Hooker Furniture Co. (HOFT) To Go Ex-Dividend on June 14th

Hooker Furniture Co. (NASDAQ:HOFT) announced a quarterly dividend on Tuesday, June 6th. Shareholders of record on Friday, June 16th will be paid a dividend of 0.12 per share on Friday, June 30th. This represents a $0.48 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Wednesday, June 14th.

Shares of Hooker Furniture (NASDAQ HOFT) opened at 40.95 on Friday. Hooker Furniture has a 12 month low of $21.12 and a 12 month high of $46.60. The firm’s 50-day moving average price is $43.24 and its 200-day moving average price is $35.84. The company has a market capitalization of $472.44 million, a price-to-earnings ratio of 18.78 and a beta of 0.76.

Hooker Furniture (NASDAQ:HOFT) last released its quarterly earnings results on Wednesday, June 7th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.46 by $0.05. Hooker Furniture had a return on equity of 11.54% and a net margin of 3.98%. The firm had revenue of $130.90 million for the quarter, compared to analysts’ expectations of $133.83 million. During the same quarter in the prior year, the business earned $0.22 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. Equities research analysts expect that Hooker Furniture will post $2.67 EPS for the current year.

Dividend History for Hooker Furniture (NASDAQ:HOFT)

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its position in Hooker Furniture by 3.6% in the first quarter. Teachers Advisors LLC now owns 21,667 shares of the company’s stock valued at $673,000 after buying an additional 756 shares in the last quarter. Vanguard Group Inc. raised its position in Hooker Furniture by 8.3% in the first quarter. Vanguard Group Inc. now owns 459,203 shares of the company’s stock valued at $14,258,000 after buying an additional 35,153 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Hooker Furniture by 34.5% in the first quarter. Goldman Sachs Group Inc. now owns 19,183 shares of the company’s stock valued at $596,000 after buying an additional 4,917 shares in the last quarter. Institutional investors and hedge funds own 82.34% of the company’s stock.

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.

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