Insider Selling: Hooker Furniture Co. (HOFT) Director Sells $129,802.60 in Stock

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Hooker Furniture Co. (NASDAQ:HOFT) Director E Larry Ryder sold 2,693 shares of the business’s stock in a transaction that occurred on Tuesday, June 26th. The stock was sold at an average price of $48.20, for a total transaction of $129,802.60. Following the sale, the director now owns 13,625 shares of the company’s stock, valued at $656,725. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Hooker Furniture opened at $46.90 on Friday, MarketBeat Ratings reports. The firm has a market capitalization of $557.01 million, a PE ratio of 16.95 and a beta of 0.45. The company has a quick ratio of 2.12, a current ratio of 3.52 and a debt-to-equity ratio of 0.15. Hooker Furniture Co. has a twelve month low of $35.90 and a twelve month high of $52.75.

Hooker Furniture (NASDAQ:HOFT) last announced its earnings results on Tuesday, June 5th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.13. The business had revenue of $142.89 million during the quarter. Hooker Furniture had a net margin of 4.90% and a return on equity of 14.63%.

The company also recently announced a quarterly dividend, which was paid on Friday, June 29th. Stockholders of record on Friday, June 15th were paid a $0.14 dividend. The ex-dividend date was Thursday, June 14th. This represents a $0.56 annualized dividend and a dividend yield of 1.19%.

HOFT has been the subject of several research reports. BidaskClub upgraded shares of Hooker Furniture from a “sell” rating to a “hold” rating in a research note on Wednesday, March 14th. ValuEngine upgraded shares of Hooker Furniture from a “sell” rating to a “hold” rating in a research note on Wednesday, June 6th.

Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of Hooker Furniture in the first quarter valued at $104,000. Brandywine Global Investment Management LLC purchased a new position in shares of Hooker Furniture in the fourth quarter valued at $192,000. Jefferies Group LLC purchased a new position in shares of Hooker Furniture in the fourth quarter valued at $206,000. MetLife Investment Advisors LLC purchased a new position in shares of Hooker Furniture in the fourth quarter valued at $231,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Hooker Furniture in the first quarter valued at $236,000. Institutional investors and hedge funds own 87.25% of the company’s stock.

About Hooker Furniture

Hooker Furniture Corporation, together with its subsidiaries, designs, manufactures, imports, and markets residential household furniture products in the United States. It operates through Hooker Branded, Home Meridian, and All Other segments. 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.

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

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