Donald Smith & CO. Inc. grew its position in Hooker Furnishings Corp. (NASDAQ:HOFT – Free Report) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,066,754 shares of the company’s stock after acquiring an additional 70,681 shares during the quarter. Donald Smith & CO. Inc. owned about 9.90% of Hooker Furnishings worth $12,044,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. First Eagle Investment Management LLC raised its stake in shares of Hooker Furnishings by 15.0% in the third quarter. First Eagle Investment Management LLC now owns 364,973 shares of the company’s stock valued at $3,704,000 after acquiring an additional 47,559 shares during the period. Pzena Investment Management LLC raised its stake in shares of Hooker Furnishings by 4.2% in the third quarter. Pzena Investment Management LLC now owns 1,416,002 shares of the company’s stock valued at $14,372,000 after acquiring an additional 57,276 shares during the period. GSA Capital Partners LLP raised its stake in shares of Hooker Furnishings by 40.0% in the third quarter. GSA Capital Partners LLP now owns 17,372 shares of the company’s stock valued at $176,000 after acquiring an additional 4,959 shares during the period. Osaic Holdings Inc. raised its stake in shares of Hooker Furnishings by 940.0% in the second quarter. Osaic Holdings Inc. now owns 10,400 shares of the company’s stock valued at $110,000 after acquiring an additional 9,400 shares during the period. Finally, Peapod Lane Capital LLC raised its stake in shares of Hooker Furnishings by 21.4% in the third quarter. Peapod Lane Capital LLC now owns 177,083 shares of the company’s stock valued at $1,797,000 after acquiring an additional 31,207 shares during the period. Hedge funds and other institutional investors own 73.60% of the company’s stock.
Wall Street Analysts Forecast Growth
HOFT has been the topic of several recent analyst reports. Zacks Research raised shares of Hooker Furnishings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Wall Street Zen raised shares of Hooker Furnishings from a “sell” rating to a “hold” rating in a research note on Sunday, April 19th. Finally, Weiss Ratings downgraded shares of Hooker Furnishings from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Hooker Furnishings presently has an average rating of “Reduce”.
Hooker Furnishings Stock Performance
Shares of HOFT stock opened at $12.33 on Thursday. The firm has a market cap of $132.92 million, a price-to-earnings ratio of -4.85, a PEG ratio of 1.31 and a beta of 1.19. The company’s 50 day moving average is $12.99 and its 200 day moving average is $12.64. The company has a quick ratio of 1.60, a current ratio of 3.37 and a debt-to-equity ratio of 0.02. Hooker Furnishings Corp. has a 52-week low of $8.61 and a 52-week high of $15.99.
Hooker Furnishings (NASDAQ:HOFT – Get Free Report) last issued its quarterly earnings data on Thursday, April 16th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. The company had revenue of $66.98 million for the quarter, compared to analyst estimates of $74.89 million. Hooker Furnishings had a negative net margin of 8.84% and a negative return on equity of 0.71%. On average, sell-side analysts anticipate that Hooker Furnishings Corp. will post 0.67 EPS for the current fiscal year.
Hooker Furnishings Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 19th will be issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, June 18th. Hooker Furnishings’s dividend payout ratio (DPR) is presently -18.11%.
Hooker Furnishings Profile
Hooker Furnishings, formerly known as Hooker Furniture Corporation, is a designer, marketer and distributor of high-quality home furnishings. Headquartered in Martinsville, Virginia, the company offers a broad range of wood and upholstered furniture products across bedroom, dining, home office and accent categories. Its portfolio includes solid wood and engineered wood case goods, upholstered seating, accent tables and decorative accessories, reflecting styles that range from traditional to contemporary.
The company’s operations are organized into three reportable segments: Domestic Wholesale, Retail and Logistics, and International.
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