Hooker Furniture (NASDAQ:HOFT) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a report issued on Thursday.

Several other equities research analysts also recently issued reports on HOFT. BidaskClub downgraded Hooker Furniture from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 7th. Sidoti downgraded Hooker Furniture from a “buy” rating to a “neutral” rating and set a $43.00 target price for the company. in a report on Tuesday, September 18th.

Hooker Furniture stock traded down $0.75 during mid-day trading on Thursday, hitting $33.85. 31,200 shares of the company’s stock traded hands, compared to its average volume of 61,199. Hooker Furniture has a fifty-two week low of $33.65 and a fifty-two week high of $52.75. The company has a market capitalization of $416.61 million, a price-to-earnings ratio of 12.36 and a beta of 0.17. 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 (NASDAQ:HOFT) last announced its quarterly earnings results on Thursday, August 30th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.05). Hooker Furniture had a net margin of 4.94% and a return on equity of 14.49%. The business had revenue of $168.66 million for the quarter.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Rhumbline Advisers lifted its holdings in shares of Hooker Furniture by 14.0% during the second quarter. Rhumbline Advisers now owns 11,738 shares of the company’s stock worth $551,000 after buying an additional 1,443 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Hooker Furniture by 17.9% during the second quarter. First Trust Advisors LP now owns 13,356 shares of the company’s stock worth $626,000 after buying an additional 2,032 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Hooker Furniture by 10.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 24,075 shares of the company’s stock worth $884,000 after buying an additional 2,300 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Hooker Furniture by 13.5% during the second quarter. Swiss National Bank now owns 21,800 shares of the company’s stock worth $1,022,000 after buying an additional 2,600 shares in the last quarter. Finally, Algert Global LLC lifted its holdings in shares of Hooker Furniture by 7.6% during the second quarter. Algert Global LLC now owns 38,542 shares of the company’s stock worth $1,808,000 after buying an additional 2,728 shares in the last quarter. 86.38% of the stock is owned by institutional investors.

Hooker Furniture Company Profile

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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