Hooker Furniture Co. (NASDAQ:HOFT) SVP Anne Jacobsen sold 1,000 shares of the business’s stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $47.75, for a total value of $47,750.00. Following the completion of the transaction, the senior vice president now owns 5,317 shares in the company, valued at approximately $253,886.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

NASDAQ HOFT traded down $0.20 on Thursday, reaching $47.40. The stock had a trading volume of 332 shares, compared to its average volume of 65,259. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.55 and a quick ratio of 2.15. Hooker Furniture Co. has a 1 year low of $35.90 and a 1 year high of $52.75. The company has a market capitalization of $559.36 million, a P/E ratio of 17.02 and a beta of 0.45.

Hooker Furniture (NASDAQ:HOFT) last released its quarterly earnings results on Tuesday, June 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.13. The company had revenue of $142.89 million during the quarter. Hooker Furniture had a return on equity of 14.88% and a net margin of 4.90%.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, June 14th. This represents a $0.56 annualized dividend and a dividend yield of 1.18%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in HOFT. Wells Fargo & Company MN boosted its stake in shares of Hooker Furniture by 35.1% during the 4th quarter. Wells Fargo & Company MN now owns 76,387 shares of the company’s stock worth $3,243,000 after acquiring an additional 19,836 shares in the last quarter. Chartwell Investment Partners LLC lifted its position in shares of Hooker Furniture by 64.5% during the 4th quarter. Chartwell Investment Partners LLC now owns 128,114 shares of the company’s stock worth $5,438,000 after purchasing an additional 50,210 shares during the last quarter. BlackRock Inc. lifted its position in shares of Hooker Furniture by 1.5% during the 4th quarter. BlackRock Inc. now owns 722,712 shares of the company’s stock worth $30,678,000 after purchasing an additional 10,979 shares during the last quarter. Citadel Advisors LLC lifted its position in shares of Hooker Furniture by 40.1% during the 4th quarter. Citadel Advisors LLC now owns 10,721 shares of the company’s stock worth $455,000 after purchasing an additional 3,071 shares during the last quarter. Finally, First Interstate Bank lifted its position in shares of Hooker Furniture by 34.1% during the 4th quarter. First Interstate Bank now owns 7,153 shares of the company’s stock worth $304,000 after purchasing an additional 1,820 shares during the last quarter. Institutional investors own 87.69% of the company’s stock.

A number of brokerages have commented on HOFT. BidaskClub upgraded Hooker Furniture from a “sell” rating to a “hold” rating in a research note on Thursday, June 7th. ValuEngine upgraded Hooker Furniture from a “sell” rating to a “hold” rating in a research note on Wednesday, June 6th.

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.

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

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