StockNews.com Downgrades Hooker Furnishings (NASDAQ:HOFT) to Sell

Hooker Furnishings (NASDAQ:HOFT) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Thursday.

Hooker Furnishings Trading Down 3.7 %

NASDAQ HOFT opened at $16.93 on Thursday. The company has a quick ratio of 1.46, a current ratio of 3.16 and a debt-to-equity ratio of 0.10. Hooker Furnishings has a twelve month low of $13.09 and a twelve month high of $27.15. The company has a market cap of $181.32 million, a price-to-earnings ratio of -18.60 and a beta of 1.22. The business’s fifty day moving average is $17.34 and its 200 day moving average is $16.06.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Barclays PLC raised its position in Hooker Furnishings by 270.4% during the 3rd quarter. Barclays PLC now owns 15,463 shares of the company’s stock worth $279,000 after purchasing an additional 11,288 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Hooker Furnishings by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 241,310 shares of the company’s stock valued at $4,364,000 after purchasing an additional 2,493 shares during the period. State Street Corp lifted its stake in shares of Hooker Furnishings by 4.9% in the 3rd quarter. State Street Corp now owns 172,370 shares of the company’s stock valued at $3,116,000 after purchasing an additional 8,117 shares during the period. Stifel Financial Corp lifted its stake in shares of Hooker Furnishings by 9.5% in the 3rd quarter. Stifel Financial Corp now owns 44,003 shares of the company’s stock valued at $796,000 after purchasing an additional 3,827 shares during the period. Finally, HighTower Advisors LLC lifted its stake in shares of Hooker Furnishings by 26.4% in the 3rd quarter. HighTower Advisors LLC now owns 19,004 shares of the company’s stock valued at $344,000 after purchasing an additional 3,966 shares during the period. 73.63% of the stock is owned by institutional investors.

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.