Hooker Furnishings Co. (NASDAQ:HOFT) Director Paulette Garafalo Sells 2,489 Shares of Stock

Hooker Furnishings Co. (NASDAQ:HOFT) Director Paulette Garafalo sold 2,489 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $17.10, for a total transaction of $42,561.90. Following the completion of the sale, the director now owns 20,783 shares of the company’s stock, 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 document filed with the SEC, which is available through this hyperlink.

Hooker Furnishings Price Performance

Shares of Hooker Furnishings stock opened at $16.78 on Wednesday. The business’s fifty day moving average price is $17.35 and its 200 day moving average price is $16.05. Hooker Furnishings Co. has a twelve month low of $13.09 and a twelve month high of $27.15. The company has a current ratio of 3.16, a quick ratio of 1.46 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $179.71 million, a P/E ratio of -18.44 and a beta of 1.22.

Hooker Furnishings Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date of this dividend is Friday, December 13th. Hooker Furnishings’s dividend payout ratio (DPR) is presently -101.10%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Copeland Capital Management LLC acquired a new stake in shares of Hooker Furnishings in the third quarter worth $37,000. Acadian Asset Management LLC increased its holdings in Hooker Furnishings by 15.7% in the 2nd quarter. Acadian Asset Management LLC now owns 5,179 shares of the company’s stock valued at $74,000 after purchasing an additional 703 shares in the last quarter. Baron Wealth Management LLC acquired a new stake in Hooker Furnishings in the 3rd quarter valued at $215,000. Inspire Advisors LLC purchased a new position in Hooker Furnishings in the second quarter valued at about $190,000. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of Hooker Furnishings during the second quarter worth about $198,000. Hedge funds and other institutional investors own 73.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Hooker Furnishings from a “hold” rating to a “sell” rating in a report on Thursday, December 12th.

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.