Alliancebernstein L.P. bought a new stake in shares of Hooker Furniture Corporation (NASDAQ:HOFT) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 6,500 shares of the company’s stock, valued at approximately $267,000. Alliancebernstein L.P. owned 0.06% of Hooker Furniture Corporation as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Prudential Financial Inc. purchased a new stake in shares of Hooker Furniture Corporation during the 2nd quarter valued at about $293,000. Vanguard Group Inc. raised its holdings 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 valued at $14,258,000 after buying an additional 35,153 shares during the period. Renaissance Technologies LLC raised its holdings 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 valued at $13,144,000 after buying an additional 24,962 shares during the period. Bank of New York Mellon Corp raised its holdings 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 valued at $3,154,000 after buying an additional 7,737 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Hooker Furniture Corporation by 142.0% during the 2nd quarter. American Century Companies Inc. now owns 24,990 shares of the company’s stock valued at $1,028,000 after buying an additional 14,662 shares during the period. Institutional investors and hedge funds own 83.77% of the company’s stock.

In other Hooker Furniture Corporation news, Director E Larry Ryder sold 5,000 shares of Hooker Furniture Corporation stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $44.41, for a total transaction of $222,050.00. Following the sale, the director now directly owns 20,780 shares in the company, valued at approximately $922,839.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael W. Delgatti sold 10,000 shares of Hooker Furniture Corporation stock in a transaction that occurred 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 $1,223,127.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,607 shares of company stock worth $2,506,409. Company insiders own 2.90% of the company’s stock.

Separately, BidaskClub downgraded Hooker Furniture Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 18th.

Shares of Hooker Furniture Corporation (HOFT) opened at $43.75 on Friday. The company has a market capitalization of $506.33, a PE ratio of 16.62 and a beta of 0.64. The company has a current ratio of 4.08, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19. Hooker Furniture Corporation has a twelve month low of $26.60 and a twelve month high of $50.53.

Hooker Furniture Corporation (NASDAQ:HOFT) last announced its earnings results on Thursday, September 7th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.61 by $0.06. The business 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 revenue was up 14.8% on a year-over-year basis. During the same period last year, the business posted $0.46 EPS.

COPYRIGHT VIOLATION WARNING: This article was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another domain, it was copied illegally and reposted in violation of international copyright and trademark law. The correct version of this article can be accessed at https://www.dailypolitical.com/2017/11/11/6500-shares-in-hooker-furniture-corporation-hoft-acquired-by-alliancebernstein-l-p.html.

About Hooker Furniture Corporation

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.

Want to see what other hedge funds are holding HOFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hooker Furniture Corporation (NASDAQ:HOFT).

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

Receive News & Ratings for Hooker Furniture Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hooker Furniture Corporation and related companies with MarketBeat.com's FREE daily email newsletter.