Hooker Furniture Corporation (NASDAQ:HOFT) COO George Revington sold 5,194 shares of Hooker Furniture Corporation stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $43.52, for a total value of $226,042.88. Following the transaction, the chief operating officer now owns 54,951 shares of the company’s stock, valued at approximately $2,391,467.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Hooker Furniture Corporation (HOFT) traded up 0.23% during trading on Thursday, hitting $43.70. The company had a trading volume of 58,443 shares. The firm has a market capitalization of $505.65 million, a P/E ratio of 16.94 and a beta of 0.62. The stock’s 50-day moving average is $41.99 and its 200 day moving average is $39.87. Hooker Furniture Corporation has a 52-week low of $24.06 and a 52-week high of $46.60.

Hooker Furniture Corporation (NASDAQ:HOFT) last announced its earnings results on Thursday, September 7th. The company reported $0.67 earnings per share for the quarter, topping 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 the consensus estimate of $148.56 million. During the same quarter in the prior year, the firm earned $0.46 earnings per share. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. Equities research analysts predict that Hooker Furniture Corporation will post $2.78 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.12 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.48 dividend on an annualized basis and a yield of 1.10%. Hooker Furniture Corporation’s payout ratio is currently 18.53%.

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

A number of large investors have recently made changes to their positions in HOFT. Russell Investments Group Ltd. lifted its position in Hooker Furniture Corporation by 178.6% in the first quarter. Russell Investments Group Ltd. now owns 16,380 shares of the company’s stock valued at $508,000 after purchasing an additional 10,501 shares during the period. State Board of Administration of Florida Retirement System lifted its position in Hooker Furniture Corporation by 24.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 7,862 shares of the company’s stock valued at $244,000 after purchasing an additional 1,533 shares during the period. US Bancorp DE lifted its position in Hooker Furniture Corporation by 2.2% in the first quarter. US Bancorp DE now owns 28,019 shares of the company’s stock valued at $870,000 after purchasing an additional 593 shares during the period. Bank of New York Mellon Corp lifted its position in Hooker Furniture Corporation by 8.2% in the first quarter. Bank of New York Mellon Corp now owns 101,569 shares of the company’s stock valued at $3,154,000 after purchasing an additional 7,737 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in Hooker Furniture Corporation by 8.3% in the first quarter. Ameriprise Financial Inc. now owns 149,037 shares of the company’s stock valued at $4,627,000 after purchasing an additional 11,481 shares during the period. Hedge funds and other institutional investors own 83.99% of the company’s stock.

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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