Bailard Inc. Takes Position in Hooker Furnishings Co. (NASDAQ:HOFT)

Bailard Inc. acquired a new position in shares of Hooker Furnishings Co. (NASDAQ:HOFT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,300 shares of the company’s stock, valued at approximately $243,000.

Other large investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio increased its stake in Hooker Furnishings by 66.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,045 shares of the company’s stock valued at $79,000 after purchasing an additional 1,618 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Hooker Furnishings during the third quarter valued at about $119,000. Baron Wealth Management LLC bought a new stake in shares of Hooker Furnishings during the fourth quarter worth about $207,000. Los Angeles Capital Management LLC acquired a new stake in shares of Hooker Furnishings in the 3rd quarter worth about $330,000. Finally, Strs Ohio lifted its position in Hooker Furnishings by 44.6% in the 3rd quarter. Strs Ohio now owns 28,200 shares of the company’s stock valued at $548,000 after acquiring an additional 8,700 shares in the last quarter. 73.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Hooker Furnishings from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th.

Hooker Furnishings Trading Down 0.2 %

Shares of Hooker Furnishings stock opened at $17.30 on Tuesday. Hooker Furnishings Co. has a 12-month low of $14.73 and a 12-month high of $27.15. The company has a current ratio of 3.98, a quick ratio of 2.49 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $184.42 million, a P/E ratio of 19.01, a price-to-earnings-growth ratio of 1.02 and a beta of 1.06. The stock has a fifty day simple moving average of $22.10 and a 200 day simple moving average of $21.89.

Hooker Furnishings Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date of this dividend was Friday, March 15th. Hooker Furnishings’s payout ratio is 101.10%.

Hooker Furnishings Profile

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.