Hooker Furnishings (NASDAQ:HOFT) Downgraded to Sell at StockNews.com

Hooker Furnishings (NASDAQ:HOFT – Get Ranking) was downgraded by research analysts at StockNews.com from a “keep” ranking to a “market” ranking in a report issued on Monday.

Shares of NASDAQ:HOFT traded down $.81 all through buying and selling on Monday, reaching $15.84. 117,441 shares of the company’s stock traded fingers, in contrast to its regular quantity of 89,833. The business has a market place cap of $189.16 million, a PE ratio of 35.20 and a beta of .89. Hooker Furnishings has a fifty-two week minimal of $15.13 and a fifty-two 7 days higher of $41.10. The firm has a 50-day easy shifting regular of $17.29 and a 200-day simple transferring common of $20.20.

Hooker Furnishings (NASDAQ:HOFT – Get Ranking) last launched its quarterly earnings success on Wednesday, April 13th. The corporation noted ($.33) earnings for every share for the quarter. Hooker Furnishings experienced a return on fairness of 2.06% and a net margin of .94%. The business had earnings of $134.81 million for the quarter.

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A selection of hedge money and other institutional traders have not too long ago created changes to their positions in the stock. Quantbot Systems LP boosted its holdings in shares of Hooker Furnishings by 595.% throughout the 1st quarter. Quantbot Technologies LP now owns 1,390 shares of the firm’s inventory well worth $26,000 immediately after buying an more 1,190 shares for the duration of the very last quarter. Citigroup Inc. grew its holdings in Hooker Furnishings by 149.8% in the 3rd quarter. Citigroup Inc. now owns 1,394 shares of the firm’s inventory valued at $38,000 following shopping for an added 836 shares in the very last quarter. Copeland Cash Administration LLC elevated its holdings in shares of Hooker Furnishings by 82.4% during the 4th quarter. Copeland Money Management LLC now owns 1,428 shares of the firm’s inventory worthy of $33,000 immediately after acquiring an more 645 shares all through the time period. Captrust Economical Advisors boosted its place in shares of Hooker Furnishings by 124.% all through the 3rd quarter. Captrust Fiscal Advisors now owns 1,960 shares of the company’s inventory valued at $53,000 right after attaining an added 1,085 shares all through the past quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Hooker Furnishings by 132.3% in the third quarter. BNP Paribas Arbitrage SA now owns 3,001 shares of the firm’s inventory valued at $81,000 right after paying for an further 1,709 shares during the interval. 73.14% of the inventory is owned by institutional investors.

Hooker Furnishings Corporation Profile (Get Rating)

Hooker Furnishings Company models, manufactures, imports, and marketplaces residential home, hospitality, and deal home furnishings. The company’s Hooker Branded phase provides layout types, such as household leisure, home place of work, accent, eating, and bed room furnishings less than the Hooker Home furnishings manufacturer and imported upholstered household furniture under the Hooker Upholstery brand.

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