Hooker Furniture (NASDAQ:HOFT) Releases Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Hooker Furniture (NASDAQ:HOFT) posted its quarterly earnings results on Wednesday. The company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.06), Fidelity Earnings reports. Hooker Furniture had a return on equity of 13.77% and a net margin of 5.13%. The business had revenue of $135.52 million during the quarter.

Shares of HOFT opened at $20.85 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.65 and a quick ratio of 2.01. Hooker Furniture has a one year low of $20.25 and a one year high of $49.85. The firm has a market capitalization of $240.06 million, a P/E ratio of 6.93 and a beta of 0.64.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 30th. Investors of record on Monday, June 17th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Friday, June 14th.



In other news, Director Henry G. Williamson, Jr. acquired 8,000 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was bought at an average price of $28.13 per share, with a total value of $225,040.00. Following the completion of the acquisition, the director now directly owns 38,941 shares of the company’s stock, valued at approximately $1,095,410.33. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Paul B. Toms, Jr. acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was purchased at an average cost of $28.97 per share, with a total value of $28,970.00. Following the acquisition, the chief executive officer now directly owns 76,256 shares of the company’s stock, valued at $2,209,136.32. The disclosure for this purchase can be found here. Insiders purchased 14,000 shares of company stock valued at $395,545 in the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

An institutional investor recently raised its position in Hooker Furniture stock. Geode Capital Management LLC increased its position in Hooker Furniture Co. (NASDAQ:HOFT) by 8.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 131,102 shares of the company’s stock after acquiring an additional 10,433 shares during the period. Geode Capital Management LLC owned about 1.11% of Hooker Furniture worth $3,453,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 86.61% of the company’s stock.

Several research analysts have recently weighed in on the company. BidaskClub cut Hooker Furniture from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th. ValuEngine cut Hooker Furniture from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Finally, TheStreet raised Hooker Furniture from a “c+” rating to a “b” rating in a report on Tuesday, April 30th.

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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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Earnings History for Hooker Furniture (NASDAQ:HOFT)

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