Hooker Furniture Co. (NASDAQ:HOFT) insider Anne J. Smith sold 1,200 shares of the stock in a transaction that occurred on Monday, January 11th. The shares were sold at an average price of $33.00, for a total transaction of $39,600.00. Following the transaction, the insider now owns 9,941 shares in the company, valued at approximately $328,053. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

HOFT opened at $32.95 on Thursday. Hooker Furniture Co. has a 1-year low of $12.30 and a 1-year high of $36.49. The company has a market capitalization of $391.68 million, a PE ratio of -31.68 and a beta of 0.80. The firm’s 50 day simple moving average is $32.27 and its two-hundred day simple moving average is $27.11.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, December 31st. Investors of record on Wednesday, December 16th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.19%. 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.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors purchased a new position in Hooker Furniture during the second quarter valued at $52,000. BNP Paribas Arbitrage SA grew its stake in shares of Hooker Furniture by 552.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,715 shares of the company’s stock worth $70,000 after buying an additional 2,299 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Hooker Furniture by 39.3% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 5,728 shares of the company’s stock worth $148,000 after buying 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 3rd quarter worth $204,000. Finally, Smith Salley & Associates purchased a new position in shares of Hooker Furniture in the 3rd quarter worth $236,000. 80.05% of the stock is owned by institutional investors.

A number of research analysts recently weighed in on the stock. ValuEngine downgraded shares of Hooker Furniture from a “hold” rating to a “sell” rating in a research report on Tuesday, December 1st. BidaskClub downgraded shares of Hooker Furniture from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 22nd.

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.

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