Hooker Furniture Corporation (NASDAQ:HOFT) Position Maintained by California Public Employees Retirement System

California Public Employees Retirement System held its stake in Hooker Furniture Corporation (NASDAQ:HOFT) during the first quarter, according to its most recent disclosure with the SEC. The fund owned 38,100 shares of the company’s stock at the end of the first quarter. California Public Employees Retirement System’s holdings in Hooker Furniture Corporation were worth $1,183,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of HOFT. Russell Investments Group Ltd. bought a new position in Hooker Furniture Corporation during the fourth quarter worth about $223,000. State Board of Administration of Florida Retirement System bought a new position in Hooker Furniture Corporation during the fourth quarter worth about $240,000. State Street Corp increased its position in Hooker Furniture Corporation by 6.6% in the fourth quarter. State Street Corp now owns 168,429 shares of the company’s stock worth $6,392,000 after buying an additional 10,422 shares during the last quarter. Guggenheim Capital LLC bought a new position in Hooker Furniture Corporation during the fourth quarter worth about $258,000. Finally, Thomson Horstmann & Bryant Inc. increased its position in Hooker Furniture Corporation by 57.3% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 176,470 shares of the company’s stock worth $5,479,000 after buying an additional 64,255 shares during the last quarter. Institutional investors own 83.27% of the company’s stock.

Hooker Furniture Corporation (NASDAQ:HOFT) opened at 42.20 on Thursday. The company has a 50-day moving average of $42.06 and a 200-day moving average of $38.42. The company has a market capitalization of $487.62 million, a P/E ratio of 17.81 and a beta of 0.60. Hooker Furniture Corporation has a 1-year low of $22.36 and a 1-year high of $46.60.

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 analysts’ consensus estimates of $0.46 by $0.05. The firm had revenue of $130.90 million for the quarter, compared to analysts’ expectations of $133.83 million. Hooker Furniture Corporation had a return on equity of 14.53% and a net margin of 4.70%. Hooker Furniture Corporation’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 earnings per share. Equities analysts expect that Hooker Furniture Corporation will post $2.67 EPS for the current fiscal 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.

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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