Hooker Furnishings Approved An Additional $5M Share Repurchase Authorization
Portfolio Pulse from Benzinga Newsdesk
Hooker Furnishings has approved an additional $5 million share repurchase authorization, following the repurchase program announced last year, which returned approximately $20 million to shareholders and retired 1.2 million shares.
June 08, 2023 | 10:12 am
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Hooker Furnishings' additional $5 million share repurchase authorization may positively impact its stock price in the short term.
The additional $5 million share repurchase authorization demonstrates the company's confidence in its financial position and commitment to returning value to shareholders. This may lead to increased demand for the stock, driving up its price in the short term.
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