Hooker Furniture (NASDAQ:HOFT) Releases Earnings Results, Misses Expectations By $0.15 EPS

Share on StockTwits

Hooker Furniture (NASDAQ:HOFT) announced its quarterly earnings data on Thursday. The company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.15), Fidelity Earnings reports. The business had revenue of $152.25 million during the quarter. Hooker Furniture had a return on equity of 11.63% and a net margin of 4.57%.

NASDAQ HOFT opened at $18.99 on Friday. Hooker Furniture has a 12 month low of $17.09 and a 12 month high of $41.10. The stock has a market cap of $218.62 million, a P/E ratio of 7.25 and a beta of 0.39. The stock’s fifty day moving average price is $19.29 and its 200-day moving average price is $25.07. The company has a current ratio of 3.73, a quick ratio of 1.89 and a debt-to-equity ratio of 0.25.

The business also recently announced a — dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.15 dividend. The ex-dividend date is Friday, September 13th. This represents a dividend yield of 3.2%.

In related news, insider Douglas Townsend bought 4,900 shares of the business’s stock in a transaction dated Friday, June 28th. The shares were purchased at an average cost of $21.64 per share, with a total value of $106,036.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Paul B. Toms, Jr. acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were purchased at an average cost of $20.03 per share, for a total transaction of $100,150.00. Following the completion of the transaction, the chief executive officer now directly owns 82,756 shares in the company, valued at approximately $1,657,602.68. The disclosure for this purchase can be found here. Over the last three months, insiders bought 10,400 shares of company stock worth $216,041. Insiders own 2.20% of the company’s stock.

A number of hedge funds have recently made changes to their positions in HOFT. Mork Capital Management LLC purchased a new stake in shares of Hooker Furniture during the second quarter valued at approximately $825,000. BNP Paribas Arbitrage SA boosted its stake in Hooker Furniture by 953.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,422 shares of the company’s stock valued at $70,000 after purchasing an additional 2,192 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Hooker Furniture by 54.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 16,310 shares of the company’s stock valued at $336,000 after purchasing an additional 5,720 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Hooker Furniture by 2,049.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 11,350 shares of the company’s stock valued at $327,000 after purchasing an additional 10,822 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. boosted its stake in Hooker Furniture by 1.1% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 399,421 shares of the company’s stock valued at $11,515,000 after purchasing an additional 4,432 shares during the last quarter. 83.92% of the stock is currently owned by institutional investors.

A number of equities research analysts have weighed in 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 downgraded Hooker Furniture from a “hold” rating to a “sell” rating in a research note on Friday, June 7th.

Hooker Furniture Company Profile

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.

See Also: What is insider trading?

Earnings 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

Nanometrics  Lifted to Hold at BidaskClub
Nanometrics Lifted to Hold at BidaskClub
Nasdaq  Downgraded by BidaskClub
Nasdaq Downgraded by BidaskClub
NetScout Systems  Raised to “Hold” at BidaskClub
NetScout Systems Raised to “Hold” at BidaskClub
Intellia Therapeutics  Raised to Hold at BidaskClub
Intellia Therapeutics Raised to Hold at BidaskClub
Northern Trust  Lifted to “Hold” at BidaskClub
Northern Trust Lifted to “Hold” at BidaskClub
Liberty Latin America  Upgraded at BidaskClub
Liberty Latin America Upgraded at BidaskClub


© 2006-2019 Ticker Report