Barclays PLC Buys 11,288 Shares of Hooker Furnishings Co. (NASDAQ:HOFT)

Barclays PLC grew its stake in shares of Hooker Furnishings Co. (NASDAQ:HOFT) by 270.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,463 shares of the company’s stock after buying an additional 11,288 shares during the period. Barclays PLC owned 0.14% of Hooker Furnishings worth $279,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Copeland Capital Management LLC purchased a new position in Hooker Furnishings during the third quarter valued at approximately $37,000. Baron Wealth Management LLC purchased a new stake in shares of Hooker Furnishings in the third quarter worth $215,000. HighTower Advisors LLC raised its position in shares of Hooker Furnishings by 26.4% in the third quarter. HighTower Advisors LLC now owns 19,004 shares of the company’s stock worth $344,000 after buying an additional 3,966 shares in the last quarter. Marquette Asset Management LLC grew its position in Hooker Furnishings by 131.1% during the third quarter. Marquette Asset Management LLC now owns 19,648 shares of the company’s stock worth $355,000 after buying an additional 11,145 shares in the last quarter. Finally, Inspire Advisors LLC grew its position in Hooker Furnishings by 56.6% during the third quarter. Inspire Advisors LLC now owns 20,534 shares of the company’s stock worth $371,000 after buying an additional 7,422 shares in the last quarter. 73.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Hooker Furnishings from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th.

Insider Activity at Hooker Furnishings

In related news, Director Paulette Garafalo sold 2,489 shares of Hooker Furnishings 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 transaction, the director now owns 20,783 shares in the company, valued at $355,389.30. This trade represents 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. 1.70% of the stock is currently owned by insiders.

Hooker Furnishings Stock Performance

Hooker Furnishings stock opened at $13.25 on Tuesday. Hooker Furnishings Co. has a fifty-two week low of $12.74 and a fifty-two week high of $25.80. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.76 and a current ratio of 3.16. The stock has a market cap of $141.91 million, a P/E ratio of -14.56 and a beta of 1.26. The firm’s fifty day moving average price is $15.82 and its 200-day moving average price is $15.90.

Hooker Furnishings Dividend Announcement

The company 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. The ex-dividend date was Friday, December 13th. This represents a $0.92 annualized dividend and a dividend yield of 6.94%. Hooker Furnishings’s dividend payout ratio (DPR) is presently -101.10%.

Hooker Furnishings 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.