Hooker Furniture Corporation (HOFT) Receiving Somewhat Favorable News Coverage, Study Shows

News articles about Hooker Furniture Corporation (NASDAQ:HOFT) have trended somewhat positive on Sunday, according to Accern Sentiment. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hooker Furniture Corporation earned a news impact score of 0.12 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.0806583117965 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news articles that may have impacted Accern Sentiment’s rankings:

Separately, BidaskClub lowered shares of Hooker Furniture Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 18th.

Hooker Furniture Corporation (NASDAQ:HOFT) opened at $43.75 on Friday. The company has a market cap of $506.89, a P/E ratio of 16.63 and a beta of 0.64. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.08 and a quick ratio of 2.47. Hooker Furniture Corporation has a 1 year low of $26.60 and a 1 year high of $50.53.

Hooker Furniture Corporation (NASDAQ:HOFT) last announced its quarterly earnings data on Thursday, September 7th. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.06. The firm had revenue of $156.31 million during the quarter, compared to analyst estimates of $148.56 million. Hooker Furniture Corporation had a net margin of 4.94% and a return on equity of 15.28%. Hooker Furniture Corporation’s revenue was up 14.8% on a year-over-year basis. During the same period last year, the firm posted $0.46 EPS.

In related news, Director E Larry Ryder sold 5,000 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $44.41, for a total value of $222,050.00. Following the completion of the transaction, the director now directly owns 20,780 shares of the company’s stock, valued at approximately $922,839.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO George Revington sold 5,194 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $43.52, for a total transaction of $226,042.88. Following the completion of the transaction, the chief operating officer now directly owns 54,951 shares of the company’s stock, valued at $2,391,467.52. The disclosure for this sale can be found here. Insiders sold a total of 56,607 shares of company stock valued at $2,506,409 over the last ninety days. 2.90% of the stock is currently owned by insiders.

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About Hooker Furniture Corporation

Hooker Furniture Corporation is a home furnishings marketing, design and logistics company offering sourcing of residential casegoods and upholstery, as well as domestically-produced leather and fabric-upholstered furniture. The Company operates through three segments: casegoods furniture, upholstered furniture and all other.

Insider Buying and Selling by Quarter for Hooker Furniture Corporation (NASDAQ:HOFT)

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