Hooker Furnishings Co. (NASDAQ:HOFT) Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC trimmed its stake in shares of Hooker Furnishings Co. (NASDAQ:HOFTFree Report) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,426,039 shares of the company’s stock after selling 67,908 shares during the quarter. Pzena Investment Management LLC owned approximately 13.36% of Hooker Furnishings worth $37,191,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its holdings in shares of Hooker Furnishings by 66.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,045 shares of the company’s stock worth $79,000 after acquiring an additional 1,618 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of Hooker Furnishings in the fourth quarter worth about $172,000. SG Americas Securities LLC boosted its holdings in shares of Hooker Furnishings by 18.5% during the fourth quarter. SG Americas Securities LLC now owns 7,262 shares of the company’s stock worth $189,000 after purchasing an additional 1,135 shares during the period. Baron Wealth Management LLC acquired a new stake in shares of Hooker Furnishings during the fourth quarter worth approximately $207,000. Finally, Bailard Inc. acquired a new stake in shares of Hooker Furnishings during the fourth quarter worth approximately $243,000. 73.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Hooker Furnishings from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th.

View Our Latest Report on HOFT

Hooker Furnishings Price Performance

Shares of NASDAQ:HOFT traded down $0.20 on Thursday, hitting $17.41. The stock had a trading volume of 2,199 shares, compared to its average volume of 36,342. Hooker Furnishings Co. has a twelve month low of $14.78 and a twelve month high of $27.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.49 and a current ratio of 3.98. The firm’s 50 day moving average price is $20.10 and its 200-day moving average price is $21.92. The company has a market capitalization of $186.11 million, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 1.14 and a beta of 1.13.

Hooker Furnishings (NASDAQ:HOFTGet Free Report) last issued its earnings results on Thursday, April 11th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.04). Hooker Furnishings had a net margin of 2.28% and a return on equity of 4.33%. The firm had revenue of $96.78 million during the quarter, compared to analyst estimates of $99.70 million. On average, equities research analysts predict that Hooker Furnishings Co. will post 1.1 earnings per share for the current year.

Hooker Furnishings Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.92 annualized dividend and a yield of 5.28%. Hooker Furnishings’s dividend payout ratio (DPR) is 101.10%.

Hooker Furnishings Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Hooker Furnishings (NASDAQ:HOFT)

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