Barclays PLC Has $244,000 Stake in Hooker Furnishings Co. (NASDAQ:HOFT)

Barclays PLC raised its stake in shares of Hooker Furnishings Co. (NASDAQ:HOFT) by 13.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 17,478 shares of the company’s stock after purchasing an additional 2,015 shares during the period. Barclays PLC’s holdings in Hooker Furnishings were worth $244,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wells Fargo & Company MN boosted its stake in shares of Hooker Furnishings by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 6,227 shares of the company’s stock worth $87,000 after buying an additional 1,356 shares during the last quarter. Foundry Partners LLC lifted its stake in Hooker Furnishings by 16.6% in the fourth quarter. Foundry Partners LLC now owns 100,455 shares of the company’s stock valued at $1,407,000 after purchasing an additional 14,300 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Hooker Furnishings by 36.1% during the fourth quarter. JPMorgan Chase & Co. now owns 59,467 shares of the company’s stock worth $833,000 after acquiring an additional 15,779 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of Hooker Furnishings by 95.5% during the fourth quarter. First Eagle Investment Management LLC now owns 113,909 shares of the company’s stock worth $1,596,000 after acquiring an additional 55,629 shares in the last quarter. Finally, Pzena Investment Management LLC lifted its position in shares of Hooker Furnishings by 3.8% during the fourth quarter. Pzena Investment Management LLC now owns 1,335,593 shares of the company’s stock worth $18,712,000 after acquiring an additional 49,212 shares in the last quarter. Hedge funds and other institutional investors own 73.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Hooker Furnishings from a “hold” rating to a “sell” rating in a report on Sunday, April 20th.

Hooker Furnishings Trading Up 1.8%

Hooker Furnishings stock opened at $9.21 on Monday. The stock has a market cap of $98.57 million, a P/E ratio of -10.12, a PEG ratio of 0.85 and a beta of 1.40. Hooker Furnishings Co. has a fifty-two week low of $7.34 and a fifty-two week high of $19.79. The firm’s fifty day moving average price is $9.96 and its 200-day moving average price is $13.28. 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 (NASDAQ:HOFT) last issued its quarterly earnings results on Thursday, April 17th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.15). The company had revenue of $104.46 million during the quarter, compared to the consensus estimate of $101.25 million. Hooker Furnishings had a negative return on equity of 3.51% and a negative net margin of 2.46%. During the same period in the previous year, the company earned $0.06 EPS. Equities research analysts forecast that Hooker Furnishings Co. will post -0.44 earnings per share for the current fiscal year.

Hooker Furnishings Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 9.99%. Hooker Furnishings’s dividend payout ratio (DPR) is currently -77.31%.

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.