Hooker Furniture Co. (NASDAQ:HOFT) to Issue $0.15 — Dividend

Share on StockTwits

Hooker Furniture Co. (NASDAQ:HOFT) declared a — dividend on Friday, September 6th, Wall Street Journal reports. Investors of record on Monday, September 16th will be given a dividend of 0.15 per share on Monday, September 30th. This represents a yield of 3.2%. The ex-dividend date is Friday, September 13th.

Hooker Furniture has raised its dividend by an average of 12.5% annually over the last three years and has raised its dividend every year for the last 3 years.

NASDAQ HOFT traded down $0.32 during trading hours on Thursday, hitting $20.44. 101 shares of the stock were exchanged, compared to its average volume of 75,559. The company has a market cap of $230.67 million, a price-to-earnings ratio of 7.65 and a beta of 0.39. Hooker Furniture has a 12-month low of $17.09 and a 12-month high of $41.10. The stock has a 50-day moving average of $19.17 and a 200 day moving average of $24.78. The company has a quick ratio of 1.89, a current ratio of 3.73 and a debt-to-equity ratio of 0.25.

Hooker Furniture (NASDAQ:HOFT) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.15). The firm had revenue of $152.25 million for the quarter. Hooker Furniture had a return on equity of 11.63% and a net margin of 4.57%.

In related news, insider Douglas Townsend bought 4,900 shares of the company’s stock in a transaction on Friday, June 28th. The stock was bought at an average cost of $21.64 per share, with a total value of $106,036.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Paul B. Toms, Jr. bought 5,000 shares of the company’s stock in a transaction on Monday, June 17th. The stock was bought at an average cost of $20.03 per share, with a total value of $100,150.00. Following the completion of the acquisition, the chief executive officer now owns 82,756 shares of the company’s stock, valued at approximately $1,657,602.68. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 10,400 shares of company stock valued at $216,041. 2.20% of the stock is currently owned by corporate insiders.

A number of research analysts have issued reports on the stock. TheStreet cut shares of Hooker Furniture from a “b-” rating to a “c+” rating in a report on Friday, June 14th. BidaskClub cut shares of Hooker Furniture from a “hold” rating to a “sell” rating in a report on Saturday, May 18th. Finally, ValuEngine cut shares of Hooker Furniture from a “hold” rating to a “sell” rating in a report on Friday, June 7th.

About Hooker Furniture

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.

Featured Story: Do equity income investments outperform growth and income investments?

Dividend History for Hooker Furniture (NASDAQ:HOFT)

Receive News & Ratings for Hooker Furniture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hooker Furniture and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Cognizant Technology Solutions  Downgraded by ValuEngine
Cognizant Technology Solutions Downgraded by ValuEngine
Cohu  Raised to “Hold” at BidaskClub
Cohu Raised to “Hold” at BidaskClub
Exelixis  Cut to “Strong Sell” at ValuEngine
Exelixis Cut to “Strong Sell” at ValuEngine
BidaskClub Upgrades First Midwest Bancorp  to “Sell”
BidaskClub Upgrades First Midwest Bancorp to “Sell”
ValuEngine Upgrades Blackbaud  to “Strong-Buy”
ValuEngine Upgrades Blackbaud to “Strong-Buy”
Anavex Life Sciences  Upgraded to “Buy” by ValuEngine
Anavex Life Sciences Upgraded to “Buy” by ValuEngine


 
© 2006-2019 Zolmax.