First Eagle Investment Management Increases Hooker Furnishings Holdings.
First Eagle Investment Management LLC boosted its stake in Hooker Furnishings Corp. (NASDAQ:HOFT – Get Rating) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 492,004 shares of the company’s stock after acquiring an additional 21,565 shares during the period. First Eagle Investment Management LLC’s holdings in Hooker Furnishings were worth $11,465,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers increased its position in Hooker Furnishings by 0.6% in the third quarter. Rhumbline Advisers now owns 63,855 shares of the company’s stock valued at $1,524,000 after buying an additional 381 shares in the last quarter. Millennium Management L.L.C. increased its position in shares of Hooker Furnishings by 66.8% during the fourth quarter. Millennium Management L.L.C. now owns 10,132 shares of the company’s stock valued at $236,000 after purchasing an additional 4,044 shares during the last quarter. MetLife Investment Management LLC increased its position in Hooker Furnishings by 2.2% during the third quarter. MetLife Investment Management LLC now owns 61,746 shares of the company’s stock valued at $1,474,000 after acquiring an additional 1,304 shares during the last quarter. Finally, Engineers Gate Manager LP increased its position in shares of Hooker Furnishings by 55.8% during the fourth quarter. Engineers Gate Manager LP now owns 13,049 shares of the company’s stock valued at $304,000 after purchasing an additional 4,685 shares during the period.
Shares of NASDAQ HOFT opened at $23.88 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 2.01. The stock has a market cap of $288.67 million, a PE ratio of 6.15 and a beta of 1.43. The company has a 50 day moving average price of $23.02 and a 200-day moving average price of $21.65. Hooker Furnishings Corp. has a 1-year low of $15.42 and a 1-year high of $26.25.
Hooker Furnishings (NASDAQ:HOFT – Get Rating) last issued its quarterly earnings data on Tuesday, March 14th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.10. Hooker Furnishings had a net margin of 4.96% and a return on equity of 15.08%. The firm had revenue of $114.96 million for the quarter, compared to the consensus estimate of $106.36 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue was up .1% on a year-over-year basis. Sell-side analysts predict that Hooker Furnishings Corp. will post 1.9 earnings per share for the current fiscal year.
