Hooker Furniture Co. (NASDAQ:HOFT) Short Interest Update

Hooker Furniture Co. (NASDAQ:HOFT) was the target of a large increase in short interest in June. As of June 30th, there was short interest totalling 154,200 shares, an increase of 49.9% from the May 30th total of 102,900 shares. Based on an average daily trading volume, of 91,500 shares, the short-interest ratio is currently 1.7 days. Approximately 1.3% of the shares of the company are sold short.

Several equities analysts recently weighed in on HOFT shares. BidaskClub raised Zynerba Pharmaceuticals from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 18th. ValuEngine raised YY from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. Finally, TheStreet downgraded Hooker Furniture from a “b-” rating to a “c+” rating in a research note on Friday, June 14th.

In other Hooker Furniture news, CEO Paul B. Toms, Jr. bought 5,000 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was acquired at an average cost of $20.03 per share, with a total value of $100,150.00. Following the purchase, the chief executive officer now owns 82,756 shares in the company, valued at approximately $1,657,602.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director W Christopher Beeler, Jr. bought 3,500 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were acquired at an average cost of $28.32 per share, with a total value of $99,120.00. Following the completion of the purchase, the director now owns 35,876 shares in the company, valued at approximately $1,016,008.32. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 24,400 shares of company stock valued at $611,586. Company insiders own 2.20% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Rhumbline Advisers boosted its position in shares of Hooker Furniture by 41.9% during the 4th quarter. Rhumbline Advisers now owns 16,191 shares of the company’s stock valued at $426,000 after acquiring an additional 4,778 shares during the last quarter. First Trust Advisors LP raised its holdings in Hooker Furniture by 18.7% during the 4th quarter. First Trust Advisors LP now owns 21,269 shares of the company’s stock valued at $560,000 after buying an additional 3,357 shares during the period. BlackRock Inc. raised its holdings in Hooker Furniture by 2.0% during the 4th quarter. BlackRock Inc. now owns 824,653 shares of the company’s stock valued at $21,721,000 after buying an additional 15,940 shares during the period. Bank of New York Mellon Corp raised its holdings in Hooker Furniture by 17.4% during the 4th quarter. Bank of New York Mellon Corp now owns 104,791 shares of the company’s stock valued at $2,760,000 after buying an additional 15,529 shares during the period. Finally, Citigroup Inc. raised its holdings in Hooker Furniture by 16.1% during the 4th quarter. Citigroup Inc. now owns 3,701 shares of the company’s stock valued at $97,000 after buying an additional 512 shares during the period. Institutional investors and hedge funds own 86.39% of the company’s stock.

NASDAQ HOFT traded up $0.05 during mid-day trading on Friday, hitting $21.35. The stock had a trading volume of 65,600 shares, compared to its average volume of 129,396. Hooker Furniture has a 52-week low of $19.09 and a 52-week high of $49.75. The firm has a market cap of $251.71 million, a P/E ratio of 7.24 and a beta of 0.38. The stock has a 50 day moving average price of $23.08. The company has a current ratio of 3.73, a quick ratio of 1.89 and a debt-to-equity ratio of 0.25.

Hooker Furniture (NASDAQ:HOFT) last announced its earnings results on Wednesday, June 12th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.06). The company had revenue of $135.52 million for the quarter. Hooker Furniture had a net margin of 5.13% and a return on equity of 13.60%.

The business also recently announced a quarterly dividend, which was paid on Sunday, June 30th. Shareholders of record on Monday, June 17th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Friday, June 14th.

Hooker Furniture Company Profile

Hooker Furniture Corporation, together with its subsidiaries, designs, manufactures, imports, and markets residential household, hospitality, and contract furniture in the United States. The company operates through Hooker Branded, Home Meridian, and All Other segments. The Hooker Branded segment offers a range of design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand name; and imported upholstered furniture.

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