US Bancorp DE lowered its position in Hooker Furniture Corporation (NASDAQ:HOFT) by 21.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,999 shares of the company’s stock after selling 6,020 shares during the period. US Bancorp DE’s holdings in Hooker Furniture Corporation were worth $905,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Hooker Furniture Corporation 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 during the period. Renaissance Technologies LLC increased its stake in shares of Hooker Furniture Corporation by 6.3% in the first quarter. Renaissance Technologies LLC now owns 423,327 shares of the company’s stock valued at $13,144,000 after buying an additional 24,962 shares during the period. Punch & Associates Investment Management Inc. increased its stake in shares of Hooker Furniture Corporation by 29.9% in the first quarter. Punch & Associates Investment Management Inc. now owns 201,645 shares of the company’s stock valued at $6,261,000 after buying an additional 46,400 shares during the period. Thomson Horstmann & Bryant Inc. increased its stake in shares of Hooker Furniture Corporation by 57.3% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 176,470 shares of the company’s stock valued at $5,479,000 after buying an additional 64,255 shares during the period. Finally, State Street Corp increased its stake in shares of Hooker Furniture Corporation by 6.6% in the fourth quarter. State Street Corp now owns 168,429 shares of the company’s stock valued at $6,392,000 after buying an additional 10,422 shares during the period. 83.27% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Hooker Furniture Corporation (HOFT) traded down 0.59% during mid-day trading on Thursday, hitting $42.10. 11,751 shares of the company’s stock traded hands. The stock has a market cap of $486.47 million, a P/E ratio of 17.77 and a beta of 0.60. The stock has a 50 day moving average price of $42.06 and a 200-day moving average price of $38.42. Hooker Furniture Corporation has a 1-year low of $22.36 and a 1-year high of $46.60.

Hooker Furniture Corporation (NASDAQ:HOFT) last posted its quarterly earnings data on Thursday, June 8th. The company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by $0.05. Hooker Furniture Corporation had a net margin of 4.70% and a return on equity of 14.53%. The business had revenue of $130.90 million for the quarter, compared to the consensus estimate of $133.83 million. During the same quarter last year, the business posted $0.22 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities research analysts anticipate that Hooker Furniture Corporation will post $2.67 EPS for the current fiscal year.

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Separately, BidaskClub raised shares of Hooker Furniture Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 13th.

Hooker Furniture Corporation Company Profile

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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Institutional Ownership by Quarter for Hooker Furniture Corporation (NASDAQ:HOFT)

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