Truffle Hound Capital LLC Takes Position in Hooker Furnishings Corp. $HOFT

Truffle Hound Capital LLC acquired a new position in shares of Hooker Furnishings Corp. (NASDAQ:HOFT) during the 2nd quarter, Holdings Channel reports. The firm acquired 58,996 shares of the company’s stock, valued at approximately $624,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Strs Ohio acquired a new stake in Hooker Furnishings in the 1st quarter valued at about $124,000. Jane Street Group LLC acquired a new position in Hooker Furnishings during the first quarter worth approximately $146,000. Baron Wealth Management LLC raised its stake in Hooker Furnishings by 39.6% in the second quarter. Baron Wealth Management LLC now owns 16,596 shares of the company’s stock valued at $176,000 after buying an additional 4,707 shares during the period. Nuveen LLC bought a new stake in Hooker Furnishings in the first quarter valued at approximately $227,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Hooker Furnishings in the second quarter valued at approximately $265,000. 73.60% of the stock is owned by institutional investors.

Hooker Furnishings Price Performance

Shares of NASDAQ HOFT opened at $10.36 on Tuesday. The firm has a market cap of $111.37 million, a P/E ratio of -8.56 and a beta of 1.40. The business’s 50 day moving average is $9.74 and its 200-day moving average is $10.06. The company has a current ratio of 2.99, a quick ratio of 1.37 and a debt-to-equity ratio of 0.03. Hooker Furnishings Corp. has a 1-year low of $7.34 and a 1-year high of $19.79.

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

Hooker Furnishings Dividend Announcement

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

Wall Street Analyst Weigh In

HOFT has been the topic of a number of recent analyst reports. Zacks Research raised Hooker Furnishings from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Hooker Furnishings in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Hooker Furnishings 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.