Hooker Furnishings (HOFT) reported fiscal 2027 second-quarter net income of $1.7 million, or $0.16 per basic share and $0.15 per diluted share, for the 13 weeks ended August 2, 2026. Net sales fell 8.7% year over year to $63.3 million.
The company recorded $7.9 million in tariff recoveries during the quarter. Continuing operations recognized approximately $4.3 million as a reduction in cost of sales, $0.2 million of related interest income and about $0.5 million of customer credits reducing revenue.
- Operating income was $1.3 million, compared with an operating loss of $0.5 million a year earlier.
- First-half net sales decreased 5.5% to $132.7 million, while net income totaled $2.7 million.
- Cash and cash equivalents rose to $18.7 million at quarter-end, and the company reported no outstanding term loan balance.
- Consolidated backlog was $42.4 million, up 6.2% from the prior-year second-quarter end and 8.4% from the prior quarter.
$HOFT Hedge Fund Activity
We have seen 38 institutional investors add shares of $HOFT stock to their portfolio, and 39 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GATE CITY CAPITAL MANAGEMENT, LLC removed 236,671 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $4,219,843
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 206,075 shares (+inf%) to their portfolio in Q2 2026, for an estimated $3,674,317
- AMERIPRISE FINANCIAL INC added 185,355 shares (+41.5%) to their portfolio in Q2 2026, for an estimated $3,304,879
- PZENA INVESTMENT MANAGEMENT LLC added 163,898 shares (+11.9%) to their portfolio in Q2 2026, for an estimated $2,922,301
- DONALD SMITH & CO., INC. removed 118,542 shares (-11.1%) from their portfolio in Q2 2026, for an estimated $2,113,603
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC removed 114,731 shares (-35.8%) from their portfolio in Q2 2026, for an estimated $2,045,653
- ANCORA ADVISORS LLC added 84,205 shares (+inf%) to their portfolio in Q2 2026, for an estimated $1,501,375
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
