Investment Analysts’ Weekly Ratings Changes for Hooker Furniture (HOFT)

Several brokerages have updated their recommendations and price targets on shares of Hooker Furniture (NASDAQ: HOFT) in the last few weeks:

  • 5/4/2019 – Hooker Furniture was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 5/4/2019 – Hooker Furniture was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 4/30/2019 – Hooker Furniture was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.
  • 4/25/2019 – Hooker Furniture was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 4/23/2019 – Hooker Furniture was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 4/1/2019 – Hooker Furniture was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 3/26/2019 – Hooker Furniture was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 3/19/2019 – Hooker Furniture was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

NASDAQ:HOFT traded down $0.99 during mid-day trading on Monday, hitting $28.13. The stock had a trading volume of 1,371 shares, compared to its average volume of 63,840. The company has a market cap of $343.03 million, a PE ratio of 8.60 and a beta of 0.56. Hooker Furniture Co. has a 52 week low of $24.85 and a 52 week high of $49.85. The company has a quick ratio of 2.01, a current ratio of 3.65 and a debt-to-equity ratio of 0.11.

Hooker Furniture (NASDAQ:HOFT) last issued its quarterly earnings data on Tuesday, April 16th. The company reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.19. The firm had revenue of $200.48 million for the quarter. Hooker Furniture had a net margin of 5.83% and a return on equity of 16.08%.

In related news, CEO Paul B. Toms, Jr. bought 1,000 shares of the stock in a transaction on Tuesday, April 23rd. The shares were purchased at an average price of $28.97 per share, with a total value of $28,970.00. Following the purchase, the chief executive officer now owns 76,256 shares in the company, valued at $2,209,136.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Christopher Beeler, Jr. bought 3,500 shares of the stock in a transaction on Wednesday, April 24th. The shares were bought at an average cost of $28.32 per share, for a total transaction of $99,120.00. Following the purchase, the director now owns 35,876 shares in the company, valued at approximately $1,016,008.32. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 14,000 shares of company stock worth $395,545. 2.50% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. New York State Teachers Retirement System acquired a new position in Hooker Furniture during the 1st quarter valued at about $29,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Hooker Furniture by 841.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,054 shares of the company’s stock valued at $28,000 after buying an additional 942 shares during the period. Legal & General Group Plc increased its stake in Hooker Furniture by 24.4% during the 4th quarter. Legal & General Group Plc now owns 2,198 shares of the company’s stock valued at $58,000 after buying an additional 431 shares during the period. AdvisorNet Financial Inc increased its stake in Hooker Furniture by 26.0% during the 4th quarter. AdvisorNet Financial Inc now owns 2,368 shares of the company’s stock valued at $62,000 after buying an additional 489 shares during the period. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Hooker Furniture by 953.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,422 shares of the company’s stock worth $70,000 after purchasing an additional 2,192 shares during the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

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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