Wells Fargo & Company MN increased its position in shares of Hooker Furniture Co. (NASDAQ:HOFT) by 30.3% during the third quarter, Holdings Channel reports. The institutional investor owned 56,551 shares of the company’s stock after purchasing an additional 13,160 shares during the period. Wells Fargo & Company MN’s holdings in Hooker Furniture were worth $2,700,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of HOFT. Schwab Charles Investment Management Inc. increased its holdings in Hooker Furniture by 62.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 29,953 shares of the company’s stock worth $1,233,000 after buying an additional 11,519 shares during the last quarter. Legal & General Group Plc boosted its position in Hooker Furniture by 40.0% during the second quarter. Legal & General Group Plc now owns 2,424 shares of the company’s stock worth $100,000 after purchasing an additional 693 shares during the period. American Century Companies Inc. boosted its position in Hooker Furniture by 142.0% during the second quarter. American Century Companies Inc. now owns 24,990 shares of the company’s stock worth $1,028,000 after purchasing an additional 14,662 shares during the period. Prudential Financial Inc. bought a new position in Hooker Furniture during the second quarter worth $293,000. Finally, Swiss National Bank bought a new position in Hooker Furniture during the second quarter worth $753,000. Institutional investors and hedge funds own 85.14% of the company’s stock.

Separately, BidaskClub cut shares of Hooker Furniture from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th.

In other Hooker Furniture news, insider Michael W. Delgatti sold 6,847 shares of Hooker Furniture stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $42.53, for a total transaction of $291,202.91. Following the completion of the transaction, the insider now directly owns 17,972 shares of the company’s stock, valued at $764,349.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.90% of the company’s stock.

Hooker Furniture Co. (NASDAQ HOFT) opened at $42.00 on Friday. The company has a current ratio of 3.53, a quick ratio of 2.07 and a debt-to-equity ratio of 0.21. Hooker Furniture Co. has a 52-week low of $29.75 and a 52-week high of $52.75. The company has a market cap of $494.00, a price-to-earnings ratio of 15.79 and a beta of 0.65.

Hooker Furniture (NASDAQ:HOFT) last released its quarterly earnings data on Thursday, December 7th. The company reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.04). Hooker Furniture had a return on equity of 14.89% and a net margin of 4.96%. The company had revenue of $157.90 million for the quarter, compared to the consensus estimate of $160.02 million. During the same period last year, the firm earned $0.56 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 18th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.33%. This is a boost from Hooker Furniture’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, December 15th. Hooker Furniture’s payout ratio is 21.21%.

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Hooker Furniture 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 (NASDAQ:HOFT)

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