Hooker Furnishings (NASDAQ:HOFT) Research Coverage Started at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Hooker Furnishings (NASDAQ:HOFT – Get Rating) in a report issued on Friday. The firm set a “buy” rating on the stock.

Hooker Furnishings Stock Up 2.8 %

HOFT opened at $20.53 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 3.80. Hooker Furnishings has a fifty-two week low of $12.90 and a fifty-two week high of $22.10. The firm’s fifty day moving average is $20.62 and its 200 day moving average is $17.55. The stock has a market cap of $232.60 million, a price-to-earnings ratio of 25.35 and a beta of 0.94.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HOFT. Quantbot Technologies LP lifted its stake in shares of Hooker Furnishings by 595.0% during the 1st quarter. Quantbot Technologies LP now owns 1,390 shares of the company’s stock valued at $26,000 after buying an additional 1,190 shares in the last quarter. UBS Group AG increased its holdings in Hooker Furnishings by 584.8% in the 3rd quarter. UBS Group AG now owns 4,499 shares of the company’s stock valued at $60,000 after acquiring an additional 3,842 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Hooker Furnishings by 29.3% in the 4th quarter. Victory Capital Management Inc. now owns 3,976 shares of the company’s stock valued at $74,000 after acquiring an additional 902 shares during the last quarter. MetLife Investment Management LLC increased its holdings in Hooker Furnishings by 39.7% in the 1st quarter. MetLife Investment Management LLC now owns 8,421 shares of the company’s stock valued at $159,000 after acquiring an additional 2,392 shares during the last quarter. Finally, AQR Capital Management LLC bought a new stake in Hooker Furnishings in the 2nd quarter valued at $250,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

About Hooker Furnishings

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Hooker Furnishings Corp. is a home furnishings marketing and logistics company. It offers worldwide sourcing of residential casegoods and upholstery, as well as domestically-produced custom leather and fabric-upholstered furniture. The company operates its business through the following segments: Hooker Branded, Home Meridian, Domestic Upholstery, and Other.