Victory Capital Management Inc. Decreases Stake in Hooker Furniture Co. (NASDAQ:HOFT)

Victory Capital Management Inc. lowered its position in Hooker Furniture Co. (NASDAQ:HOFT) by 36.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,272 shares of the company’s stock after selling 2,968 shares during the quarter. Victory Capital Management Inc.’s holdings in Hooker Furniture were worth $183,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Exchange Traded Concepts LLC purchased a new position in Hooker Furniture in the second quarter worth approximately $483,000. Punch & Associates Investment Management Inc. lifted its stake in Hooker Furniture by 17.6% in the first quarter. Punch & Associates Investment Management Inc. now owns 467,942 shares of the company’s stock worth $17,061,000 after acquiring an additional 69,877 shares during the last quarter. Morgan Stanley lifted its stake in Hooker Furniture by 10.8% in the first quarter. Morgan Stanley now owns 18,873 shares of the company’s stock worth $688,000 after acquiring an additional 1,835 shares during the last quarter. Zebra Capital Management LLC purchased a new position in Hooker Furniture in the first quarter worth approximately $429,000. Finally, Royal Bank of Canada lifted its stake in Hooker Furniture by 14.3% in the first quarter. Royal Bank of Canada now owns 26,668 shares of the company’s stock worth $973,000 after acquiring an additional 3,328 shares during the last quarter. Institutional investors own 84.89% of the company’s stock.

Separately, TheStreet downgraded shares of Hooker Furniture from a “b” rating to a “c+” rating in a research report on Thursday, September 9th.

In other Hooker Furniture news, Director Henry G. Williamson, Jr. bought 5,000 shares of the business’s stock in a transaction dated Friday, July 2nd. The shares were acquired at an average cost of $34.81 per share, with a total value of $174,050.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.40% of the company’s stock.

Shares of NASDAQ:HOFT opened at $26.37 on Tuesday. The company has a market capitalization of $314.44 million, a PE ratio of 8.94 and a beta of 0.88. Hooker Furniture Co. has a twelve month low of $24.98 and a twelve month high of $42.90. The firm has a 50 day simple moving average of $32.37 and a 200-day simple moving average of $35.37.

Hooker Furniture (NASDAQ:HOFT) last issued its quarterly earnings data on Wednesday, September 8th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.03). Hooker Furniture had a return on equity of 13.78% and a net margin of 5.64%.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Thursday, September 16th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, September 15th. This represents a $0.72 annualized dividend and a dividend yield of 2.73%.

Hooker Furniture Company Profile

Hooker Furniture Corp. is a home furnishings marketing and logistics company. It offers worldwide sourcing of residential casegoods and upholstery, as well as domestically-produced custom leather and fabric-upholstered furniture. The company operates its business through three segments: Hooker Branded, Home Meridian, and Domestic Upholstery.

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

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