Hooker Furniture Co. (NASDAQ:HOFT) CEO Paul B. Toms, Jr. sold 14,993 shares of the stock in a transaction on Friday, January 8th. The stock was sold at an average price of $31.17, for a total value of $467,331.81. Following the sale, the chief executive officer now directly owns 61,484 shares of the company’s stock, valued at $1,916,456.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

NASDAQ:HOFT opened at $32.95 on Thursday. The stock has a fifty day moving average price of $32.27 and a two-hundred day moving average price of $27.11. The stock has a market capitalization of $391.68 million, a price-to-earnings ratio of -31.68 and a beta of 0.80. Hooker Furniture Co. has a 1 year low of $12.30 and a 1 year high of $36.49.

Hooker Furniture (NASDAQ:HOFT) last released its quarterly earnings data on Wednesday, December 9th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.24. Hooker Furniture had a positive return on equity of 8.67% and a negative net margin of 2.17%.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 31st. Shareholders of record on Wednesday, December 16th were given a $0.18 dividend. This is a boost from Hooker Furniture’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, December 15th. This represents a $0.72 annualized dividend and a yield of 2.19%.

Large investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors purchased a new position in Hooker Furniture in the second quarter worth $52,000. BNP Paribas Arbitrage SA raised its position in Hooker Furniture by 552.6% in the third quarter. BNP Paribas Arbitrage SA now owns 2,715 shares of the company’s stock worth $70,000 after acquiring an additional 2,299 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in Hooker Furniture by 39.3% in the third quarter. O Shaughnessy Asset Management LLC now owns 5,728 shares of the company’s stock worth $148,000 after acquiring an additional 1,617 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Hooker Furniture in the third quarter valued at $204,000. Finally, Smith Salley & Associates purchased a new position in shares of Hooker Furniture in the third quarter valued at $236,000. Hedge funds and other institutional investors own 80.05% of the company’s stock.

Several brokerages recently weighed in on HOFT. BidaskClub downgraded Hooker Furniture from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 22nd. ValuEngine downgraded Hooker Furniture from a “hold” rating to a “sell” rating in a report on Tuesday, December 1st.

About Hooker Furniture

Hooker Furniture Corporation, together with its subsidiaries, designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. The company operates through three segments: Hooker Branded, Home Meridian, and Domestic Upholstery. The Hooker Branded segment offers a range of design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand name; and imported upholstered furniture under the Hooker Upholstery brand.

Featured Story: Forex

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