Hooker Furnishings Co. (NASDAQ:HOFT) Director Tonya Harris Jackson Acquires 1,500 Shares

Hooker Furnishings Co. (NASDAQ:HOFTGet Rating) Director Tonya Harris Jackson bought 1,500 shares of the firm’s stock in a transaction dated Thursday, June 23rd. The stock was purchased at an average cost of $15.73 per share, with a total value of $23,595.00. Following the transaction, the director now directly owns 14,706 shares in the company, valued at approximately $231,325.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Hooker Furnishings stock traded up $0.28 during midday trading on Thursday, hitting $16.07. The company had a trading volume of 112,240 shares, compared to its average volume of 92,312. The stock has a market capitalization of $192.87 million, a P/E ratio of 35.09 and a beta of 0.89. The company has a 50 day moving average of $16.92 and a 200 day moving average of $19.84. Hooker Furnishings Co. has a 52-week low of $14.92 and a 52-week high of $37.14.

Hooker Furnishings (NASDAQ:HOFTGet Rating) last posted its quarterly earnings results on Wednesday, April 13th. The company reported ($0.33) earnings per share for the quarter. The company had revenue of $134.81 million during the quarter. Hooker Furnishings had a return on equity of 2.06% and a net margin of 0.94%.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Friday, June 17th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, June 16th. This represents a $0.80 annualized dividend and a dividend yield of 4.98%. Hooker Furnishings’s payout ratio is currently 177.78%.

Institutional investors have recently bought and sold shares of the stock. Boston Partners grew its stake in shares of Hooker Furnishings by 16.7% in the 4th quarter. Boston Partners now owns 28,341 shares of the company’s stock worth $660,000 after buying an additional 4,061 shares during the last quarter. Pzena Investment Management LLC boosted its stake in Hooker Furnishings by 1.2% during the 4th quarter. Pzena Investment Management LLC now owns 1,316,484 shares of the company’s stock valued at $30,648,000 after purchasing an additional 15,352 shares during the last quarter. Dean Capital Management boosted its stake in Hooker Furnishings by 76.7% during the 4th quarter. Dean Capital Management now owns 46,482 shares of the company’s stock valued at $1,082,000 after purchasing an additional 20,180 shares during the last quarter. Dean Investment Associates LLC boosted its stake in Hooker Furnishings by 69.3% during the 4th quarter. Dean Investment Associates LLC now owns 68,766 shares of the company’s stock valued at $1,601,000 after purchasing an additional 28,154 shares during the last quarter. Finally, Euclidean Technologies Management LLC boosted its stake in Hooker Furnishings by 17.8% during the 4th quarter. Euclidean Technologies Management LLC now owns 84,850 shares of the company’s stock valued at $1,975,000 after purchasing an additional 12,796 shares during the last quarter. Institutional investors own 73.14% of the company’s stock.

Separately, StockNews.com lowered Hooker Furnishings from a “hold” rating to a “sell” rating in a research report on Monday, June 13th.

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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