Hooker Furniture Corporation (NASDAQ:HOFT) COO George Revington sold 4,806 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $43.52, for a total value of $209,157.12. Following the completion of the transaction, the chief operating officer now owns 45,251 shares of the company’s stock, valued at approximately $1,969,323.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

George Revington also recently made the following trade(s):

  • On Wednesday, September 13th, George Revington sold 5,194 shares of Hooker Furniture Corporation stock. The shares were sold at an average price of $43.52, for a total value of $226,042.88.

Hooker Furniture Corporation (NASDAQ HOFT) remained flat at $43.60 during mid-day trading on Friday. The stock had a trading volume of 122,184 shares. The stock’s 50 day moving average is $41.99 and its 200-day moving average is $39.92. Hooker Furniture Corporation has a 1-year low of $24.06 and a 1-year high of $46.60. The firm has a market cap of $504.50 million, a price-to-earnings ratio of 16.91 and a beta of 0.62.

Hooker Furniture Corporation (NASDAQ:HOFT) last announced its quarterly earnings data on Thursday, September 7th. The company reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.06. The business had revenue of $156.31 million during the quarter, compared to analyst estimates of $148.56 million. Hooker Furniture Corporation had a return on equity of 15.28% and a net margin of 4.94%. The company’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 earnings per share. On average, equities research analysts predict that Hooker Furniture Corporation will post $2.78 EPS for the current year.

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

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

Several institutional investors have recently made changes to their positions in the company. Alps Advisors Inc. lifted its holdings in shares of Hooker Furniture Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 15,522 shares of the company’s stock valued at $639,000 after buying an additional 41 shares during the period. First Interstate Bank lifted its holdings in shares of Hooker Furniture Corporation by 2.2% in the second quarter. First Interstate Bank now owns 5,333 shares of the company’s stock valued at $219,000 after buying an additional 115 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Hooker Furniture Corporation by 2.1% in the second quarter. The Manufacturers Life Insurance Company now owns 9,287 shares of the company’s stock valued at $383,000 after buying an additional 187 shares during the period. American International Group Inc. lifted its holdings in shares of Hooker Furniture Corporation by 7.1% in the first quarter. American International Group Inc. now owns 6,988 shares of the company’s stock valued at $217,000 after buying an additional 464 shares during the period. Finally, US Bancorp DE raised its position in shares of Hooker Furniture Corporation by 2.2% during the first quarter. US Bancorp DE now owns 28,019 shares of the company’s stock worth $870,000 after purchasing an additional 593 shares during the period. Institutional investors and hedge funds 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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