American National Bank & Trust Co. VA Invests $357,000 in Hooker Furnishings Co. (NASDAQ:HOFT)

American National Bank & Trust Co. VA bought a new position in shares of Hooker Furnishings Co. (NASDAQ:HOFT) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,890 shares of the company’s stock, valued at approximately $357,000. American National Bank & Trust Co. VA owned about 0.14% of Hooker Furnishings as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of HOFT. Public Employees Retirement System of Ohio grew its stake in Hooker Furnishings by 66.7% in the third quarter. Public Employees Retirement System of Ohio now owns 4,045 shares of the company’s stock worth $79,000 after purchasing an additional 1,618 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in Hooker Furnishings in the fourth quarter worth about $172,000. SG Americas Securities LLC grew its stake in Hooker Furnishings by 18.5% in the fourth quarter. SG Americas Securities LLC now owns 7,262 shares of the company’s stock worth $189,000 after purchasing an additional 1,135 shares in the last quarter. Baron Wealth Management LLC acquired a new position in Hooker Furnishings in the fourth quarter worth about $207,000. Finally, Bailard Inc. acquired a new position in Hooker Furnishings in the fourth quarter worth about $243,000. 73.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Hooker Furnishings news, Director Tonya Harris Jackson purchased 1,850 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were bought at an average price of $13.61 per share, with a total value of $25,178.50. Following the completion of the acquisition, the director now owns 25,229 shares in the company, valued at approximately $343,366.69. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Hooker Furnishings from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th.

Hooker Furnishings Stock Down 3.6 %

Shares of HOFT stock opened at $13.53 on Friday. The business has a 50 day moving average of $16.12 and a two-hundred day moving average of $20.92. Hooker Furnishings Co. has a 52 week low of $13.21 and a 52 week high of $27.15. The company has a market cap of $144.50 million, a P/E ratio of 34.69, a PEG ratio of 10.74 and a beta of 1.20.

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

Hooker Furnishings Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, June 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.80%. Hooker Furnishings’s dividend payout ratio (DPR) is presently 235.90%.

Hooker Furnishings Company Profile

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.