BidaskClub downgraded shares of Hooker Furniture (NASDAQ:HOFT) from a hold rating to a sell rating in a research note published on Friday.

NASDAQ HOFT opened at $39.00 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.53 and a quick ratio of 2.07. The company has a market cap of $449.32, a P/E ratio of 14.75 and a beta of 0.47. Hooker Furniture has a 52 week low of $35.90 and a 52 week high of $52.75.

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Hooker Furniture (NASDAQ:HOFT) last posted its quarterly earnings data on Thursday, April 5th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.78 by $0.12. The firm had revenue of $175.52 million during the quarter, compared to analyst estimates of $171.78 million. Hooker Furniture had a net margin of 4.60% and a return on equity of 14.39%. Hooker Furniture’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.95 EPS.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Monday, March 19th were paid a dividend of $0.14 per share. The ex-dividend date was Friday, March 16th. This represents a $0.56 annualized dividend and a dividend yield of 1.44%.

Several hedge funds and other institutional investors have recently bought and sold shares of HOFT. Kennedy Capital Management Inc. bought a new position in shares of Hooker Furniture during the 4th quarter worth approximately $6,869,000. NWQ Investment Management Company LLC raised its stake in shares of Hooker Furniture by 8.3% during the 4th quarter. NWQ Investment Management Company LLC now owns 1,362,567 shares of the company’s stock worth $57,841,000 after acquiring an additional 103,891 shares in the last quarter. Thomson Horstmann & Bryant Inc. raised its stake in shares of Hooker Furniture by 54.0% during the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 161,776 shares of the company’s stock worth $6,867,000 after acquiring an additional 56,702 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Hooker Furniture during the 3rd quarter worth approximately $2,584,000. Finally, Chartwell Investment Partners LLC raised its stake in shares of Hooker Furniture by 64.5% during the 4th quarter. Chartwell Investment Partners LLC now owns 128,114 shares of the company’s stock worth $5,438,000 after acquiring an additional 50,210 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

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About Hooker Furniture

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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