Hooker Furnishings Co. (NASDAQ:HOFT) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC lifted its holdings in shares of Hooker Furnishings Co. (NASDAQ:HOFT) by 5.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,623 shares of the company’s stock after acquiring an additional 2,435 shares during the period. Empowered Funds LLC owned 0.48% of Hooker Furnishings worth $723,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in HOFT. Copeland Capital Management LLC acquired a new stake in Hooker Furnishings during the third quarter worth approximately $37,000. Baron Wealth Management LLC acquired a new stake in Hooker Furnishings during the 3rd quarter worth $215,000. Pzena Investment Management LLC lifted its position in Hooker Furnishings by 1.1% in the third quarter. Pzena Investment Management LLC now owns 1,286,381 shares of the company’s stock valued at $23,258,000 after acquiring an additional 13,524 shares during the last quarter. Foundry Partners LLC boosted its stake in Hooker Furnishings by 22.0% in the third quarter. Foundry Partners LLC now owns 86,155 shares of the company’s stock valued at $1,558,000 after acquiring an additional 15,550 shares in the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of Hooker Furnishings by 26.4% during the third quarter. HighTower Advisors LLC now owns 19,004 shares of the company’s stock worth $344,000 after purchasing an additional 3,966 shares during the last quarter. Hedge funds and other institutional investors own 73.63% of the company’s stock.

Hooker Furnishings Price Performance

HOFT stock opened at $13.05 on Wednesday. The company has a current ratio of 3.16, a quick ratio of 1.76 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $139.77 million, a P/E ratio of -14.34, a PEG ratio of 0.85 and a beta of 1.25. The business has a 50 day simple moving average of $13.77 and a 200-day simple moving average of $15.65. Hooker Furnishings Co. has a twelve month low of $12.06 and a twelve month high of $24.96.

Hooker Furnishings (NASDAQ:HOFT) last issued its quarterly earnings data on Thursday, December 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.22). Hooker Furnishings had a negative return on equity of 3.51% and a negative net margin of 2.46%. As a group, equities analysts anticipate that Hooker Furnishings Co. will post -0.44 EPS for the current year.

Hooker Furnishings Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 7.05%. The ex-dividend date of this dividend was Friday, December 13th. Hooker Furnishings’s dividend payout ratio is presently -101.10%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Hooker Furnishings from a “hold” rating to a “sell” rating in a report on Wednesday, February 12th.

Insiders Place Their Bets

In other news, Director Paulette Garafalo sold 2,489 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $17.10, for a total transaction of $42,561.90. Following the completion of the sale, the director now owns 20,783 shares in the company, valued at $355,389.30. This represents a 10.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is owned by insiders.

About Hooker Furnishings

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.