Hooker Furnishings Co. (NASDAQ:HOFT) Short Interest Down 7.3% in October

Hooker Furnishings Co. (NASDAQ:HOFT) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 161,400 shares, a decrease of 7.3% from the October 15th total of 174,200 shares. Based on an average daily volume of 23,800 shares, the short-interest ratio is presently 6.8 days. Currently, 1.5% of the shares of the stock are short sold.

Hooker Furnishings Trading Up 0.4 %

Hooker Furnishings stock traded up $0.08 during trading on Tuesday, hitting $17.92. The company had a trading volume of 236 shares, compared to its average volume of 33,299. The company’s 50 day simple moving average is $17.07 and its 200-day simple moving average is $16.03. Hooker Furnishings has a 1-year low of $13.09 and a 1-year high of $27.15. The stock has a market cap of $191.92 million, a price-to-earnings ratio of 137.86 and a beta of 1.19.

Hooker Furnishings (NASDAQ:HOFT) last posted its quarterly earnings results on Thursday, September 5th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06). The company had revenue of $95.08 million during the quarter, compared to analyst estimates of $93.54 million. Hooker Furnishings had a net margin of 0.40% and a return on equity of 0.72%. During the same period in the prior year, the business earned $0.07 EPS. As a group, analysts forecast that Hooker Furnishings will post -0.37 earnings per share for the current fiscal year.

Hooker Furnishings Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 5.13%. The ex-dividend date was Friday, September 13th. Hooker Furnishings’s payout ratio is currently 707.75%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Copeland Capital Management LLC purchased a new position in shares of Hooker Furnishings during the 3rd quarter worth approximately $37,000. EntryPoint Capital LLC purchased a new stake in shares of Hooker Furnishings during the 1st quarter worth approximately $77,000. Virtus Investment Advisers Inc. acquired a new stake in shares of Hooker Furnishings in the 1st quarter worth approximately $106,000. Acadian Asset Management LLC purchased a new position in Hooker Furnishings in the 1st quarter valued at approximately $107,000. Finally, BNP Paribas Financial Markets raised its holdings in Hooker Furnishings by 71.8% during the first quarter. BNP Paribas Financial Markets now owns 5,191 shares of the company’s stock worth $125,000 after purchasing an additional 2,170 shares during the last quarter. Institutional investors and hedge funds own 73.63% of the company’s stock.

Hooker Furnishings Company 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.