Wells Fargo & Company MN Has $4.17 Million Stock Holdings in Hooker Furniture Co. (NASDAQ:HOFT)

Wells Fargo & Company MN raised its holdings in Hooker Furniture Co. (NASDAQ:HOFT) by 12.6% in the second quarter, Holdings Channel.com reports. The fund owned 202,254 shares of the company’s stock after acquiring an additional 22,669 shares during the quarter. Wells Fargo & Company MN’s holdings in Hooker Furniture were worth $4,170,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of HOFT. Aperio Group LLC bought a new position in Hooker Furniture during the second quarter worth $241,000. Pinnacle Associates Ltd. increased its position in Hooker Furniture by 29.9% during the second quarter. Pinnacle Associates Ltd. now owns 18,450 shares of the company’s stock worth $380,000 after acquiring an additional 4,250 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Hooker Furniture by 54.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 16,310 shares of the company’s stock worth $336,000 after acquiring an additional 5,720 shares during the period. BNP Paribas Arbitrage SA increased its position in Hooker Furniture by 953.0% during the first quarter. BNP Paribas Arbitrage SA now owns 2,422 shares of the company’s stock worth $70,000 after acquiring an additional 2,192 shares during the period. Finally, Meeder Asset Management Inc. increased its position in Hooker Furniture by 161.8% during the second quarter. Meeder Asset Management Inc. now owns 6,671 shares of the company’s stock worth $137,000 after acquiring an additional 4,123 shares during the period. Hedge funds and other institutional investors own 85.61% of the company’s stock.

HOFT has been the topic of several analyst reports. TheStreet lowered shares of Hooker Furniture from a “b-” rating to a “c+” rating in a report on Friday, June 14th. ValuEngine raised shares of Hooker Furniture from a “sell” rating to a “hold” rating in a report on Thursday, September 12th.



Hooker Furniture stock traded up $0.34 on Friday, hitting $21.09. The company’s stock had a trading volume of 205,011 shares, compared to its average volume of 91,001. The company has a fifty day moving average price of $19.16 and a 200-day moving average price of $24.40. The company has a quick ratio of 1.86, a current ratio of 3.77 and a debt-to-equity ratio of 0.24. Hooker Furniture Co. has a one year low of $17.09 and a one year high of $35.94. The firm has a market cap of $250.85 million, a P/E ratio of 8.31 and a beta of 0.39.

Hooker Furniture (NASDAQ:HOFT) last posted its earnings results on Thursday, September 5th. The company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.15). Hooker Furniture had a return on equity of 11.54% and a net margin of 4.57%. The firm had revenue of $152.25 million during the quarter.

The company also recently announced a — dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.15 dividend. This represents a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, September 13th.

In other news, insider Douglas Townsend bought 4,900 shares of the stock in a transaction dated Friday, June 28th. The shares were acquired at an average price of $21.64 per share, with a total value of $106,036.00. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

About Hooker Furniture

Hooker Furniture Corporation, together with its subsidiaries, designs, manufactures, imports, and markets residential household, hospitality, and contract furniture in the United States. The company 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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Institutional Ownership by Quarter for Hooker Furniture (NASDAQ:HOFT)

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