Charles Schwab Investment Management Inc. Buys 1,900 Shares of Hooker Furnishings Co. (NASDAQ:HOFT)

Charles Schwab Investment Management Inc. grew its position in shares of Hooker Furnishings Co. (NASDAQ:HOFT) by 6.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,531 shares of the company’s stock after acquiring an additional 1,900 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.29% of Hooker Furnishings worth $442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in HOFT. Bank of New York Mellon Corp grew its position in Hooker Furnishings by 27.7% in the 4th quarter. Bank of New York Mellon Corp now owns 89,658 shares of the company’s stock worth $1,256,000 after purchasing an additional 19,459 shares in the last quarter. Azarias Capital Management L.P. boosted its stake in shares of Hooker Furnishings by 10.3% in the 4th quarter. Azarias Capital Management L.P. now owns 754,328 shares of the company’s stock worth $10,568,000 after buying an additional 70,281 shares during the last quarter. Peapod Lane Capital LLC bought a new position in shares of Hooker Furnishings in the fourth quarter valued at approximately $1,893,000. Empowered Funds LLC increased its position in shares of Hooker Furnishings by 5.0% during the fourth quarter. Empowered Funds LLC now owns 51,623 shares of the company’s stock valued at $723,000 after acquiring an additional 2,435 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Hooker Furnishings by 107.5% during the third quarter. JPMorgan Chase & Co. now owns 43,688 shares of the company’s stock worth $790,000 after acquiring an additional 22,635 shares during the period. Institutional investors own 73.63% of the company’s stock.

Hooker Furnishings Stock Performance

NASDAQ HOFT opened at $10.04 on Tuesday. The company has a market capitalization of $107.53 million, a PE ratio of -11.03, a price-to-earnings-growth ratio of 0.85 and a beta of 1.16. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.76 and a current ratio of 3.16. Hooker Furnishings Co. has a 52-week low of $10.00 and a 52-week high of $24.18. The company has a 50-day simple moving average of $12.53 and a 200 day simple moving average of $15.02.

Hooker Furnishings Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.92 annualized dividend and a dividend yield of 9.16%. Hooker Furnishings’s payout ratio is currently -101.10%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Hooker Furnishings from a “sell” rating to a “hold” rating in a research note on Tuesday, March 18th.

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.