ZPR Investment Management lessened its position in Hooker Furniture Corporation (NASDAQ:HOFT) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,105 shares of the company’s stock after selling 525 shares during the quarter. ZPR Investment Management owned about 0.18% of Hooker Furniture Corporation worth $868,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HOFT. JPMorgan Chase & Co. raised its holdings in Hooker Furniture Corporation by 405.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 219,077 shares of the company’s stock worth $9,015,000 after acquiring an additional 175,712 shares during the period. Tygh Capital Management Inc. bought a new position in Hooker Furniture Corporation in the 2nd quarter worth $3,618,000. Punch & Associates Investment Management Inc. raised its holdings in Hooker Furniture Corporation by 43.2% in the 2nd quarter. Punch & Associates Investment Management Inc. now owns 288,685 shares of the company’s stock worth $11,879,000 after acquiring an additional 87,040 shares during the period. Vanguard Group Inc. raised its holdings in Hooker Furniture Corporation by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 459,203 shares of the company’s stock worth $14,258,000 after acquiring an additional 35,153 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Hooker Furniture Corporation by 6.3% in the 1st quarter. Renaissance Technologies LLC now owns 423,327 shares of the company’s stock worth $13,144,000 after acquiring an additional 24,962 shares during the period. Hedge funds and other institutional investors own 84.06% of the company’s stock.

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Shares of Hooker Furniture Corporation (NASDAQ:HOFT) traded down 0.41% on Monday, reaching $48.30. 12,513 shares of the company traded hands. The stock has a 50 day moving average of $43.97 and a 200 day moving average of $41.61. Hooker Furniture Corporation has a 52-week low of $24.93 and a 52-week high of $50.53. The stock has a market cap of $558.88 million, a price-to-earnings ratio of 18.73 and a beta of 0.62.

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

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.99%. The ex-dividend date was Thursday, September 14th. Hooker Furniture Corporation’s dividend payout ratio (DPR) is currently 18.53%.

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

In other news, COO George Revington sold 5,194 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $43.52, for a total value of $226,042.88. Following the transaction, the chief operating officer now directly owns 54,951 shares of the company’s stock, valued at $2,391,467.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael W. Delgatti sold 5,000 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $43.58, for a total transaction of $217,900.00. Following the completion of the transaction, the insider now directly owns 33,525 shares in the company, valued at $1,461,019.50. The disclosure for this sale can be found here. Insiders have sold 56,607 shares of company stock worth $2,506,409 over the last ninety days. Insiders own 2.90% of the company’s stock.

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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