Hooker Furnishings (NASDAQ:HOFT) Announces Quarterly Earnings Results

Hooker Furnishings (NASDAQ:HOFT) announced its quarterly earnings data on Thursday. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06), Yahoo Finance reports. Hooker Furnishings had a net margin of 1.07% and a return on equity of 1.92%. During the same quarter last year, the firm posted $0.07 earnings per share.

Hooker Furnishings Trading Up 2.3 %

NASDAQ HOFT opened at $15.88 on Friday. Hooker Furnishings has a 1-year low of $13.09 and a 1-year high of $27.15. The company has a market capitalization of $169.63 million, a price-to-earnings ratio of 40.72, a PEG ratio of 12.57 and a beta of 1.20. The stock’s 50 day moving average is $14.84 and its two-hundred day moving average is $17.87.

Hooker Furnishings Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 5.79%. The ex-dividend date of this dividend is Friday, September 13th. Hooker Furnishings’s dividend payout ratio (DPR) is presently 235.90%.

Insider Transactions at Hooker Furnishings

In related news, Director Tonya Harris Jackson purchased 1,850 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were acquired at an average price of $13.61 per share, with a total value of $25,178.50. Following the purchase, the director now directly owns 25,229 shares in the company, valued at $343,366.69. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.70% of the stock is currently owned by insiders.

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.