E Larry Ryder Sells 2,693 Shares of Hooker Furniture Co. (HOFT) Stock

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

Shares of Hooker Furniture opened at $47.30 on Friday, according to Marketbeat Ratings. Hooker Furniture Co. has a 1 year low of $35.90 and a 1 year high of $52.75. The company has a quick ratio of 2.12, a current ratio of 3.52 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $555.24 million, a PE ratio of 16.90 and a beta of 0.45.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.18%.

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Hooker Furniture in the 1st quarter worth approximately $104,000. Brandywine Global Investment Management LLC acquired a new position in shares of Hooker Furniture in the 4th quarter worth approximately $192,000. Jefferies Group LLC acquired a new position in shares of Hooker Furniture in the 4th quarter worth approximately $206,000. MetLife Investment Advisors LLC acquired a new position in shares of Hooker Furniture in the 4th quarter worth approximately $231,000. Finally, Yorktown Management & Research Co Inc raised its holdings in shares of Hooker Furniture by 41.2% in the 4th quarter. Yorktown Management & Research Co Inc now owns 6,000 shares of the company’s stock worth $255,000 after buying an additional 1,750 shares in the last quarter. 87.25% of the stock is owned by institutional investors and hedge funds.

HOFT has been the subject of several recent research reports. ValuEngine cut Hooker Furniture from a “hold” rating to a “sell” rating in a report on Friday, April 27th. BidaskClub raised Hooker Furniture from a “sell” rating to a “hold” rating in a report on Wednesday, March 14th.

Hooker Furniture Company Profile

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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