Tonya Harris Jackson Acquires 1,850 Shares of Hooker Furnishings Co. (NASDAQ:HOFT) Stock

Hooker Furnishings Co. (NASDAQ:HOFT) Director Tonya Harris Jackson bought 1,850 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was bought at an average cost of $13.61 per share, for a total transaction of $25,178.50. Following the acquisition, the director now owns 25,229 shares of the company’s stock, valued at approximately $343,366.69. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Hooker Furnishings Stock Up 2.9 %

NASDAQ HOFT opened at $14.02 on Wednesday. The stock has a market capitalization of $149.73 million, a P/E ratio of 35.95, a P/E/G ratio of 10.72 and a beta of 1.12. Hooker Furnishings Co. has a 52-week low of $13.21 and a 52-week high of $27.15. The firm has a 50-day moving average price of $16.69 and a 200 day moving average price of $21.38.

Hooker Furnishings (NASDAQ:HOFT) last announced its quarterly earnings data on Thursday, June 6th. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.36). The business had revenue of $93.57 million for the quarter, compared to analyst estimates of $94.94 million. Hooker Furnishings had a return on equity of 1.92% and a net margin of 1.07%. On average, equities research analysts expect that Hooker Furnishings Co. will post 0.09 earnings per share for the current fiscal year.

Hooker Furnishings Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 6.56%. The ex-dividend date is Friday, June 14th. Hooker Furnishings’s dividend payout ratio is currently 235.90%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Virtus Investment Advisers Inc. purchased a new stake in shares of Hooker Furnishings during the 1st quarter worth approximately $106,000. EntryPoint Capital LLC purchased a new stake in Hooker Furnishings during the first quarter worth $77,000. Acadian Asset Management LLC acquired a new stake in Hooker Furnishings in the first quarter valued at $107,000. Foundry Partners LLC purchased a new position in shares of Hooker Furnishings in the first quarter valued at $869,000. Finally, Empowered Funds LLC raised its stake in shares of Hooker Furnishings by 27.6% during the 1st quarter. Empowered Funds LLC now owns 43,536 shares of the company’s stock worth $1,045,000 after buying an additional 9,412 shares during the last quarter. 73.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Hooker Furnishings from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th.

Hooker Furnishings Company Profile

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.