Geode Capital Management LLC Acquires 2,493 Shares of Hooker Furnishings Co. (NASDAQ:HOFT)

Geode Capital Management LLC grew its position in shares of Hooker Furnishings Co. (NASDAQ:HOFT) by 1.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 241,310 shares of the company’s stock after acquiring an additional 2,493 shares during the period. Geode Capital Management LLC owned about 2.25% of Hooker Furnishings worth $4,364,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Copeland Capital Management LLC bought a new position in shares of Hooker Furnishings in the third quarter worth approximately $37,000. Acadian Asset Management LLC increased its position in shares of Hooker Furnishings by 15.7% during the 2nd quarter. Acadian Asset Management LLC now owns 5,179 shares of the company’s stock valued at $74,000 after purchasing an additional 703 shares during the last quarter. Baron Wealth Management LLC bought a new position in shares of Hooker Furnishings in the 3rd quarter worth approximately $215,000. Inspire Advisors LLC bought a new position in Hooker Furnishings in the second quarter worth approximately $190,000. Finally, Barclays PLC grew its position in shares of Hooker Furnishings by 270.4% during the 3rd quarter. Barclays PLC now owns 15,463 shares of the company’s stock valued at $279,000 after acquiring an additional 11,288 shares during the period. Institutional investors own 73.63% of the company’s stock.

Insider Transactions at Hooker Furnishings

In other Hooker Furnishings news, Director Paulette Garafalo sold 2,489 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $17.10, for a total value of $42,561.90. Following the sale, the director now owns 20,783 shares in the company, valued at $355,389.30. The trade was a 10.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Hooker Furnishings from a “sell” rating to a “hold” rating in a report on Monday, December 30th.

Hooker Furnishings Stock Performance

NASDAQ HOFT opened at $13.38 on Monday. The business has a 50-day moving average price of $16.73 and a 200-day moving average price of $15.96. The firm has a market cap of $143.30 million, a price-to-earnings ratio of -14.70 and a beta of 1.26. Hooker Furnishings Co. has a twelve month low of $13.00 and a twelve month high of $25.80. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 6.88%. The ex-dividend date of this dividend was Friday, December 13th. Hooker Furnishings’s payout ratio is currently -101.10%.

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.