Hooker Furniture (HOFT) Earning Somewhat Favorable Media Coverage, Analysis Finds

News headlines about Hooker Furniture (NASDAQ:HOFT) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hooker Furniture earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.1480284184667 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Separately, BidaskClub cut shares of Hooker Furniture from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th.

Shares of Hooker Furniture (NASDAQ HOFT) traded down $0.70 on Wednesday, reaching $41.30. 89,300 shares of the company traded hands, compared to its average volume of 69,980. Hooker Furniture has a fifty-two week low of $29.75 and a fifty-two week high of $52.75. The firm has a market capitalization of $494.02, a PE ratio of 15.64 and a beta of 0.65. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.53 and a quick ratio of 2.07.

Hooker Furniture (NASDAQ:HOFT) last announced its earnings results on Thursday, December 7th. The company reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.04). Hooker Furniture had a return on equity of 14.89% and a net margin of 4.96%. The business had revenue of $157.90 million for the quarter, compared to analyst estimates of $160.02 million. During the same quarter in the previous year, the company posted $0.56 EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 18th were given a dividend of $0.14 per share. This is a positive change from Hooker Furniture’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 1.36%. The ex-dividend date was Friday, December 15th. Hooker Furniture’s dividend payout ratio is 21.21%.

In other Hooker Furniture news, insider Michael W. Delgatti sold 6,847 shares of the company’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $42.53, for a total transaction of $291,202.91. Following the sale, the insider now directly owns 17,972 shares of the company’s stock, valued at $764,349.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.90% of the company’s stock.

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About Hooker Furniture

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 (NASDAQ:HOFT)

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