Hooker Furniture Corporation (NASDAQ:HOFT) Director E Larry Ryder sold 1,758 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $46.67, for a total transaction of $82,045.86. Following the transaction, the director now directly owns 15,922 shares of the company’s stock, valued at $743,079.74. The sale was disclosed in a document filed with the SEC, which is available through this link.

E Larry Ryder also recently made the following trade(s):

  • On Monday, September 11th, E Larry Ryder sold 5,000 shares of Hooker Furniture Corporation stock. The stock was sold at an average price of $44.41, for a total transaction of $222,050.00.

Shares of Hooker Furniture Corporation (HOFT) opened at 47.75 on Friday. The firm has a 50-day moving average of $42.14 and a 200 day moving average of $40.27. The stock has a market capitalization of $552.52 million, a PE ratio of 18.51 and a beta of 0.62. Hooker Furniture Corporation has a 1-year low of $24.06 and a 1-year high of $48.05.

Hooker Furniture Corporation (NASDAQ:HOFT) last released its earnings results on Thursday, September 7th. The company reported $0.67 EPS for the quarter, beating the 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 business had revenue of $156.31 million during the quarter, compared to analyst estimates of $148.56 million. During the same period in the prior year, the business earned $0.46 earnings per share. The business’s quarterly revenue was up 14.8% on a year-over-year basis. On average, equities analysts anticipate that Hooker Furniture Corporation will post $2.78 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.01%. Hooker Furniture Corporation’s dividend payout ratio is currently 18.53%.

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Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Hooker Furniture Corporation by 4.2% during the second quarter. Vanguard Group Inc. now owns 478,708 shares of the company’s stock valued at $19,699,000 after acquiring an additional 19,505 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Hooker Furniture Corporation by 6.3% during the first quarter. Renaissance Technologies LLC now owns 423,327 shares of the company’s stock valued at $13,144,000 after acquiring an additional 24,962 shares during the period. Northern Trust Corp raised its holdings in shares of Hooker Furniture Corporation by 5.5% during the second quarter. Northern Trust Corp now owns 414,839 shares of the company’s stock valued at $17,070,000 after acquiring an additional 21,530 shares during the period. Punch & Associates Investment Management Inc. raised its holdings in shares of Hooker Furniture Corporation by 43.2% during the second quarter. Punch & Associates Investment Management Inc. now owns 288,685 shares of the company’s stock valued at $11,879,000 after acquiring an additional 87,040 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Hooker Furniture Corporation by 405.2% during the second quarter. JPMorgan Chase & Co. now owns 219,077 shares of the company’s stock valued at $9,015,000 after acquiring an additional 175,712 shares during the period. Institutional investors and hedge funds own 83.99% of the company’s stock.

Separately, BidaskClub cut shares of Hooker Furniture Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 18th.

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.

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

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