Hooker Furnishings Co. (NASDAQ:HOFT) Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC raised its stake in shares of Hooker Furnishings Co. (NASDAQ:HOFT - Free Report) by 95.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 113,909 shares of the company's stock after purchasing an additional 55,629 shares during the period. First Eagle Investment Management LLC owned 1.06% of Hooker Furnishings worth $1,596,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in HOFT. Peapod Lane Capital LLC bought a new position in shares of Hooker Furnishings during the 4th quarter valued at about $1,893,000. Azarias Capital Management L.P. boosted its holdings in shares of Hooker Furnishings by 10.3% during the 4th 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. Pzena Investment Management LLC boosted its holdings in shares of Hooker Furnishings by 3.8% during the 4th quarter. Pzena Investment Management LLC now owns 1,335,593 shares of the company's stock valued at $18,712,000 after purchasing an additional 49,212 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Hooker Furnishings by 107.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 43,688 shares of the company's stock valued at $790,000 after purchasing an additional 22,635 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Hooker Furnishings by 27.7% in the 4th quarter. Bank of New York Mellon Corp now owns 89,658 shares of the company's stock valued at $1,256,000 after acquiring an additional 19,459 shares during the last quarter. Institutional investors own 73.63% of the company's stock.

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Analyst Ratings Changes

Separately, StockNews.com raised shares of Hooker Furnishings from a "sell" rating to a "hold" rating in a report on Tuesday.

Hooker Furnishings Trading Down 0.1 %

Shares of NASDAQ:HOFT traded down $0.01 during trading on Thursday, reaching $11.49. The company's stock had a trading volume of 46,735 shares, compared to its average volume of 54,003. The company has a current ratio of 3.16, a quick ratio of 1.76 and a debt-to-equity ratio of 0.10. Hooker Furnishings Co. has a 12 month low of $11.17 and a 12 month high of $24.18. The firm's 50 day simple moving average is $12.88 and its two-hundred day simple moving average is $15.30. The stock has a market capitalization of $123.06 million, a PE ratio of -12.63, a price-to-earnings-growth ratio of 0.85 and a beta of 1.16.

Hooker Furnishings Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.01%. The ex-dividend date is Monday, March 17th. Hooker Furnishings's dividend payout ratio (DPR) is presently -101.10%.

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.