Hooker Furniture Corporation (NASDAQ:HOFT) saw a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 186,868 shares, a decline of 9.8% from the May 15th total of 207,160 shares. Based on an average daily volume of 64,008 shares, the short-interest ratio is currently 2.9 days.

Several hedge funds have recently added to or reduced their stakes in the company. Guggenheim Capital LLC purchased a new stake in Hooker Furniture Corporation during the fourth quarter valued at approximately $258,000. Ellington Management Group LLC purchased a new stake in Hooker Furniture Corporation during the fourth quarter valued at approximately $262,000. Bogle Investment Management L P DE purchased a new stake in Hooker Furniture Corporation during the fourth quarter valued at approximately $258,000. Two Sigma Investments LP boosted its stake in Hooker Furniture Corporation by 200.7% in the fourth quarter. Two Sigma Investments LP now owns 46,595 shares of the company’s stock valued at $1,768,000 after buying an additional 31,097 shares during the period. Finally, A.R.T. Advisors LLC purchased a new stake in Hooker Furniture Corporation during the fourth quarter valued at approximately $227,000. Institutional investors own 84.09% of the company’s stock.

Hooker Furniture Corporation (NASDAQ HOFT) opened at 40.20 on Wednesday. The company’s 50-day moving average is $43.17 and its 200-day moving average is $36.24. Hooker Furniture Corporation has a 52-week low of $21.12 and a 52-week high of $46.60. The firm has a market capitalization of $464.03 million, a P/E ratio of 16.97 and a beta of 0.60.

Hooker Furniture Corporation (NASDAQ:HOFT) last issued its quarterly earnings data on Thursday, June 8th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by $0.05. Hooker Furniture Corporation had a return on equity of 14.53% and a net margin of 4.70%. The business had revenue of $130.90 million for the quarter, compared to analysts’ expectations of $133.83 million. During the same period in the previous year, the business posted $0.22 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, analysts predict that Hooker Furniture Corporation will post $2.67 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Wednesday, June 14th. Hooker Furniture Corporation’s dividend payout ratio (DPR) is presently 20.17%.

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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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