Hooker Furniture Corporation (HOFT) Shares Sold by Royal Bank of Canada

Royal Bank of Canada lessened its stake in Hooker Furniture Corporation (NASDAQ:HOFT) by 9.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,975 shares of the company’s stock after selling 2,424 shares during the period. Royal Bank of Canada owned 0.21% of Hooker Furniture Corporation worth $987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HOFT. State Board of Administration of Florida Retirement System boosted its stake in Hooker Furniture Corporation by 24.2% in 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 acquiring an additional 1,533 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Hooker Furniture Corporation by 8.2% in the first quarter. Bank of New York Mellon Corp now owns 101,569 shares of the company’s stock valued at $3,154,000 after buying an additional 7,737 shares during the last quarter. American International Group Inc. raised its holdings 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. TIAA CREF Investment Management LLC raised its holdings in shares of Hooker Furniture Corporation by 11.5% in the first quarter. TIAA CREF Investment Management LLC now owns 66,355 shares of the company’s stock valued at $2,060,000 after buying an additional 6,857 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Hooker Furniture Corporation by 8.3% in the first quarter. Vanguard Group Inc. now owns 459,203 shares of the company’s stock valued at $14,258,000 after buying an additional 35,153 shares during the last quarter. Institutional investors own 83.90% of the company’s stock.

Shares of Hooker Furniture Corporation (NASDAQ:HOFT) opened at $46.45 on Friday. Hooker Furniture Corporation has a 1-year low of $25.65 and a 1-year high of $50.53. The company has a quick ratio of 2.47, a current ratio of 4.08 and a debt-to-equity ratio of 0.19. The company has a market cap of $538.17, a PE ratio of 17.66 and a beta of 0.64.

Hooker Furniture Corporation (NASDAQ:HOFT) last announced its earnings results on Thursday, September 7th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $156.31 million during the quarter, compared to analysts’ expectations of $148.56 million. During the same period in the prior year, the company earned $0.46 earnings per share. The business’s revenue was up 14.8% compared to the same quarter last year.

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

In other news, insider Anne Jacobsen sold 2,350 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $45.62, for a total value of $107,207.00. Following the completion of the sale, the insider now directly owns 5,283 shares of the company’s stock, valued at $241,010.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director E Larry Ryder sold 5,000 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $44.41, for a total transaction of $222,050.00. Following the completion of the sale, the director now directly owns 20,780 shares of the company’s stock, valued at $922,839.80. The disclosure for this sale can be found here. Insiders sold 56,607 shares of company stock valued at $2,506,409 over the last ninety days. Corporate insiders own 2.90% of the company’s stock.

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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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