Todays Report: Today, Algert Global LLC Cuts Stake in Hooker Furniture Corp. (HOFT)

Today, Algert Global LLC Cuts Stake in Hooker Furniture Corp. (HOFT)

Algert Global LLC lowered its position in shares of Hooker Furniture Corp. (NASDAQ:HOFT) by 60.8% during the third quarter, Holdings Channel reports. The firm owned 10,426 shares of the company’s stock after selling 16,142 shares during the period. Algert Global LLC owned approximately 0.09% of Hooker Furniture Corp. worth $255,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in HOFT. BlackRock Advisors LLC boosted its stake in Hooker Furniture Corp. by 1.4% in the second quarter. BlackRock Advisors LLC now owns 5,666 shares of the company’s stock worth $122,000 after buying an additional 76 shares during the period. Anchor Capital Advisors LLC boosted its position in shares of Hooker Furniture Corp. by 0.9% in the second quarter. Anchor Capital Advisors LLC now owns 28,809 shares of the company’s stock worth $619,000 after buying an additional 264 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Hooker Furniture Corp. by 4.0% in the second quarter. California State Teachers Retirement System now owns 23,790 shares of the company’s stock worth $511,000 after buying an additional 922 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Hooker Furniture Corp. by 1.7% in the second quarter. AQR Capital Management LLC now owns 107,307 shares of the company’s stock worth $2,306,000 after buying an additional 1,784 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Hooker Furniture Corp. by 3.9% in the second quarter. State Street Corp now owns 153,295 shares of the company’s stock worth $3,294,000 after buying an additional 5,810 shares in the last quarter. Institutional investors own 80.34% of the company’s stock.

Shares of Hooker Furniture Corp. (NASDAQ:HOFT) traded down 1.46% on Friday, reaching $26.95. 188,356 shares of the company’s stock were exchanged. Hooker Furniture Corp. has a 12 month low of $20.29 and a 12 month high of $35.95. The company has a market cap of $310.90 million, a price-to-earnings ratio of 18.26 and a beta of 0.73. The firm’s 50-day moving average price is $26.36 and its 200 day moving average price is $24.44.

Hooker Furniture Corp. (NASDAQ:HOFT) last released its quarterly earnings data on Thursday, September 8th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.04. The company had revenue of $136.20 million for the quarter, compared to analyst estimates of $144.40 million. Hooker Furniture Corp. had a net margin of 4.33% and a return on equity of 10.93%. Hooker Furniture Corp.’s revenue for the quarter was up 126.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 EPS. Equities research analysts predict that Hooker Furniture Corp. will post $1.80 EPS for the current fiscal year.

Hooker Furniture Corp. 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.

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