Alps Advisors Inc. boosted its position in shares of Hooker Furniture Corporation (NASDAQ:HOFT) by 0.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,522 shares of the company’s stock after buying an additional 41 shares during the period. Alps Advisors Inc. owned 0.13% of Hooker Furniture Corporation worth $639,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in HOFT. EAM Investors LLC boosted its stake in shares of Hooker Furniture Corporation by 29.0% in the first quarter. EAM Investors LLC now owns 96,282 shares of the company’s stock worth $2,990,000 after buying an additional 21,670 shares in the last quarter. Martingale Asset Management L P boosted its stake in shares of Hooker Furniture Corporation by 20.6% in the first quarter. Martingale Asset Management L P now owns 49,704 shares of the company’s stock worth $1,544,000 after buying an additional 8,500 shares in the last quarter. Oxford Asset Management purchased a new stake in shares of Hooker Furniture Corporation during the first quarter worth approximately $414,000. Hillsdale Investment Management Inc. boosted its stake in shares of 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 in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 84.20% of the company’s stock.

Shares of Hooker Furniture Corporation (NASDAQ:HOFT) opened at 41.15 on Monday. Hooker Furniture Corporation has a 52 week low of $22.79 and a 52 week high of $46.60. The firm has a 50-day moving average of $42.48 and a 200-day moving average of $38.79. The firm has a market cap of $475.49 million, a PE ratio of 17.37 and a beta of 0.60.

Hooker Furniture Corporation (NASDAQ:HOFT) last announced its quarterly earnings results on Thursday, June 8th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $130.90 million during the quarter, compared to analysts’ expectations of $133.83 million. During the same period in the previous year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, analysts expect that Hooker Furniture Corporation will post $2.67 EPS for the current year.

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Separately, BidaskClub upgraded shares of Hooker Furniture Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th.

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.

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

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