Hooker Furniture (NASDAQ:HOFT) Share Price Passes Above Two Hundred Day Moving Average of $18.43

Shares of Hooker Furniture Co. (NASDAQ:HOFT) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.43 and traded as high as $22.17. Hooker Furniture shares last traded at $21.40, with a volume of 51,939 shares traded.

HOFT has been the subject of several research reports. ValuEngine cut shares of Hooker Furniture from a “hold” rating to a “sell” rating in a research note on Monday, June 15th. Sidoti upped their price objective on shares of Hooker Furniture from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Finally, BidaskClub raised shares of Hooker Furniture from a “hold” rating to a “buy” rating in a research note on Wednesday, July 15th.

The company has a market cap of $254.45 million, a PE ratio of 18.14 and a beta of 0.75. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.58 and a current ratio of 3.55. The firm’s 50 day moving average is $19.76 and its 200-day moving average is $18.43.

Hooker Furniture (NASDAQ:HOFT) last announced its quarterly earnings data on Friday, June 12th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.11). The business had revenue of $104.60 million for the quarter. Hooker Furniture had a negative net margin of 3.40% and a positive return on equity of 5.35%.

A number of large investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA boosted its holdings in Hooker Furniture by 29.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,603 shares of the company’s stock valued at $56,000 after purchasing an additional 829 shares during the last quarter. Rhumbline Advisers boosted its holdings in Hooker Furniture by 6.3% in the 1st quarter. Rhumbline Advisers now owns 19,473 shares of the company’s stock valued at $304,000 after purchasing an additional 1,150 shares during the last quarter. First Trust Advisors LP boosted its holdings in Hooker Furniture by 7.9% in the 2nd quarter. First Trust Advisors LP now owns 23,805 shares of the company’s stock valued at $463,000 after purchasing an additional 1,746 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Hooker Furniture by 1.1% in the 1st quarter. Wells Fargo & Company MN now owns 331,915 shares of the company’s stock valued at $5,181,000 after purchasing an additional 3,583 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Hooker Furniture by 6.6% in the 1st quarter. Victory Capital Management Inc. now owns 61,235 shares of the company’s stock valued at $956,000 after purchasing an additional 3,778 shares during the last quarter. Institutional investors own 89.88% of the company’s stock.

Hooker Furniture Company Profile (NASDAQ:HOFT)

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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