Hooker Furnishings Co. (NASDAQ:HOFT) Stock Holdings Lowered by Strs Ohio

Strs Ohio lowered its stake in Hooker Furnishings Co. (NASDAQ:HOFT) by 20.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,300 shares of the company’s stock after selling 5,900 shares during the quarter. Strs Ohio owned about 0.21% of Hooker Furnishings worth $581,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC lifted its holdings in Hooker Furnishings by 18.5% in 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 Hooker Furnishings in the fourth quarter worth about $207,000. Azarias Capital Management L.P. lifted its holdings in Hooker Furnishings by 50.4% in the third quarter. Azarias Capital Management L.P. now owns 497,603 shares of the company’s stock worth $9,678,000 after purchasing an additional 166,858 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Hooker Furnishings by 66.7% in the third quarter. Public Employees Retirement System of Ohio now owns 4,045 shares of the company’s stock worth $79,000 after purchasing an additional 1,618 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in Hooker Furnishings in the third quarter worth about $330,000. Institutional investors and hedge funds own 73.63% of the company’s stock.

Hooker Furnishings Price Performance

Shares of NASDAQ HOFT opened at $17.34 on Friday. Hooker Furnishings Co. has a twelve month low of $14.73 and a twelve month high of $27.15. The company has a current ratio of 3.98, a quick ratio of 2.49 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $184.84 million, a price-to-earnings ratio of 19.06, a PEG ratio of 1.06 and a beta of 1.06. The firm has a 50-day moving average of $22.25 and a two-hundred day moving average of $21.86.

Hooker Furnishings Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date of this dividend was Friday, March 15th. Hooker Furnishings’s payout ratio is 101.10%.

Wall Street Analyst Weigh In

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

Hooker Furnishings Company Profile

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.