SG Americas Securities LLC Grows Holdings in Hooker Furnishings Co. (NASDAQ:HOFT)

SG Americas Securities LLC increased its position in shares of Hooker Furnishings Co. (NASDAQ:HOFT) by 18.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,262 shares of the company’s stock after buying an additional 1,135 shares during the period. SG Americas Securities LLC owned about 0.07% of Hooker Furnishings worth $189,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in Hooker Furnishings by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 929,031 shares of the company’s stock worth $16,899,000 after buying an additional 27,647 shares during the period. BlackRock Inc. increased its stake in Hooker Furnishings by 138.8% during the 2nd quarter. BlackRock Inc. now owns 790,770 shares of the company’s stock worth $14,756,000 after buying an additional 459,632 shares during the period. Vanguard Group Inc. increased its stake in Hooker Furnishings by 28.7% during the 3rd quarter. Vanguard Group Inc. now owns 695,581 shares of the company’s stock worth $13,529,000 after buying an additional 155,186 shares during the period. Azarias Capital Management L.P. increased its stake in Hooker Furnishings by 50.4% during the 3rd quarter. Azarias Capital Management L.P. now owns 497,603 shares of the company’s stock worth $9,678,000 after buying an additional 166,858 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC increased its position in shares of Hooker Furnishings by 4.4% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 334,359 shares of the company’s stock worth $6,082,000 after purchasing an additional 14,100 shares during the last quarter. Hedge funds and other institutional investors own 73.63% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Hooker Furnishings from a “hold” rating to a “buy” rating in a research report on Monday, April 8th.

Hooker Furnishings Price Performance

HOFT opened at $18.40 on Friday. The company has a 50-day moving average of $23.51 and a 200-day moving average of $21.97. The company has a market capitalization of $196.33 million, a P/E ratio of 20.22, a PEG ratio of 1.03 and a beta of 1.06. Hooker Furnishings Co. has a 1-year low of $14.73 and a 1-year high of $27.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.31 and a current ratio of 3.71.

Hooker Furnishings Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend was Friday, March 15th. Hooker Furnishings’s payout ratio is currently 101.10%.

About Hooker Furnishings

Hooker Furnishings Corporation designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. The company's 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.