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

HOFT opened at $28.97 on Friday. The firm has a market cap of $323.62 million, a PE ratio of 9.60 and a beta of 0.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.64 and a quick ratio of 1.99. Hooker Furniture has a fifty-two week low of $27.24 and a fifty-two week high of $49.85.

Several equities research analysts have recently weighed in on HOFT shares. ValuEngine lowered Hooker Furniture from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Sidoti lowered Hooker Furniture from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company. in a research note on Tuesday, September 18th. BidaskClub raised Hooker Furniture from a “strong sell” rating to a “sell” rating in a research note on Monday, August 13th. Finally, TheStreet lowered Hooker Furniture from a “b” rating to a “c+” rating in a research note on Friday, October 26th.

In related news, insider Donald Lee Boone acquired 1,000 shares of Hooker Furniture stock in a transaction dated Friday, September 28th. The stock was acquired at an average cost of $33.90 per share, with a total value of $33,900.00. Following the purchase, the insider now directly owns 1,000 shares in the company, valued at approximately $33,900. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.50% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. lifted its holdings in shares of Hooker Furniture by 1,726.1% in the third quarter. Meeder Asset Management Inc. now owns 3,214 shares of the company’s stock valued at $108,000 after purchasing an additional 3,038 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Hooker Furniture in the third quarter valued at $143,000. Russell Investments Group Ltd. purchased a new stake in shares of Hooker Furniture in the third quarter valued at $211,000. Voya Investment Management LLC purchased a new stake in shares of Hooker Furniture in the second quarter valued at $227,000. Finally, Pinnacle Associates Ltd. purchased a new stake in shares of Hooker Furniture in the second quarter valued at $274,000. 86.67% of the stock is owned by institutional investors and hedge funds.

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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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