5,251 Shares in Hooker Furniture Co. (HOFT) Acquired by Macquarie Group Ltd.

Macquarie Group Ltd. bought a new stake in Hooker Furniture Co. (NASDAQ:HOFT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,251 shares of the company’s stock, valued at approximately $251,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Hooker Furniture by 4.2% during the 2nd quarter. Vanguard Group Inc. now owns 478,708 shares of the company’s stock worth $19,699,000 after acquiring an additional 19,505 shares in the last quarter. Northern Trust Corp boosted its position in shares of Hooker Furniture by 5.5% in the second quarter. Northern Trust Corp now owns 414,839 shares of the company’s stock worth $17,070,000 after buying an additional 21,530 shares during the period. Punch & Associates Investment Management Inc. boosted its position in shares of Hooker Furniture by 43.2% in the second quarter. Punch & Associates Investment Management Inc. now owns 288,685 shares of the company’s stock worth $11,879,000 after buying an additional 87,040 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Hooker Furniture by 405.2% in the second quarter. JPMorgan Chase & Co. now owns 219,077 shares of the company’s stock worth $9,015,000 after buying an additional 175,712 shares during the period. Finally, State Street Corp boosted its position in shares of Hooker Furniture by 8.9% in the second quarter. State Street Corp now owns 199,373 shares of the company’s stock worth $8,202,000 after buying an additional 16,234 shares during the period. Hedge funds and other institutional investors own 85.14% of the company’s stock.

Hooker Furniture Co. (NASDAQ HOFT) traded up $0.80 during midday trading on Thursday, reaching $41.70. The company’s stock had a trading volume of 35,299 shares, compared to its average volume of 71,462. The company has a current ratio of 3.53, a quick ratio of 2.07 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $481.08, a price-to-earnings ratio of 15.80 and a beta of 0.65. Hooker Furniture Co. has a one year low of $29.75 and a one year high of $52.75.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 18th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.34%. This is an increase from Hooker Furniture’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, December 15th. Hooker Furniture’s payout ratio is presently 21.21%.

In other Hooker Furniture news, insider Michael W. Delgatti sold 6,847 shares of Hooker Furniture stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $42.53, for a total transaction of $291,202.91. Following the sale, 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 Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is currently owned by insiders.

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

WARNING: “5,251 Shares in Hooker Furniture Co. (HOFT) Acquired by Macquarie Group Ltd.” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another domain, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this article can be read at https://www.dispatchtribunal.com/2018/01/11/macquarie-group-ltd-buys-new-holdings-in-hooker-furniture-co-hoft.html.

Hooker Furniture Company 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.

Institutional Ownership by Quarter for Hooker Furniture (NASDAQ:HOFT)

Receive News & Ratings for Hooker Furniture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hooker Furniture and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply