Hooker Furniture (HOFT) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Hooker Furniture (NASDAQ:HOFT) from a strong sell rating to a sell rating in a research note issued to investors on Monday, February 4th.

Separately, TheStreet lowered Hooker Furniture from a b rating to a c+ rating in a report on Friday, October 26th.

Shares of Hooker Furniture stock opened at $31.78 on Monday. Hooker Furniture has a one year low of $24.85 and a one year high of $49.85. The stock has a market capitalization of $369.70 million, a PE ratio of 10.32 and a beta of 0.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.93 and a current ratio of 3.46.

Hooker Furniture (NASDAQ:HOFT) last released its earnings results on Thursday, December 6th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.04. Hooker Furniture had a return on equity of 14.96% and a net margin of 5.16%. The business had revenue of $171.47 million for the quarter.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Pinnacle Associates Ltd. increased its position in Hooker Furniture by 40.2% during the third quarter. Pinnacle Associates Ltd. now owns 8,200 shares of the company’s stock worth $277,000 after buying an additional 2,350 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Hooker Furniture during the third quarter worth approximately $1,313,000. Foundry Partners LLC increased its position in Hooker Furniture by 14.4% during the third quarter. Foundry Partners LLC now owns 76,230 shares of the company’s stock worth $2,577,000 after buying an additional 9,605 shares during the last quarter. BlackRock Inc. increased its position in Hooker Furniture by 7.3% during the second quarter. BlackRock Inc. now owns 771,278 shares of the company’s stock worth $36,173,000 after buying an additional 52,659 shares during the last quarter. Finally, NWQ Investment Management Company LLC increased its position in Hooker Furniture by 4.5% during the third quarter. NWQ Investment Management Company LLC now owns 1,454,712 shares of the company’s stock worth $43,161,000 after buying an additional 63,170 shares during the last quarter. 86.48% of the stock is currently owned by hedge funds and other 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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