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

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

  • On Thursday, September 14th, George Revington sold 4,806 shares of Hooker Furniture Corporation stock. The stock was sold at an average price of $43.52, for a total value of $209,157.12.

Shares of Hooker Furniture Corporation (NASDAQ:HOFT) opened at 43.60 on Friday. The firm’s 50-day moving average price is $41.99 and its 200-day moving average price is $40.00. The firm has a market capitalization of $504.50 million, a price-to-earnings ratio of 16.91 and a beta of 0.62. Hooker Furniture Corporation has a 12 month low of $24.06 and a 12 month high of $46.60.

Hooker Furniture Corporation (NASDAQ:HOFT) last announced its quarterly earnings results on Thursday, September 7th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. Hooker Furniture Corporation had a return on equity of 15.28% and a net margin of 4.94%. The company had revenue of $156.31 million during the quarter, compared to the consensus estimate of $148.56 million. During the same period in the prior year, the company earned $0.46 earnings per share. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, equities analysts anticipate that Hooker Furniture Corporation will post $2.78 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.12 dividend. The ex-dividend date of this dividend 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 currently 18.53%.

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Institutional investors have recently made changes to their positions in the business. Legal & General Group Plc increased its holdings in shares of Hooker Furniture Corporation by 40.0% in the second quarter. Legal & General Group Plc now owns 2,424 shares of the company’s stock worth $100,000 after acquiring an additional 693 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Hooker Furniture Corporation by 455.0% in the second quarter. Bank of Montreal Can now owns 4,645 shares of the company’s stock worth $191,000 after acquiring an additional 3,808 shares in the last quarter. American International Group Inc. increased 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 worth $217,000 after acquiring an additional 464 shares in the last quarter. First Interstate Bank increased 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 worth $219,000 after acquiring an additional 115 shares in the last quarter. Finally, Gotham Asset Management LLC bought a new stake in shares of Hooker Furniture Corporation in the second quarter worth about $229,000. Institutional investors own 83.99% of the company’s stock.

Separately, BidaskClub upgraded Hooker Furniture Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th.

Hooker Furniture Corporation Company Profile

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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