4WEALTH Advisors Inc. Takes $222,000 Position in Hooker Furnishings Co. (NASDAQ:HOFT)

4WEALTH Advisors Inc. bought a new position in shares of Hooker Furnishings Co. (NASDAQ:HOFT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,815 shares of the company’s stock, valued at approximately $222,000. 4WEALTH Advisors Inc. owned approximately 0.15% of Hooker Furnishings as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of HOFT. Pzena Investment Management LLC grew its holdings in shares of Hooker Furnishings by 3.8% during the fourth quarter. Pzena Investment Management LLC now owns 1,335,593 shares of the company’s stock worth $18,712,000 after buying an additional 49,212 shares in the last quarter. Azarias Capital Management L.P. raised its holdings in shares of Hooker Furnishings by 10.3% in the fourth quarter. Azarias Capital Management L.P. now owns 754,328 shares of the company’s stock valued at $10,568,000 after purchasing an additional 70,281 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Hooker Furnishings by 1.0% in the third quarter. Geode Capital Management LLC now owns 241,310 shares of the company’s stock worth $4,364,000 after purchasing an additional 2,493 shares in the last quarter. Northern Trust Corp boosted its holdings in Hooker Furnishings by 0.5% during the fourth quarter. Northern Trust Corp now owns 170,582 shares of the company’s stock worth $2,390,000 after purchasing an additional 889 shares during the last quarter. Finally, Peapod Lane Capital LLC bought a new position in Hooker Furnishings in the fourth quarter valued at $1,893,000. 73.63% of the stock is currently owned by institutional investors and hedge funds.

Hooker Furnishings Trading Up 3.1 %

Shares of Hooker Furnishings stock opened at $9.56 on Friday. Hooker Furnishings Co. has a 12-month low of $7.34 and a 12-month high of $19.79. The company has a quick ratio of 1.76, a current ratio of 3.16 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average is $10.34 and its 200-day moving average is $13.59. The stock has a market cap of $102.32 million, a P/E ratio of -10.51, a P/E/G ratio of 0.85 and a beta of 1.23.

Hooker Furnishings (NASDAQ:HOFT) last announced its quarterly earnings results on Thursday, April 17th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.15). The firm had revenue of $104.46 million during the quarter, compared to analyst estimates of $101.25 million. Hooker Furnishings had a negative net margin of 2.46% and a negative return on equity of 3.51%. During the same quarter in the prior year, the business earned $0.06 EPS. Equities research analysts predict that Hooker Furnishings Co. will post -0.44 earnings per share for the current fiscal year.

Hooker Furnishings Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.92 annualized dividend and a dividend yield of 9.62%. Hooker Furnishings’s dividend payout ratio is currently -77.31%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Hooker Furnishings from a “hold” rating to a “sell” rating in a research report on Sunday, April 20th.

About Hooker Furnishings

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.