Hooker Furniture Corporation (NASDAQ:HOFT) Director David G. Sweet sold 2,499 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $43.98, for a total transaction of $109,906.02. Following the completion of the transaction, the director now owns 11,416 shares of the company’s stock, valued at $502,075.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Hooker Furniture Corporation (NASDAQ:HOFT) opened at 45.85 on Friday. The stock’s 50 day moving average is $42.14 and its 200 day moving average is $40.27. The company has a market capitalization of $530.53 million, a P/E ratio of 17.78 and a beta of 0.62. Hooker Furniture Corporation has a 52 week low of $24.06 and a 52 week high of $46.70.

Hooker Furniture Corporation (NASDAQ:HOFT) last released its quarterly earnings results on Thursday, September 7th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $156.31 million during the quarter, compared to analysts’ expectations of $148.56 million. During the same period in the previous year, the company earned $0.46 EPS. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, equities research analysts expect that Hooker Furniture Corporation will post $2.78 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.05%. Hooker Furniture Corporation’s dividend payout ratio is presently 18.53%.

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Several hedge funds have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd boosted its stake in shares of Hooker Furniture Corporation by 40.3% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 13,480 shares of the company’s stock worth $555,000 after purchasing an additional 3,869 shares during the period. Sterling Capital Management LLC purchased a new position in shares of Hooker Furniture Corporation during the 2nd quarter worth about $787,000. Delphi Management Inc. MA boosted its stake in shares of Hooker Furniture Corporation by 49.4% during the 2nd quarter. Delphi Management Inc. MA now owns 26,832 shares of the company’s stock worth $1,104,000 after purchasing an additional 8,874 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Hooker Furniture Corporation by 2.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,287 shares of the company’s stock worth $383,000 after purchasing an additional 187 shares during the period. Finally, State Street Corp boosted its stake in shares of Hooker Furniture Corporation by 8.9% during the 2nd quarter. State Street Corp now owns 199,373 shares of the company’s stock worth $8,202,000 after purchasing an additional 16,234 shares during the period. 83.99% of the stock is owned by hedge funds and other institutional investors.

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

Hooker Furniture Corporation Company Profile

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.

Insider Buying and Selling by Quarter for Hooker Furniture Corporation (NASDAQ:HOFT)

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