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

Hooker Furnishings Co. (NASDAQ:HOFT) saw a large 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. Based on an average daily volume of 34,100 shares, the short-interest ratio is presently 4.9 days. Currently, 1.6% of the company’s stock are short sold.

Institutional Trading of Hooker Furnishings

Several institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC boosted its stake in shares of Hooker Furnishings by 15.7% in the 2nd quarter. Acadian Asset Management LLC now owns 5,179 shares of the company’s stock valued at $74,000 after purchasing an additional 703 shares in the last quarter. EntryPoint Capital LLC acquired a new position in Hooker Furnishings in the first quarter valued at about $77,000. Virtus Investment Advisers Inc. bought a new stake in Hooker Furnishings during the first quarter worth about $106,000. BNP Paribas Financial Markets increased its holdings in shares of 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 in the last quarter. Finally, Inspire Advisors LLC bought a new position in shares of Hooker Furnishings in the second quarter valued at approximately $190,000. 73.63% of the stock is currently owned by institutional investors and hedge funds.

Hooker Furnishings Trading Down 3.7 %

Hooker Furnishings stock opened at $17.42 on Wednesday. The company has a market capitalization of $186.08 million, a P/E ratio of 44.67 and a beta of 1.18. Hooker Furnishings has a 1-year low of $13.09 and a 1-year high of $27.15. The firm’s fifty day simple moving average is $15.80 and its 200-day simple moving average is $16.93.

Hooker Furnishings (NASDAQ:HOFT) last issued its quarterly earnings data on Thursday, September 5th. The company reported ($0.19) earnings per share 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 the consensus estimate 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 previous year, the business posted $0.07 earnings per share. On average, equities research analysts predict that Hooker Furnishings will post -0.25 earnings per share for the current year.

Hooker Furnishings Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 5.28%. The ex-dividend date of this dividend was Friday, September 13th. Hooker Furnishings’s dividend payout ratio (DPR) is presently 235.90%.

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.