Morgan Dempsey Capital Management LLC decreased its position in shares of Hooker Furniture Corporation (NASDAQ:HOFT) by 29.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,710 shares of the company’s stock after selling 11,039 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in Hooker Furniture Corporation were worth $1,099,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised 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 worth $14,258,000 after buying an additional 35,153 shares during the period. Renaissance Technologies LLC raised 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 worth $13,144,000 after buying an additional 24,962 shares during the period. Punch & Associates Investment Management Inc. raised 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 worth $6,261,000 after buying an additional 46,400 shares during the period. Thomson Horstmann & Bryant Inc. raised 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 worth $5,479,000 after buying an additional 64,255 shares during the period. Finally, State Street Corp raised 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 worth $6,392,000 after buying an additional 10,422 shares during the period. 83.27% of the stock is owned by institutional investors.

Shares of Hooker Furniture Corporation (HOFT) opened at 42.35 on Thursday. Hooker Furniture Corporation has a 52 week low of $22.36 and a 52 week high of $46.60. The firm has a market cap of $489.35 million, a price-to-earnings ratio of 17.88 and a beta of 0.60. The firm’s 50 day moving average is $42.06 and its 200-day moving average is $38.42.

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

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Separately, BidaskClub raised shares of Hooker Furniture Corporation from a “hold” rating to a “buy” rating in a research note 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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