Vanguard Group Inc. boosted its stake in Hooker Furniture Corporation (NASDAQ:HOFT) by 4.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 478,708 shares of the company’s stock after buying an additional 19,505 shares during the quarter. Vanguard Group Inc. owned approximately 4.14% of Hooker Furniture Corporation worth $19,699,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in HOFT. Legal & General Group Plc lifted its position in Hooker Furniture Corporation by 40.0% in the 2nd quarter. Legal & General Group Plc now owns 2,424 shares of the company’s stock worth $100,000 after buying an additional 693 shares in the last quarter. Bank of Montreal Can lifted its position in Hooker Furniture Corporation by 455.0% in the 2nd quarter. Bank of Montreal Can now owns 4,645 shares of the company’s stock worth $191,000 after buying an additional 3,808 shares in the last quarter. American International Group Inc. lifted its position in Hooker Furniture Corporation by 7.1% in the 1st quarter. American International Group Inc. now owns 6,988 shares of the company’s stock worth $217,000 after buying an additional 464 shares in the last quarter. First Interstate Bank lifted its position in Hooker Furniture Corporation by 2.2% in the 2nd quarter. First Interstate Bank now owns 5,333 shares of the company’s stock worth $219,000 after buying an additional 115 shares in the last quarter. Finally, Aperio Group LLC purchased a new stake in Hooker Furniture Corporation in the 2nd quarter worth approximately $260,000. Institutional investors own 84.74% of the company’s stock.

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Shares of Hooker Furniture Corporation (NASDAQ:HOFT) opened at $45.15 on Thursday. Hooker Furniture Corporation has a 12-month low of $26.60 and a 12-month high of $50.53. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.08 and a quick ratio of 2.47. The stock has a market cap of $526.02, a P/E ratio of 17.26 and a beta of 0.64.

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, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $148.56 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The company’s revenue was up 14.8% compared to the same quarter last year.

In other news, insider Anne Jacobsen sold 2,350 shares of the firm’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $45.62, for a total transaction of $107,207.00. Following the transaction, the insider now owns 5,283 shares in the company, valued at approximately $241,010.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director E Larry Ryder sold 1,758 shares of the firm’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 disclosure for this sale can be found here. In the last quarter, insiders sold 56,607 shares of company stock valued at $2,506,409. Insiders own 2.90% of the company’s stock.

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

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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