. The company had revenue of $156.31 million for the quarter, compared to analyst estimates of $148.56 million. During the same quarter in the prior year, the business posted $0.46 EPS. Hooker Furniture Corporation’s quarterly revenue was up 14.8% on a year-over-year basis. On average, analysts expect that Hooker Furniture Corporation will post $2.78 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.48 annualized dividend and a dividend yield of 1.10%. Hooker Furniture Corporation’s dividend payout ratio (DPR) is 18.53%.

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Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Hooker Furniture Corporation by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 459,203 shares of the company’s stock worth $14,258,000 after purchasing an additional 35,153 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Hooker Furniture Corporation by 24.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 7,862 shares of the company’s stock worth $244,000 after purchasing an additional 1,533 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Hooker Furniture Corporation by 6.3% during the 1st quarter. Renaissance Technologies LLC now owns 423,327 shares of the company’s stock worth $13,144,000 after purchasing an additional 24,962 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Hooker Furniture Corporation by 8.2% during the 1st quarter. Bank of New York Mellon Corp now owns 101,569 shares of the company’s stock worth $3,154,000 after purchasing an additional 7,737 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Hooker Furniture Corporation by 178.6% during the 1st quarter. Russell Investments Group Ltd. now owns 16,380 shares of the company’s stock worth $508,000 after purchasing an additional 10,501 shares during the last quarter. Institutional investors own 83.99% of the company’s stock.

Separately, BidaskClub upgraded shares of Hooker Furniture Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 13th.

About Hooker Furniture Corporation

Hooker Furniture Corporation is a home furnishings marketing, design and logistics company offering sourcing of residential casegoods and upholstery, as well as domestically-produced leather and fabric-upholstered furniture. The Company operates through three segments: casegoods furniture, upholstered furniture and all other.

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