Pzena Investment Management LLC Has $18.43 Million Stock Holdings in Hooker Furnishings Co. (NASDAQ:HOFT)

Pzena Investment Management LLC lowered its stake in Hooker Furnishings Co. (NASDAQ:HOFT) by 1.6% during the second quarter, HoldingsChannel.com reports. The firm owned 1,272,857 shares of the company’s stock after selling 21,017 shares during the period. Pzena Investment Management LLC owned approximately 0.12% of Hooker Furnishings worth $18,431,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in HOFT. EntryPoint Capital LLC bought a new position in Hooker Furnishings during the 1st quarter worth approximately $77,000. Virtus Investment Advisers Inc. bought a new stake in Hooker Furnishings in the first quarter valued at approximately $106,000. Acadian Asset Management LLC acquired a new stake in Hooker Furnishings in the first quarter worth $107,000. BNP Paribas Financial Markets boosted its position in shares of Hooker Furnishings by 71.8% during the first quarter. BNP Paribas Financial Markets now owns 5,191 shares of the company’s stock worth $125,000 after purchasing an additional 2,170 shares in the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of Hooker Furnishings in the 4th quarter valued at $172,000. 73.63% of the stock is currently owned by institutional investors.

Hooker Furnishings Trading Up 1.4 %

Shares of Hooker Furnishings stock opened at $15.52 on Thursday. The stock’s fifty day simple moving average is $14.80 and its 200 day simple moving average is $17.88. The company has a market capitalization of $165.78 million, a PE ratio of 39.79, a PEG ratio of 12.57 and a beta of 1.20. Hooker Furnishings Co. has a 12 month low of $13.09 and a 12 month high of $27.15.

Hooker Furnishings (NASDAQ:HOFT) last announced its quarterly earnings results on Thursday, June 6th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.36). Hooker Furnishings had a return on equity of 1.92% and a net margin of 1.07%. The business had revenue of $93.57 million during the quarter, compared to the consensus estimate of $94.94 million. Analysts predict that Hooker Furnishings Co. will post 0.09 EPS for the current fiscal year.

Insider Activity at Hooker Furnishings

In related news, Director Tonya Harris Jackson bought 1,850 shares of the company’s stock in a transaction on Friday, June 21st. The shares were purchased at an average cost of $13.61 per share, for a total transaction of $25,178.50. Following the acquisition, the director now owns 25,229 shares of the company’s stock, valued at approximately $343,366.69. The purchase was disclosed in a filing with the SEC, which is available at this link. 1.70% of the stock is owned by insiders.

About Hooker Furnishings

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.