Hooker Furniture (NASDAQ:HOFT) announced its earnings results on Thursday. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.04), Briefing.com reports. Hooker Furniture had a return on equity of 15.26% and a net margin of 4.96%. The company had revenue of $157.90 million for the quarter, compared to analyst estimates of $160.02 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. Hooker Furniture’s revenue for the quarter was up 8.7% on a year-over-year basis.

Hooker Furniture (NASDAQ HOFT) opened at $44.52 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 4.08. The stock has a market cap of $541.08, a P/E ratio of 17.56 and a beta of 0.64. Hooker Furniture has a 12-month low of $29.75 and a 12-month high of $52.75.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 18th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.26%. This is a positive change from Hooker Furniture’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, December 15th. Hooker Furniture’s dividend payout ratio is presently 18.53%.

In related news, insider Michael W. Delgatti sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $43.03, for a total transaction of $430,300.00. Following the completion of the sale, the insider now directly owns 28,425 shares of the company’s stock, valued at $1,223,127.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael W. Delgatti sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $43.58, for a total transaction of $217,900.00. Following the sale, the insider now directly owns 33,525 shares of the company’s stock, valued at $1,461,019.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,607 shares of company stock valued at $2,506,409. 2.90% of the stock is currently owned by insiders.

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

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Hooker Furniture 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.

Earnings History for Hooker Furniture (NASDAQ:HOFT)

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