What Did This CEO Just Do with Personal Shares of Hooker Furniture (NASDAQ: HOFT)?

By Carrie Williams

Today, the CEO of Hooker Furniture (HOFTResearch Report), Paul Toms, sold shares of HOFT for $467.3K.

Following Paul Toms’ last HOFT Sell transaction on June 18, 2019, the stock climbed by 13.3%. This is Toms’ first Sell trade following 3 Buy transactions.

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The company has a one-year high of $36.49 and a one-year low of $12.30. HOFT’s market cap is $386 million and the company has a P/E ratio of -31.30. Currently, Hooker Furniture has an average volume of 12.72K.

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Hooker Furniture Corp. is a home furnishings marketing and logistics company. It offers worldwide sourcing of residential casegoods and upholstery, as well as domestically-produced custom leather and fabric-upholstered furniture. The company operates its business through three segments: Casegoods, Upholstered and All Other. Its major casegoods product categories include home entertainment, home office, accent, dining and bedroom furniture under the Hooker Furniture brand, and youth furniture sold under the Opus Designs by Hooker brand. The company designs and markets its furniture, both as stand-alone products and as part of a group of products within multi-piece groups or broader collections offering a unifying style, design theme and finish. Its collections include offerings, such as Abbott Place, Beladora, Harbour Pointe and Sanctuary collections. The company’s residential upholstered seating companies, include Bradington-Young LLC, a specialist in upscale motion and stationary leather furniture, and Sam Moore Furniture LLC, a specialist in upscale occasional chairs, settees and sectional seating with an emphasis on cover-to-frame customization. Its customers include independent furniture stores, specialty retailers, department stores, catalog and internet merchants, interior designers and national and regional chains. Hooker Furniture was founded in 1924 and is headquartered in Martinsville, VA.