Thomson Horstmann & Bryant Inc. Cuts Position in Hooker Furniture Corporation (NASDAQ:HOFT)

Thomson Horstmann & Bryant Inc. reduced its stake in shares of Hooker Furniture Corporation (NASDAQ:HOFT) by 14.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 150,488 shares of the company’s stock after selling 25,982 shares during the period. Thomson Horstmann & Bryant Inc. owned approximately 1.30% of Hooker Furniture Corporation worth $6,192,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of HOFT. Bank of Montreal Can increased its position in shares of Hooker Furniture Corporation by 455.0% in the second quarter. Bank of Montreal Can now owns 4,645 shares of the company’s stock valued at $191,000 after buying an additional 3,808 shares during the last quarter. American International Group Inc. increased its position in shares of Hooker Furniture Corporation by 7.1% in the first quarter. American International Group Inc. now owns 6,988 shares of the company’s stock valued at $217,000 after buying an additional 464 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Hooker Furniture Corporation during the fourth quarter valued at approximately $223,000. State Board of Administration of Florida Retirement System bought a new position in shares of Hooker Furniture Corporation during the fourth quarter valued at approximately $240,000. Finally, Guggenheim Capital LLC bought a new position in shares of Hooker Furniture Corporation during the fourth quarter valued at approximately $258,000. 83.27% of the stock is owned by institutional investors and hedge funds.

Hooker Furniture Corporation (HOFT) traded up 0.95% during trading on Friday, hitting $42.35. 30,183 shares of the stock traded hands. The company has a 50-day moving average price of $42.22 and a 200-day moving average price of $38.50. Hooker Furniture Corporation has a 12 month low of $22.36 and a 12 month high of $46.60. The stock has a market cap of $489.35 million, a PE ratio of 17.88 and a beta of 0.60.

Hooker Furniture Corporation (NASDAQ:HOFT) last released its quarterly earnings results on Thursday, June 8th. The company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by $0.05. Hooker Furniture Corporation had a return on equity of 14.53% and a net margin of 4.70%. The company had revenue of $130.90 million during the quarter, compared to analysts’ expectations of $133.83 million. During the same period in the prior year, the firm earned $0.22 EPS. Hooker Furniture Corporation’s quarterly revenue was up 7.5% on a year-over-year basis. Equities research analysts expect that Hooker Furniture Corporation will post $2.67 EPS for the current year.

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Separately, BidaskClub raised shares of Hooker Furniture Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th.

About Hooker Furniture Corporation

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.

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

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