Hooker Furniture Corporation (HOFT) Shares Bought by Citigroup Inc.

Citigroup Inc. increased its stake in shares of Hooker Furniture Corporation (NASDAQ:HOFT) by 35.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,912 shares of the company’s stock after purchasing an additional 3,917 shares during the quarter. Citigroup Inc. owned about 0.13% of Hooker Furniture Corporation worth $614,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alps Advisors Inc. grew its stake in shares of Hooker Furniture Corporation by 0.3% during the second quarter. Alps Advisors Inc. now owns 15,522 shares of the company’s stock valued at $639,000 after purchasing an additional 41 shares during the last quarter. First Interstate Bank grew its stake in shares of Hooker Furniture Corporation by 2.2% during the second quarter. First Interstate Bank now owns 5,333 shares of the company’s stock valued at $219,000 after purchasing an additional 115 shares during the last quarter. American International Group Inc. grew its stake in shares of Hooker Furniture Corporation by 7.1% during the first quarter. American International Group Inc. now owns 6,988 shares of the company’s stock valued at $217,000 after purchasing an additional 464 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Hooker Furniture Corporation by 40.0% during the second quarter. Legal & General Group Plc now owns 2,424 shares of the company’s stock valued at $100,000 after purchasing an additional 693 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of Hooker Furniture Corporation by 24.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 7,862 shares of the company’s stock valued at $244,000 after purchasing an additional 1,533 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Shares of Hooker Furniture Corporation (NASDAQ HOFT) opened at 48.35 on Thursday. Hooker Furniture Corporation has a 1-year low of $25.30 and a 1-year high of $50.53. The stock’s 50 day moving average is $44.59 and its 200 day moving average is $42.07. The company has a market capitalization of $559.46 million, a PE ratio of 18.75 and a beta of 0.62.

Hooker Furniture Corporation (NASDAQ:HOFT) last posted its earnings results on Thursday, September 7th. The company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.06. Hooker Furniture Corporation had a net margin of 4.94% and a return on equity of 15.28%. The firm had revenue of $156.31 million for the quarter, compared to analyst estimates of $148.56 million. During the same period in the previous year, the firm posted $0.46 EPS. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, equities research analysts anticipate that Hooker Furniture Corporation will post $2.78 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Thursday, September 14th. Hooker Furniture Corporation’s payout ratio is 18.53%.

In other news, Director E Larry Ryder sold 1,758 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $46.67, for a total value of $82,045.86. Following the sale, the director now directly owns 15,922 shares of the company’s stock, valued at approximately $743,079.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael W. Delgatti sold 10,000 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $43.03, for a total transaction of $430,300.00. Following the completion of the sale, the insider now directly owns 28,425 shares in the company, valued at $1,223,127.75. The disclosure for this sale can be found here. Insiders have sold a total of 56,607 shares of company stock worth $2,506,409 over the last three months. Insiders own 2.90% of the company’s stock.

Separately, BidaskClub cut shares of Hooker Furniture Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 18th.

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Hooker Furniture Corporation Company Profile

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.

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

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