Hooker Furnishings Co. (NASDAQ:HOFT) Short Interest Update

Hooker Furnishings Co. (NASDAQ:HOFT - Get Free Report) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 280,800 shares, a decrease of 15.0% from the March 15th total of 330,400 shares. Based on an average daily volume of 64,200 shares, the short-interest ratio is currently 4.4 days. Currently, 2.7% of the company's stock are sold short.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in HOFT. Tower Research Capital LLC TRC raised its position in Hooker Furnishings by 225.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,074 shares of the company's stock worth $43,000 after acquiring an additional 2,130 shares during the period. Wells Fargo & Company MN grew its position in Hooker Furnishings by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 6,227 shares of the company's stock worth $87,000 after acquiring an additional 1,356 shares during the period. Oak Hill Wealth Advisors LLC purchased a new position in shares of Hooker Furnishings during the 4th quarter worth $145,000. Deutsche Bank AG increased its position in shares of Hooker Furnishings by 97.5% during the fourth quarter. Deutsche Bank AG now owns 14,494 shares of the company's stock valued at $203,000 after acquiring an additional 7,157 shares during the last quarter. Finally, 4WEALTH Advisors Inc. purchased a new stake in Hooker Furnishings in the fourth quarter valued at approximately $222,000. 73.63% of the stock is owned by institutional investors and hedge funds.

Hooker Furnishings Stock Performance

HOFT stock traded down $0.13 during trading on Friday, reaching $8.85. The company had a trading volume of 63,800 shares, compared to its average volume of 43,337. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.76 and a current ratio of 3.16. Hooker Furnishings has a twelve month low of $7.34 and a twelve month high of $19.79. The company has a market cap of $94.78 million, a price-to-earnings ratio of -9.73, a price-to-earnings-growth ratio of 0.85 and a beta of 1.23. The firm has a 50-day simple moving average of $10.70 and a 200-day simple moving average of $13.83.

Hooker Furnishings (NASDAQ:HOFT - Get Free Report) last posted its earnings results on Thursday, April 17th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.15). The company had revenue of $104.46 million for the quarter, compared to analyst estimates of $101.25 million. Hooker Furnishings had a negative return on equity of 3.51% and a negative net margin of 2.46%. During the same period last year, the business earned $0.06 earnings per share. As a group, sell-side analysts expect that Hooker Furnishings 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 Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.92 dividend on an annualized basis and a yield of 10.40%. Hooker Furnishings's dividend payout ratio is currently -77.31%.

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.