Royce & Associates LP Has $65,382,000 Position in Hooker Furniture Corporation (HOFT)

Royce & Associates LP increased its position in Hooker Furniture Corporation (NASDAQ:HOFT) by 3.4% during the fourth quarter, Holdings Channel reports. The fund owned 1,722,858 shares of the company’s stock after buying an additional 57,358 shares during the period. Royce & Associates LP owned approximately 0.15% of Hooker Furniture Corporation worth $65,382,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Walleye Trading LLC boosted its stake in Hooker Furniture Corporation by 649.1% in the second quarter. Walleye Trading LLC now owns 8,300 shares of the company’s stock worth $178,000 after buying an additional 7,192 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Hooker Furniture Corporation during the fourth quarter worth $223,000. State Board of Administration of Florida Retirement System purchased a new position in Hooker Furniture Corporation during the fourth quarter worth about $240,000. Acrospire Investment Management LLC purchased a new position in Hooker Furniture Corporation during the third quarter worth about $265,000. Finally, Delphi Management Inc. MA purchased a new position in Hooker Furniture Corporation during the third quarter worth about $455,000. 82.34% of the stock is owned by institutional investors and hedge funds.

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

Hooker Furniture Corporation (NASDAQ:HOFT) traded up 0.62% on Tuesday, reaching $32.30. The company had a trading volume of 27,996 shares. The company has a market capitalization of $372.61 million, a price-to-earnings ratio of 20.05 and a beta of 0.76. Hooker Furniture Corporation has a 12 month low of $20.29 and a 12 month high of $39.50. The company’s 50 day moving average price is $34.72 and its 200-day moving average price is $28.47.

Hooker Furniture Corporation (NASDAQ:HOFT) last released its quarterly earnings data on Wednesday, December 7th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.10. Hooker Furniture Corporation had a return on equity of 11.54% and a net margin of 3.98%. The company earned $145.30 million during the quarter, compared to analysts’ expectations of $148.67 million. During the same period last year, the firm posted $0.43 earnings per share. The business’s revenue was up 122.4% on a year-over-year basis. On average, equities analysts predict that Hooker Furniture Corporation will post $1.93 earnings per share for the current fiscal year.

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In other news, Director E Larry Ryder sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $34.02, for a total value of $102,060.00. Following the completion of the sale, the director now directly owns 23,234 shares of the company’s stock, valued at $790,420.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David G. Sweet sold 1,903 shares of the firm’s stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $35.61, for a total value of $67,765.83. Following the completion of the sale, the director now directly owns 14,009 shares of the company’s stock, valued at $498,860.49. The disclosure for this sale can be found here. Company insiders own 2.80% of the company’s stock.

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.

5 Day Chart for NASDAQ:HOFT

Want to see what other hedge funds are holding HOFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hooker Furniture Corporation (NASDAQ:HOFT).

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