22,604 Shares in Hooker Furnishings Corp. $HOFT Acquired by Nuveen LLC

Nuveen LLC purchased a new position in shares of Hooker Furnishings Corp. (NASDAQ:HOFT) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 22,604 shares of the company’s stock, valued at approximately $227,000. Nuveen LLC owned approximately 0.21% of Hooker Furnishings as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its position in Hooker Furnishings by 250.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 110,471 shares of the company’s stock worth $1,109,000 after acquiring an additional 78,940 shares in the last quarter. Foundry Partners LLC grew its stake in Hooker Furnishings by 11.9% during the 1st quarter. Foundry Partners LLC now owns 112,380 shares of the company’s stock valued at $1,128,000 after purchasing an additional 11,925 shares in the last quarter. Waterfront Wealth Inc. increased its holdings in Hooker Furnishings by 151.6% during the 1st quarter. Waterfront Wealth Inc. now owns 77,462 shares of the company’s stock worth $778,000 after purchasing an additional 46,678 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Hooker Furnishings by 9,630.8% in the 1st quarter. GAMMA Investing LLC now owns 5,060 shares of the company’s stock valued at $504,000 after purchasing an additional 5,008 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Hooker Furnishings by 97.5% during the 4th quarter. Deutsche Bank AG now owns 14,494 shares of the company’s stock valued at $203,000 after buying an additional 7,157 shares during the last quarter. 73.60% of the stock is owned by institutional investors and hedge funds.

Hooker Furnishings Price Performance

Shares of HOFT opened at $10.92 on Friday. The firm has a market cap of $116.84 million, a price-to-earnings ratio of -10.02, a PEG ratio of 6.00 and a beta of 1.32. The stock has a 50 day moving average of $10.39 and a 200-day moving average of $10.35. The company has a current ratio of 3.94, a quick ratio of 1.96 and a debt-to-equity ratio of 0.11. Hooker Furnishings Corp. has a 52 week low of $7.34 and a 52 week high of $19.79.

Hooker Furnishings (NASDAQ:HOFT) last issued its quarterly earnings results on Thursday, June 12th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.13). Hooker Furnishings had a negative net margin of 2.95% and a negative return on equity of 3.41%. The firm had revenue of $85.32 million during the quarter, compared to the consensus estimate of $88.87 million. As a group, analysts forecast that Hooker Furnishings Corp. will post -0.44 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Hooker Furnishings to a “hold” rating in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Hooker Furnishings Company Profile

Hooker Furnishings Corporation designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. It operates in three segments: Hooker Branded, Home Meridian, and Domestic Upholstery. The Hooker Branded segment offers design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand; and imported upholstered furniture under the Hooker Upholstery brand.