Hooker Furnishings Co. (NASDAQ:HOFT - Get Free Report) Director Paulette Garafalo sold 2,489 shares of Hooker Furnishings stock in a transaction on Monday, December 16th. The shares were sold at an average price of $17.10, for a total value of $42,561.90. Following the completion of the sale, the director now directly owns 20,783 shares of the company's stock, valued at $355,389.30. This trade represents a 10.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Hooker Furnishings Trading Down 2.2 %
Shares of HOFT stock traded down $0.37 during trading hours on Tuesday, reaching $16.78. The company had a trading volume of 62,304 shares, compared to its average volume of 33,017. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.16 and a quick ratio of 1.46. Hooker Furnishings Co. has a 1-year low of $13.09 and a 1-year high of $27.15. The company has a 50 day moving average of $17.35 and a 200 day moving average of $16.05. The firm has a market cap of $179.71 million, a price-to-earnings ratio of -18.44 and a beta of 1.22.
Hooker Furnishings Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date of this dividend is Friday, December 13th. Hooker Furnishings's dividend payout ratio (DPR) is currently -101.10%.
Institutional Trading of Hooker Furnishings
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Copeland Capital Management LLC bought a new position in Hooker Furnishings during the 3rd quarter worth approximately $37,000. Acadian Asset Management LLC grew its holdings in shares of Hooker Furnishings by 15.7% in the 2nd quarter. Acadian Asset Management LLC now owns 5,179 shares of the company's stock valued at $74,000 after buying an additional 703 shares during the period. Inspire Advisors LLC bought a new stake in shares of Hooker Furnishings in the 2nd quarter valued at $190,000. Atlantic Union Bankshares Corp acquired a new stake in Hooker Furnishings during the 2nd quarter worth $198,000. Finally, Baron Wealth Management LLC bought a new position in Hooker Furnishings during the third quarter worth about $215,000. 73.63% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded shares of Hooker Furnishings from a "hold" rating to a "sell" rating in a research report on Thursday, December 12th.
Get Our Latest Analysis on HOFT
Hooker Furnishings Company Profile
(
Get Free Report)
Hooker Furnishings Corporation designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. It operates in three segments: Hooker Branded, Home Meridian, and Domestic Upholstery. The 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.
Further Reading
Before you consider Hooker Furnishings, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hooker Furnishings wasn't on the list.
While Hooker Furnishings currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Like this article? Share it with a colleague.
Link copied to clipboard.
