Truffle Hound Capital LLC Acquires New Holdings in Hooker Furnishings Corp. $HOFT

Truffle Hound Capital LLC bought a new position in shares of Hooker Furnishings Corp. (NASDAQ:HOFT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 58,996 shares of the company’s stock, valued at approximately $624,000. Truffle Hound Capital LLC owned approximately 0.55% 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 the stock. Strs Ohio acquired a new position in shares of Hooker Furnishings in the first quarter valued at approximately $124,000. Jane Street Group LLC acquired a new stake in shares of Hooker Furnishings during the first quarter worth $146,000. Baron Wealth Management LLC lifted its position in Hooker Furnishings by 39.6% in the 2nd quarter. Baron Wealth Management LLC now owns 16,596 shares of the company’s stock valued at $176,000 after acquiring an additional 4,707 shares in the last quarter. Nuveen LLC acquired a new position in Hooker Furnishings in the 1st quarter worth $227,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Hooker Furnishings during the 2nd quarter worth about $265,000. 73.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HOFT. Weiss Ratings restated a “sell (d)” rating on shares of Hooker Furnishings in a report on Wednesday, October 8th. Zacks Research raised Hooker Furnishings from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Hooker Furnishings has an average rating of “Reduce”.

Hooker Furnishings Trading Up 0.1%

Shares of NASDAQ:HOFT opened at $10.36 on Tuesday. The company’s 50-day moving average price is $9.74 and its two-hundred day moving average price is $10.06. Hooker Furnishings Corp. has a one year low of $7.34 and a one year high of $19.79. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.99 and a quick ratio of 1.37. The stock has a market capitalization of $111.37 million, a PE ratio of -8.56 and a beta of 1.40.

Hooker Furnishings (NASDAQ:HOFT) last released its earnings results on Thursday, September 11th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.19). Hooker Furnishings had a negative net margin of 3.40% and a negative return on equity of 4.17%. The company had revenue of $82.15 million during the quarter, compared to analyst estimates of $91.21 million. During the same period in the prior year, the firm posted ($0.19) EPS. On average, equities analysts forecast that Hooker Furnishings Corp. will post -0.44 EPS for the current fiscal year.

Hooker Furnishings Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, September 19th. This represents a $0.92 annualized dividend and a dividend yield of 8.9%. Hooker Furnishings’s payout ratio is -76.03%.

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.