Hooker Furniture (NASDAQ:HOFT) announced its earnings results on Thursday. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04, MarketWatch Earnings reports. The business had revenue of $171.47 million during the quarter. Hooker Furniture had a net margin of 5.16% and a return on equity of 15.19%.

NASDAQ:HOFT opened at $27.87 on Friday. The company has a quick ratio of 1.99, a current ratio of 3.64 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $341.42 million, a PE ratio of 9.53 and a beta of 0.37. Hooker Furniture has a one year low of $27.24 and a one year high of $49.85.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 17th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.15%. This is a positive change from Hooker Furniture’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 14th.

A number of equities research analysts have weighed in on HOFT shares. TheStreet lowered shares of Hooker Furniture from a “b” rating to a “c+” rating in a research note on Friday, October 26th. Sidoti upgraded shares of Hooker Furniture from a “neutral” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Wednesday, October 3rd. BidaskClub upgraded shares of Hooker Furniture from a “strong sell” rating to a “sell” rating in a research note on Monday, August 13th. Finally, ValuEngine lowered Hooker Furniture from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th.

In related news, insider Donald Lee Boone acquired 1,000 shares of Hooker Furniture stock in a transaction dated Friday, September 28th. The stock was purchased at an average cost of $33.90 per share, for a total transaction of $33,900.00. Following the purchase, the insider now directly owns 1,000 shares of the company’s stock, valued at approximately $33,900. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.50% of the company’s stock.

Several large investors have recently bought and sold shares of HOFT. Paradigm Capital Management Inc. NY purchased a new stake in shares of Hooker Furniture in the 2nd quarter worth $8,128,000. Millennium Management LLC increased its stake in shares of Hooker Furniture by 941.2% in the 2nd quarter. Millennium Management LLC now owns 88,858 shares of the company’s stock worth $4,167,000 after purchasing an additional 80,324 shares in the last quarter. NWQ Investment Management Company LLC increased its stake in Hooker Furniture by 4.5% in the 3rd quarter. NWQ Investment Management Company LLC now owns 1,454,712 shares of the company’s stock worth $43,161,000 after buying an additional 63,170 shares in the last quarter. BlackRock Inc. increased its stake in Hooker Furniture by 7.3% in the 2nd quarter. BlackRock Inc. now owns 771,278 shares of the company’s stock worth $36,173,000 after buying an additional 52,659 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in Hooker Furniture in the 3rd quarter worth $1,313,000. Hedge funds and other institutional investors own 86.67% of the company’s stock.

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Hooker Furniture Company Profile

Hooker Furniture Corporation, together with its subsidiaries, designs, manufactures, imports, and markets residential household furniture products in the United States. It operates through Hooker Branded, Home Meridian, and All Other segments. The Hooker Branded segment offers a range of design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand name; and imported upholstered furniture.

Read More: Price to Earnings Ratio (PE) Basics

Earnings History for Hooker Furniture (NASDAQ:HOFT)

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