Hooker Furniture Co. (HOFT) to Issue Quarterly Dividend of $0.15

Hooker Furniture Co. (NASDAQ:HOFT) declared a quarterly dividend on Friday, June 7th, Wall Street Journal reports. Shareholders of record on Monday, June 17th will be given a dividend of 0.15 per share on Sunday, June 30th. This represents a $0.60 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Friday, June 14th.

Hooker Furniture has increased its dividend by an average of 12.5% per year over the last three years and has raised its dividend annually for the last 3 consecutive years.

HOFT stock opened at $26.38 on Friday. The company has a current ratio of 3.65, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. Hooker Furniture has a twelve month low of $24.85 and a twelve month high of $49.85. The firm has a market cap of $310.76 million, a price-to-earnings ratio of 7.86 and a beta of 0.64.

Hooker Furniture (NASDAQ:HOFT) last posted its quarterly earnings data on Tuesday, April 16th. The company reported $1.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.19. Hooker Furniture had a net margin of 5.83% and a return on equity of 16.08%. The business had revenue of $200.48 million for the quarter.

A number of analysts have recently issued reports on the stock. BidaskClub raised shares of Hooker Furniture from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. ValuEngine lowered shares of Hooker Furniture from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Finally, TheStreet raised shares of Hooker Furniture from a “c+” rating to a “b” rating in a research note on Tuesday, April 30th.

In related news, Director W Christopher Beeler, Jr. bought 3,500 shares of the stock in a transaction dated Wednesday, April 24th. The stock was purchased at an average cost of $28.32 per share, with a total value of $99,120.00. Following the completion of the purchase, the director now owns 35,876 shares of the company’s stock, valued at $1,016,008.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Henry G. Williamson, Jr. bought 8,000 shares of the stock in a transaction dated Monday, April 22nd. The shares were bought at an average cost of $28.13 per share, with a total value of $225,040.00. Following the completion of the purchase, the director now directly owns 38,941 shares of the company’s stock, valued at approximately $1,095,410.33. The disclosure for this purchase can be found here. Insiders have bought 14,000 shares of company stock valued at $395,545 over the last three months. Insiders own 2.20% of the company’s stock.

An institutional investor recently raised its position in Hooker Furniture stock. Geode Capital Management LLC raised its stake in Hooker Furniture Co. (NASDAQ:HOFT) by 8.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,102 shares of the company’s stock after buying an additional 10,433 shares during the period. Geode Capital Management LLC owned 1.11% of Hooker Furniture worth $3,453,000 at the end of the most recent quarter. Institutional investors own 86.61% of the company’s stock.

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Hooker Furniture Company Profile

Hooker Furniture Corporation, together with its subsidiaries, designs, manufactures, imports, and markets residential household, hospitality, and contract furniture in the United States. The company 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.

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Dividend History for Hooker Furniture (NASDAQ:HOFT)

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