IFP Advisors Inc maintained its position in Hooker Furniture Corporation (NASDAQ:HOFT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,147 shares of the company’s stock at the end of the second quarter. IFP Advisors Inc’s holdings in Hooker Furniture Corporation were worth $829,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. raised its position in Hooker Furniture Corporation by 11.5% in the first quarter. Hillsdale Investment Management Inc. now owns 29,200 shares of the company’s stock worth $907,000 after buying an additional 3,000 shares during the last quarter. Ameriprise Financial Inc. raised its position in Hooker Furniture Corporation by 8.3% in the first quarter. Ameriprise Financial Inc. now owns 149,037 shares of the company’s stock worth $4,627,000 after buying an additional 11,481 shares during the last quarter. Bank of New York Mellon Corp raised its position in Hooker Furniture Corporation by 8.2% in the first 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 during the last quarter. US Bancorp DE raised its position in Hooker Furniture Corporation by 2.2% in the first quarter. US Bancorp DE now owns 28,019 shares of the company’s stock worth $870,000 after buying an additional 593 shares during the last quarter. Finally, Algert Global LLC raised its position in Hooker Furniture Corporation by 17.0% in the first quarter. Algert Global LLC now owns 20,945 shares of the company’s stock worth $650,000 after buying an additional 3,050 shares during the last quarter. 83.27% of the stock is owned by institutional investors and hedge funds.

Hooker Furniture Corporation (NASDAQ HOFT) opened at 42.35 on Thursday. The company 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 price is $42.06 and its 200-day moving average price is $38.42. Hooker Furniture Corporation has a 52-week low of $22.36 and a 52-week high of $46.60.

Hooker Furniture Corporation (NASDAQ:HOFT) last announced 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. The firm had revenue of $130.90 million during the quarter, compared to the consensus estimate of $133.83 million. Hooker Furniture Corporation had a return on equity of 14.53% and a net margin of 4.70%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.22 EPS. On average, equities analysts anticipate that Hooker Furniture Corporation will post $2.67 EPS for the current year.

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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 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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