Los Angeles Capital Management LLC Trims Stock Holdings in Hooker Furnishings Co. (NASDAQ:HOFT)

Los Angeles Capital Management LLC lowered its stake in Hooker Furnishings Co. (NASDAQ:HOFT - Free Report) by 38.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,782 shares of the company's stock after selling 25,088 shares during the period. Los Angeles Capital Management LLC owned approximately 0.38% of Hooker Furnishings worth $571,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Baron Wealth Management LLC purchased a new stake in shares of Hooker Furnishings in the third quarter valued at approximately $215,000. Barclays PLC increased its stake in shares of Hooker Furnishings by 270.4% during the third quarter. Barclays PLC now owns 15,463 shares of the company's stock valued at $279,000 after buying an additional 11,288 shares during the period. HighTower Advisors LLC raised its holdings in shares of Hooker Furnishings by 26.4% in the third quarter. HighTower Advisors LLC now owns 19,004 shares of the company's stock valued at $344,000 after acquiring an additional 3,966 shares in the last quarter. Empowered Funds LLC lifted its stake in Hooker Furnishings by 5.0% in the fourth quarter. Empowered Funds LLC now owns 51,623 shares of the company's stock worth $723,000 after acquiring an additional 2,435 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Hooker Furnishings by 107.5% in 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 in the last quarter. Institutional investors own 73.63% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Hooker Furnishings from a "hold" rating to a "sell" rating in a research note on Friday.

Hooker Furnishings Stock Down 4.1 %

Shares of NASDAQ:HOFT traded down $0.54 on Monday, reaching $12.53. The company had a trading volume of 67,909 shares, compared to its average volume of 35,506. The firm has a market capitalization of $134.20 million, a PE ratio of -13.77, a PEG ratio of 0.85 and a beta of 1.25. 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 52-week low of $12.06 and a 52-week high of $24.82. The firm's 50 day simple moving average is $13.25 and its 200-day simple moving average is $15.58.

Hooker Furnishings (NASDAQ:HOFT - Get Free Report) last posted its earnings results on Thursday, December 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.22). Hooker Furnishings had a negative net margin of 2.46% and a negative return on equity of 3.51%. As a group, analysts expect that Hooker Furnishings Co. will post -0.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Hooker Furnishings news, Director Paulette Garafalo sold 2,489 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $17.10, for a total value of $42,561.90. Following the completion of the sale, the director now owns 20,783 shares of the company's stock, valued at approximately $355,389.30. This trade represents a 10.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.70% of the company's stock.

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.