Hooker Furnishings Co. (NASDAQ:HOFT - Get Free Report) Director Paulette Garafalo sold 2,489 shares of the business's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $17.10, for a total transaction of $42,561.90. Following the transaction, the director now directly owns 20,783 shares in the company, valued at approximately $355,389.30. The trade was a 10.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Hooker Furnishings Stock Down 2.2 %
Shares of NASDAQ HOFT opened at $16.78 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.46 and a current ratio of 3.16. Hooker Furnishings Co. has a 1 year low of $13.09 and a 1 year high of $27.15. The stock's 50-day simple moving average is $17.35 and its 200-day simple moving average is $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 firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.92 annualized dividend and a yield of 5.48%. Hooker Furnishings's dividend payout ratio is presently -101.10%.
Hedge Funds Weigh In On Hooker Furnishings
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Institutional investors have recently made changes to their positions in the business. Copeland Capital Management LLC bought a new stake in shares of Hooker Furnishings in the third quarter worth $37,000. Acadian Asset Management LLC boosted its stake in Hooker Furnishings by 15.7% during the 2nd quarter. Acadian Asset Management LLC now owns 5,179 shares of the company's stock valued at $74,000 after acquiring an additional 703 shares during the last quarter. Inspire Advisors LLC acquired a new position in Hooker Furnishings during the 2nd quarter worth $190,000. Atlantic Union Bankshares Corp bought a new stake in shares of Hooker Furnishings in the 2nd quarter worth about $198,000. Finally, Baron Wealth Management LLC acquired a new stake in shares of Hooker Furnishings in the 3rd quarter valued at about $215,000. 73.63% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of Hooker Furnishings from a "hold" rating to a "sell" rating in a research note on Thursday, December 12th.
Read Our Latest Research Report 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.
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