Hooker Furniture Corp. (NASDAQ:HOFT)’s share price was up 3.2% during trading on Friday . The stock traded as high as $23.57 and last traded at $23.38, with a volume of 70,163 shares changing hands. The stock had previously closed at $22.66.

Several equities analysts recently commented on HOFT shares. Sidoti started coverage on Hooker Furniture Corp. in a research note on Friday. They issued a “buy” rating on the stock. BB&T Corp. downgraded Hooker Furniture Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, March 23rd. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Hooker Furniture Corp. from a “sell” rating to a “hold” rating in a research note on Friday, June 3rd.

The firm has a market cap of $269.48 million and a price-to-earnings ratio of 16.93. The stock’s 50 day moving average price is $23.00 and its 200 day moving average price is $27.01.

Hooker Furniture Corp. (NASDAQ:HOFT) last announced its earnings results on Tuesday, June 7th. The company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by $0.24. The business had revenue of $121.80 million for the quarter, compared to analyst estimates of $124.80 million. During the same period last year, the company earned $0.32 earnings per share. The business’s quarterly revenue was up 99.8% on a year-over-year basis. Equities analysts forecast that Hooker Furniture Corp. will post $2.00 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Tuesday, June 14th.

Several institutional investors have made changes to their positions in HOFT. Cornerstone Capital Management Holdings LLC. increased its position in shares of Hooker Furniture Corp. by 16.8% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 46,145 shares of the company’s stock worth $1,165,000 after buying an additional 6,645 shares in the last quarter. Hodges Capital Management Inc. increased its position in shares of Hooker Furniture Corp. by 57.3% in the fourth quarter. Hodges Capital Management Inc. now owns 51,970 shares of the company’s stock worth $1,312,000 after buying an additional 18,940 shares in the last quarter. Morgan Stanley increased its position in shares of Hooker Furniture Corp. by 70.1% in the fourth quarter. Morgan Stanley now owns 70,698 shares of the company’s stock worth $1,784,000 after buying an additional 29,137 shares in the last quarter. Finally, Royce & Associates LLC increased its position in shares of Hooker Furniture Corp. by 16.9% in the fourth quarter. Royce & Associates LLC now owns 834,000 shares of the company’s stock worth $21,050,000 after buying an additional 120,594 shares in the last quarter.

Hooker Furniture Corporation is a home furnishings marketing, design and logistics company offering sourcing of residential casegoods and upholstery, as well as domestically-produced custom leather and fabric-upholstered furniture. The Company’s segments are casegoods furniture, upholstered furniture and all other.

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