OxFORD Asset Management LLP lifted its stake in shares of Hooker Furniture Corporation (NASDAQ:HOFT) by 72.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,920 shares of the company’s stock after acquiring an additional 9,599 shares during the period. OxFORD Asset Management LLP owned approximately 0.20% of Hooker Furniture Corporation worth $943,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Hooker Furniture Corporation by 8.3% during the first 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 in the last quarter. Prudential Financial Inc. bought a new stake in shares of Hooker Furniture Corporation during the second quarter worth $293,000. State Board of Administration of Florida Retirement System increased its position in shares of Hooker Furniture Corporation by 24.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 7,862 shares of the company’s stock worth $244,000 after acquiring an additional 1,533 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Hooker Furniture Corporation by 6.3% during the first 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 in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Hooker Furniture Corporation by 8.2% during the first quarter. Bank of New York Mellon Corp now owns 101,569 shares of the company’s stock worth $3,154,000 after acquiring an additional 7,737 shares in the last quarter. 84.06% of the stock is owned by institutional investors.

In related news, Director E Larry Ryder sold 1,758 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $46.67, for a total transaction of $82,045.86. Following the transaction, the director now owns 15,922 shares in the company, valued at approximately $743,079.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael W. Delgatti sold 10,000 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $43.03, for a total transaction of $430,300.00. Following the transaction, the insider now owns 28,425 shares in the company, valued at approximately $1,223,127.75. The disclosure for this sale can be found here. Insiders have sold a total of 56,607 shares of company stock worth $2,506,409 in the last quarter. 2.90% of the stock is owned by corporate insiders.

Shares of Hooker Furniture Corporation (HOFT) opened at 48.55 on Friday. The company has a market cap of $561.77 million, a P/E ratio of 18.83 and a beta of 0.62. Hooker Furniture Corporation has a 12 month low of $25.55 and a 12 month high of $50.53. The stock’s 50 day moving average is $45.27 and its 200 day moving average is $42.33.

Hooker Furniture Corporation (NASDAQ:HOFT) last released its earnings results on Thursday, September 7th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $156.31 million for the quarter, compared to the consensus estimate of $148.56 million. During the same quarter in the previous year, the company earned $0.46 EPS. Hooker Furniture Corporation’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, analysts anticipate that Hooker Furniture Corporation will post $2.78 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.99%. Hooker Furniture Corporation’s payout ratio is presently 18.53%.

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

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Hooker Furniture Corporation 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.

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

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