Hooker Furnishings Co. (NASDAQ:HOFT) Short Interest Update

Hooker Furnishings Co. (NASDAQ:HOFT) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 167,300 shares, an increase of 6.0% from the August 31st total of 157,900 shares. Currently, 1.6% of the company’s shares are sold short. Based on an average daily trading volume, of 34,100 shares, the short-interest ratio is presently 4.9 days.

Hooker Furnishings Trading Down 3.7 %

NASDAQ HOFT opened at $17.42 on Wednesday. Hooker Furnishings has a 12 month low of $13.09 and a 12 month high of $27.15. The company has a market capitalization of $186.08 million, a PE ratio of 44.67 and a beta of 1.18. The stock has a 50-day simple moving average of $15.80 and a 200 day simple moving average of $16.93.

Hooker Furnishings (NASDAQ:HOFT) last issued its quarterly earnings data on Thursday, September 5th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.06). Hooker Furnishings had a return on equity of 0.72% and a net margin of 0.40%. The business had revenue of $95.08 million for the quarter, compared to analyst estimates of $93.54 million. During the same period in the previous year, the business posted $0.07 EPS. As a group, sell-side analysts predict that Hooker Furnishings will post -0.25 earnings per share for the current fiscal year.

Hooker Furnishings Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.92 annualized dividend and a yield of 5.28%. Hooker Furnishings’s dividend payout ratio is currently 235.90%.

Institutional Trading of Hooker Furnishings

A number of institutional investors have recently modified their holdings of the company. Los Angeles Capital Management LLC increased its stake in Hooker Furnishings by 747.5% in the 1st quarter. Los Angeles Capital Management LLC now owns 89,088 shares of the company’s stock valued at $2,139,000 after buying an additional 78,576 shares during the last quarter. American National Bank & Trust Co. VA acquired a new position in Hooker Furnishings during the first quarter worth $357,000. BNP Paribas Financial Markets increased its position 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 buying an additional 2,170 shares during the last quarter. Empowered Funds LLC raised its stake in Hooker Furnishings by 27.6% in the first quarter. Empowered Funds LLC now owns 43,536 shares of the company’s stock valued at $1,045,000 after buying an additional 9,412 shares during the period. Finally, Foundry Partners LLC acquired a new stake in shares of Hooker Furnishings in the first quarter valued at approximately $869,000. 73.63% of the stock is currently owned by institutional investors.

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.