American Century Companies Inc. raised its holdings in Hooker Furniture Corporation (NASDAQ:HOFT) by 142.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,990 shares of the company’s stock after acquiring an additional 14,662 shares during the quarter. American Century Companies Inc. owned approximately 0.22% of Hooker Furniture Corporation worth $1,028,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Hooker Furniture Corporation by 8.3% during the 1st 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 in the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of Hooker Furniture Corporation by 24.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 7,862 shares of the company’s stock worth $244,000 after buying an additional 1,533 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Hooker Furniture Corporation by 6.3% during the 1st 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 in the last quarter. Bank of New York Mellon Corp grew its position in shares of Hooker Furniture Corporation by 8.2% during the 1st quarter. Bank of New York Mellon Corp now owns 101,569 shares of the company’s stock worth $3,154,000 after buying an additional 7,737 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Hooker Furniture Corporation by 178.6% during the 1st quarter. Russell Investments Group Ltd. now owns 16,380 shares of the company’s stock worth $508,000 after buying an additional 10,501 shares in the last quarter. 83.99% of the stock is currently owned by institutional investors.

In related news, insider Michael W. Delgatti sold 10,000 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $43.03, for a total value of $430,300.00. Following the sale, the insider now owns 28,425 shares in the company, valued at approximately $1,223,127.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director E Larry Ryder sold 5,000 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $44.41, for a total value of $222,050.00. Following the completion of the sale, the director now owns 20,780 shares in the company, valued at approximately $922,839.80. The disclosure for this sale can be found here. Insiders sold a total of 30,000 shares of company stock worth $1,305,450 in the last quarter. Company insiders own 2.90% of the company’s stock.

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

Hooker Furniture Corporation (HOFT) opened at 43.60 on Friday. The stock’s 50 day moving average price is $41.99 and its 200-day moving average price is $40.00. Hooker Furniture Corporation has a 52-week low of $24.06 and a 52-week high of $46.60. The company has a market cap of $504.50 million, a P/E ratio of 16.91 and a beta of 0.62.

Hooker Furniture Corporation (NASDAQ:HOFT) last posted its quarterly earnings data on Thursday, September 7th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.06. The firm had revenue of $156.31 million for the quarter, compared to the consensus estimate of $148.56 million. Hooker Furniture Corporation had a return on equity of 15.28% and a net margin of 4.94%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 EPS. On average, equities analysts predict that Hooker Furniture Corporation will post $2.78 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.12 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.48 annualized dividend and a dividend yield of 1.10%. Hooker Furniture Corporation’s dividend payout ratio is presently 18.53%.

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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