Hooker Furniture (NASDAQ:HOFT) issued its quarterly earnings data on Thursday. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04, MarketWatch Earnings reports. Hooker Furniture had a net margin of 4.94% and a return on equity of 14.49%.

Shares of Hooker Furniture stock opened at $28.97 on Friday. The company has a current ratio of 3.64, a quick ratio of 1.99 and a debt-to-equity ratio of 0.14. Hooker Furniture has a 52 week low of $27.24 and a 52 week high of $49.85. The stock has a market capitalization of $323.62 million, a price-to-earnings ratio of 9.60 and a beta of 0.37.

Several equities research analysts have commented on the stock. TheStreet cut shares of Hooker Furniture from a “b” rating to a “c+” rating in a research report on Friday, October 26th. BidaskClub cut shares of Hooker Furniture from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 5th. Sidoti upgraded shares of Hooker Furniture from a “neutral” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Wednesday, October 3rd. Finally, ValuEngine cut shares of Hooker Furniture from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th.

In other Hooker Furniture news, insider Donald Lee Boone purchased 1,000 shares of the company’s stock in a transaction on Friday, September 28th. The shares were purchased at an average cost of $33.90 per share, for a total transaction of $33,900.00. Following the completion of the transaction, the insider now owns 1,000 shares in the company, valued at $33,900. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Hooker Furniture by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 528,035 shares of the company’s stock worth $17,848,000 after purchasing an additional 4,496 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in Hooker Furniture by 12.5% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 110,593 shares of the company’s stock worth $3,738,000 after purchasing an additional 12,320 shares in the last quarter. MetLife Investment Advisors LLC increased its stake in Hooker Furniture by 50.1% in the 3rd quarter. MetLife Investment Advisors LLC now owns 8,169 shares of the company’s stock worth $276,000 after purchasing an additional 2,725 shares in the last quarter. NWQ Investment Management Company LLC increased its stake in Hooker Furniture by 4.5% in the 3rd quarter. NWQ Investment Management Company LLC now owns 1,454,712 shares of the company’s stock worth $43,161,000 after purchasing an additional 63,170 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Hooker Furniture by 11.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 164,090 shares of the company’s stock worth $5,546,000 after purchasing an additional 16,681 shares in the last quarter. 86.67% of the stock is currently owned by hedge funds and other institutional investors.

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About Hooker Furniture

Hooker Furniture Corporation, together with its subsidiaries, designs, manufactures, imports, and markets residential household furniture products in the United States. It operates through Hooker Branded, Home Meridian, and All Other segments. The Hooker Branded segment offers a range of design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand name; and imported upholstered furniture.

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Earnings History for Hooker Furniture (NASDAQ:HOFT)

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