Media coverage about Hooker Furniture Corporation (NASDAQ:HOFT) has been trending somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hooker Furniture Corporation earned a news impact score of 0.10 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.5762356440044 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

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

Shares of Hooker Furniture Corporation (NASDAQ:HOFT) traded down $0.75 during midday trading on Thursday, reaching $48.05. The company’s stock had a trading volume of 38,600 shares, compared to its average volume of 63,749. The stock has a market capitalization of $565.42, a price-to-earnings ratio of 18.56 and a beta of 0.64. The company has a current ratio of 4.08, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19. Hooker Furniture Corporation has a 52 week low of $26.60 and a 52 week high of $50.53.

Hooker Furniture Corporation (NASDAQ:HOFT) last announced its earnings results on Thursday, September 7th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The company had revenue of $156.31 million for 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 firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 earnings per share.

In other news, insider Michael W. Delgatti sold 10,000 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $43.03, for a total transaction of $430,300.00. Following the sale, the insider now owns 28,425 shares of the company’s stock, valued at $1,223,127.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO George Revington sold 5,194 shares of the company’s stock in a transaction on 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 directly owns 54,951 shares in the company, valued at approximately $2,391,467.52. The disclosure for this sale can be found here. Insiders have sold 56,607 shares of company stock worth $2,506,409 in the last ninety days. Corporate insiders own 2.90% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another site, it was illegally copied and republished in violation of US & international copyright law. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/11/23/somewhat-favorable-press-coverage-somewhat-unlikely-to-affect-hooker-furniture-corporation-hoft-stock-price.html.

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)

Receive News & Stock Ratings for Hooker Furniture Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hooker Furniture Corporation and related stocks with our FREE daily email newsletter.