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

Hooker Furnishings Co. (NASDAQ:HOFT) Director Paulette Garafalo sold 2,489 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $17.10, for a total value of $42,561.90. Following the completion of the transaction, the director now owns 20,783 shares in the company, valued at approximately $355,389.30. This trade represents a 10.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Hooker Furnishings Stock Performance

HOFT opened at $15.34 on Thursday. Hooker Furnishings Co. has a 12-month low of $13.09 and a 12-month high of $27.15. The company has a market cap of $164.29 million, a price-to-earnings ratio of -16.86 and a beta of 1.22. 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 company’s 50 day moving average is $17.33 and its 200 day moving average is $16.05.

Hooker Furnishings Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders 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 dividend yield of 6.00%. The ex-dividend date of this dividend is Friday, December 13th. Hooker Furnishings’s payout ratio is -101.10%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Hooker Furnishings

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC grew its holdings in Hooker Furnishings by 270.4% during the third quarter. Barclays PLC now owns 15,463 shares of the company’s stock valued at $279,000 after purchasing an additional 11,288 shares during the period. Geode Capital Management LLC increased its holdings in Hooker Furnishings by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 241,310 shares of the company’s stock worth $4,364,000 after acquiring an additional 2,493 shares in the last quarter. State Street Corp raised its stake in Hooker Furnishings by 4.9% during the 3rd quarter. State Street Corp now owns 172,370 shares of the company’s stock worth $3,116,000 after acquiring an additional 8,117 shares during the period. Stifel Financial Corp raised its stake in Hooker Furnishings by 9.5% during the 3rd quarter. Stifel Financial Corp now owns 44,003 shares of the company’s stock worth $796,000 after acquiring an additional 3,827 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in Hooker Furnishings by 26.4% during the third quarter. HighTower Advisors LLC now owns 19,004 shares of the company’s stock valued at $344,000 after purchasing an additional 3,966 shares in the last quarter. 73.63% of the stock is currently owned by hedge funds and other institutional investors.

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.