Hooker Furnishings (NASDAQ:HOFT - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Friday.
Hooker Furnishings Price Performance
NASDAQ:HOFT traded up $0.56 during mid-day trading on Friday, reaching $8.90. The stock had a trading volume of 26,555 shares, compared to its average volume of 41,657. Hooker Furnishings has a one year low of $8.03 and a one year high of $22.06. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.76 and a current ratio of 3.16. The firm has a 50 day moving average price of $11.94 and a two-hundred day moving average price of $14.62. The stock has a market capitalization of $95.32 million, a P/E ratio of -9.74, a P/E/G ratio of 0.85 and a beta of 1.23.
Institutional Trading of Hooker Furnishings
A number of institutional investors have recently made changes to their positions in the stock. Northern Trust Corp raised its holdings in Hooker Furnishings by 0.5% during the 4th quarter. Northern Trust Corp now owns 170,582 shares of the company's stock valued at $2,390,000 after buying an additional 889 shares during the last quarter. Wells Fargo & Company MN increased its position in Hooker Furnishings by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 6,227 shares of the company's stock valued at $87,000 after purchasing an additional 1,356 shares during the period. Bridgeway Capital Management LLC lifted its position in shares of Hooker Furnishings by 1.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 129,987 shares of the company's stock worth $1,821,000 after purchasing an additional 1,535 shares during the period. Bank of America Corp DE lifted its position in shares of Hooker Furnishings by 13.3% in the 4th quarter. Bank of America Corp DE now owns 16,008 shares of the company's stock worth $224,000 after purchasing an additional 1,875 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Hooker Furnishings by 6.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,531 shares of the company's stock valued at $442,000 after buying an additional 1,900 shares during the period. Hedge funds and other institutional investors own 73.63% of the company's stock.
Hooker Furnishings Company Profile
(
Get Free Report)
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.
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