Hooker Furnishings (NASDAQ:HOFT) Stock Rating Lowered by StockNews.com

Hooker Furnishings (NASDAQ:HOFT) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Hooker Furnishings Stock Up 0.3 %

Shares of NASDAQ HOFT opened at $18.46 on Tuesday. The firm has a market capitalization of $196.97 million, a PE ratio of 20.29, a price-to-earnings-growth ratio of 0.91 and a beta of 1.06. The company has a current ratio of 3.71, a quick ratio of 2.31 and a debt-to-equity ratio of 0.10. Hooker Furnishings has a 1 year low of $14.73 and a 1 year high of $27.15. The firm’s 50-day moving average is $23.41 and its 200-day moving average is $21.98.

Institutional Trading of Hooker Furnishings

Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in shares of Hooker Furnishings by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 929,031 shares of the company’s stock valued at $16,899,000 after purchasing an additional 27,647 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Hooker Furnishings by 138.8% in the second quarter. BlackRock Inc. now owns 790,770 shares of the company’s stock valued at $14,756,000 after purchasing an additional 459,632 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Hooker Furnishings by 28.7% in the third quarter. Vanguard Group Inc. now owns 695,581 shares of the company’s stock valued at $13,529,000 after buying an additional 155,186 shares in the last quarter. Azarias Capital Management L.P. grew its stake in shares of Hooker Furnishings by 2.0% in the fourth quarter. Azarias Capital Management L.P. now owns 507,784 shares of the company’s stock valued at $13,243,000 after buying an additional 10,181 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in shares of Hooker Furnishings by 4.4% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 334,359 shares of the company’s stock valued at $6,082,000 after buying an additional 14,100 shares in the last quarter. 73.63% of the stock is currently owned by institutional investors and hedge funds.

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.