Paulette Garafalo Sells 2,489 Shares of Hooker Furnishings Co. (NASDAQ:HOFT) 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 sale, the director now owns 20,783 shares of the company’s stock, valued at $355,389.30. This trade represents a 10.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Hooker Furnishings Price Performance

Hooker Furnishings stock traded down $0.27 during mid-day trading on Tuesday, reaching $16.88. 17,790 shares of the company’s stock traded hands, compared to its average volume of 32,827. The company has a market cap of $180.78 million, a price-to-earnings ratio of -18.85 and a beta of 1.22. The stock has a 50 day moving average of $17.35 and a two-hundred day moving average of $16.06. The company has a quick ratio of 1.46, a current ratio of 3.16 and a debt-to-equity ratio of 0.10. Hooker Furnishings Co. has a 12-month low of $13.09 and a 12-month high of $27.15.

Hooker Furnishings Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders 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 5.45%. The ex-dividend date of this dividend is Friday, December 13th. Hooker Furnishings’s dividend payout ratio (DPR) is -101.10%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC increased its position in Hooker Furnishings by 15.7% during the second quarter. Acadian Asset Management LLC now owns 5,179 shares of the company’s stock valued at $74,000 after acquiring an additional 703 shares during the last quarter. Copeland Capital Management LLC bought a new position in shares of Hooker Furnishings in the third quarter worth about $37,000. Empowered Funds LLC grew its holdings in shares of Hooker Furnishings by 5.2% in the third quarter. Empowered Funds LLC now owns 49,188 shares of the company’s stock worth $889,000 after purchasing an additional 2,412 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Hooker Furnishings by 3.2% in the second quarter. Bank of New York Mellon Corp now owns 78,249 shares of the company’s stock worth $1,133,000 after purchasing an additional 2,452 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Hooker Furnishings by 1.0% in the third quarter. Geode Capital Management LLC now owns 241,310 shares of the company’s stock worth $4,364,000 after purchasing an additional 2,493 shares during the last quarter. Institutional investors own 73.63% of the company’s stock.

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.