Hooker Furniture Corporation (NASDAQ:HOFT) COO George Revington sold 10,000 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $44.47, for a total transaction of $444,700.00. Following the completion of the transaction, the chief operating officer now owns 35,451 shares in the company, valued at approximately $1,576,505.97. The sale was disclosed in a filing 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 transaction of $209,157.12.
  • On Wednesday, September 13th, George Revington sold 5,194 shares of Hooker Furniture Corporation stock. The stock was sold at an average price of $43.52, for a total transaction of $226,042.88.

Shares of Hooker Furniture Corporation (NASDAQ:HOFT) traded up 0.22% during trading on Tuesday, reaching $44.75. 3,228 shares of the company traded hands. Hooker Furniture Corporation has a 1-year low of $24.06 and a 1-year high of $46.60. The company has a market capitalization of $517.80 million, a price-to-earnings ratio of 17.35 and a beta of 0.62. The stock’s 50 day moving average is $42.06 and its 200 day moving average is $40.18.

Hooker Furniture Corporation (NASDAQ:HOFT) last issued its quarterly earnings data on Thursday, September 7th. The company reported $0.67 earnings per share for the quarter, beating the Zacks’ 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 analysts’ expectations of $148.56 million. During the same quarter in the previous year, the business earned $0.46 earnings per share. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, analysts forecast 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. Shareholders of record on Friday, September 15th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Thursday, September 14th. Hooker Furniture Corporation’s dividend payout ratio is currently 18.53%.

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A number of hedge funds and other institutional investors have recently modified their holdings of HOFT. Legal & General Group Plc lifted its stake in Hooker Furniture Corporation by 40.0% in the second quarter. Legal & General Group Plc now owns 2,424 shares of the company’s stock valued at $100,000 after buying an additional 693 shares during the last quarter. Bank of Montreal Can lifted its stake in Hooker Furniture Corporation by 455.0% in the second quarter. Bank of Montreal Can now owns 4,645 shares of the company’s stock valued at $191,000 after buying an additional 3,808 shares during the last quarter. American International Group Inc. lifted its stake in 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 last quarter. First Interstate Bank lifted its stake in 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 last quarter. Finally, Gotham Asset Management LLC purchased a new stake in Hooker Furniture Corporation in the second quarter valued at approximately $229,000. Institutional investors own 83.99% of the company’s stock.

Separately, BidaskClub upgraded shares of Hooker Furniture Corporation from a “hold” rating to a “buy” rating in a 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.

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

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