Dimensional Fund Advisors LP Has $39.88 Million Position in Hooker Furniture Corporation (HOFT)

Dimensional Fund Advisors LP cut its holdings in shares of Hooker Furniture Corporation (NASDAQ:HOFT) by 0.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 969,134 shares of the company’s stock after selling 3,235 shares during the quarter. Dimensional Fund Advisors LP owned 8.39% of Hooker Furniture Corporation worth $39,880,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Prudential Financial Inc. acquired a new stake in Hooker Furniture Corporation during the 2nd quarter worth about $293,000. Vanguard Group Inc. boosted its position in Hooker Furniture Corporation by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 459,203 shares of the company’s stock worth $14,258,000 after acquiring an additional 35,153 shares during the period. State Board of Administration of Florida Retirement System boosted its position in Hooker Furniture Corporation by 24.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 7,862 shares of the company’s stock worth $244,000 after acquiring an additional 1,533 shares during the period. Renaissance Technologies LLC boosted its position in Hooker Furniture Corporation by 6.3% during the 1st quarter. Renaissance Technologies LLC now owns 423,327 shares of the company’s stock worth $13,144,000 after acquiring an additional 24,962 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Hooker Furniture Corporation by 8.2% during the 1st quarter. Bank of New York Mellon Corp now owns 101,569 shares of the company’s stock worth $3,154,000 after acquiring an additional 7,737 shares during the period. Hedge funds and other institutional investors own 83.77% of the company’s stock.

Shares of Hooker Furniture Corporation (HOFT) traded up $0.05 during midday trading on Friday, reaching $43.75. The company’s stock had a trading volume of 26,300 shares, compared to its average volume of 64,441. The firm has a market cap of $507.48, a price-to-earnings ratio of 16.62 and a beta of 0.64. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.08 and a quick ratio of 2.47. Hooker Furniture Corporation has a 12-month low of $26.60 and a 12-month high of $50.53.

Hooker Furniture Corporation (NASDAQ:HOFT) last announced its quarterly earnings results on Thursday, September 7th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.06. The business had revenue of $156.31 million during the quarter, compared to analyst estimates of $148.56 million. Hooker Furniture Corporation had a return on equity of 15.28% and a net margin of 4.94%. The firm’s revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 EPS.

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

In other news, Director David G. Sweet sold 2,499 shares of Hooker Furniture Corporation stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $43.98, for a total transaction of $109,906.02. Following the completion of the sale, the director now directly owns 11,416 shares in the company, valued at approximately $502,075.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Anne Jacobsen sold 2,350 shares of Hooker Furniture Corporation stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $45.62, for a total value of $107,207.00. Following the sale, the insider now owns 5,283 shares of the company’s stock, valued at $241,010.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,607 shares of company stock valued at $2,506,409. 2.90% of the stock is owned by corporate insiders.

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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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