Hooker Furnishings Co. (NASDAQ:HOFT) Insider Buys $13,890.00 in Stock

Hooker Furnishings Co. (NASDAQ:HOFT – Get Rating) insider Anne J. Smith acquired 1,000 shares of the stock in a transaction on Monday, October 3rd. The shares were acquired at an average price of $13.89 per share, with a total value of $13,890.00. Following the transaction, the insider now directly owns 12,614 shares of the company’s stock, valued at $175,208.46. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Hooker Furnishings Trading Up 2.5 %

Shares of NASDAQ HOFT traded up $0.34 during trading hours on Tuesday, hitting $14.21. 872 shares of the company traded hands, compared to its average volume of 93,233. The company has a current ratio of 3.68, a quick ratio of 1.65 and a debt-to-equity ratio of 0.09. Hooker Furnishings Co. has a 12 month low of $13.27 and a 12 month high of $27.73. The stock has a market capitalization of $166.11 million, a price-to-earnings ratio of 47.83 and a beta of 0.91. The company’s 50 day moving average price is $15.60 and its 200 day moving average price is $16.59.

Hooker Furnishings (NASDAQ:HOFT – Get Rating) last released its earnings results on Thursday, September 8th. The company reported $0.46 EPS for the quarter. Hooker Furnishings had a return on equity of 1.34% and a net margin of 0.62%. The firm had revenue of $152.91 million for the quarter.

Hooker Furnishings Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Monday, September 19th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.63%. The ex-dividend date of this dividend was Friday, September 16th. Hooker Furnishings’s dividend payout ratio (DPR) is presently 275.86%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Hooker Furnishings from a “sell” rating to a “hold” rating in a research report on Friday, September 16th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP boosted its stake in shares of Hooker Furnishings by 595.0% during the first quarter. Quantbot Technologies LP now owns 1,390 shares of the company’s stock valued at $26,000 after purchasing an additional 1,190 shares in the last quarter. Amalgamated Bank bought a new stake in Hooker Furnishings during the 1st quarter valued at $28,000. BNP Paribas Arbitrage SA boosted its position in Hooker Furnishings by 62.7% during the 4th quarter. BNP Paribas Arbitrage SA now owns 4,884 shares of the company’s stock valued at $114,000 after acquiring an additional 1,883 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Hooker Furnishings by 39.7% in the 1st quarter. MetLife Investment Management LLC now owns 8,421 shares of the company’s stock valued at $159,000 after acquiring an additional 2,392 shares during the period. Finally, AQR Capital Management LLC bought a new position in shares of Hooker Furnishings in the 2nd quarter worth $250,000. Hedge funds and other institutional investors own 76.51% of the company’s stock.

About Hooker Furnishings

(Get Rating)

Hooker Furnishings Corporation designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. The company’s Hooker Branded segment offers design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand; and imported upholstered furniture under the Hooker Upholstery brand.

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