Hooker Furniture (NASDAQ:HOFT) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Hooker Furniture (NASDAQ:HOFT) released its quarterly earnings data on Wednesday. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.03), MarketWatch Earnings reports. Hooker Furniture had a net margin of 5.65% and a return on equity of 13.33%.

HOFT stock traded down $1.78 during midday trading on Friday, reaching $27.70. 1,590 shares of the company’s stock traded hands, compared to its average volume of 47,209. Hooker Furniture has a 52-week low of $24.98 and a 52-week high of $42.90. The stock has a market cap of $329.88 million, a P/E ratio of 9.86 and a beta of 0.88. The stock’s 50-day moving average is $33.42 and its 200 day moving average is $35.71.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Thursday, September 16th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, September 15th. This represents a $0.72 dividend on an annualized basis and a yield of 2.60%.

In other Hooker Furniture news, Director Henry G. Williamson, Jr. bought 5,000 shares of Hooker Furniture stock in a transaction on Friday, July 2nd. The stock was acquired at an average cost of $34.81 per share, with a total value of $174,050.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.40% of the stock is currently owned by corporate insiders.

An institutional investor recently bought a new position in Hooker Furniture stock. Citadel Advisors LLC purchased a new position in Hooker Furniture Co. (NASDAQ:HOFT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,810 shares of the company’s stock, valued at approximately $305,000. Citadel Advisors LLC owned 0.07% of Hooker Furniture at the end of the most recent reporting period. Hedge funds and other institutional investors own 84.89% of the company’s stock.

Hooker Furniture Company Profile

Hooker Furniture Corp. is a home furnishings marketing and logistics company. It offers worldwide sourcing of residential casegoods and upholstery, as well as domestically-produced custom leather and fabric-upholstered furniture. The company operates its business through three segments: Hooker Branded, Home Meridian, and Domestic Upholstery.

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Earnings History for Hooker Furniture (NASDAQ:HOFT)

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