Hooker Furnishings (NASDAQ:HOFT - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a report released on Tuesday.
Hooker Furnishings Price Performance
Shares of Hooker Furnishings stock traded up $0.12 during mid-day trading on Tuesday, reaching $11.61. 288,320 shares of the stock traded hands, compared to its average volume of 37,244. The company has a quick ratio of 1.76, a current ratio of 3.16 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average of $12.81 and a 200 day moving average of $15.24. The stock has a market capitalization of $124.34 million, a PE ratio of -12.76, a PEG ratio of 0.85 and a beta of 1.16. Hooker Furnishings has a fifty-two week low of $11.17 and a fifty-two week high of $24.18.
Institutional Investors Weigh In On Hooker Furnishings
A number of large investors have recently made changes to their positions in the stock. Deutsche Bank AG grew its position in shares of Hooker Furnishings by 97.5% in the fourth quarter. Deutsche Bank AG now owns 14,494 shares of the company's stock valued at $203,000 after purchasing an additional 7,157 shares in the last quarter. Bridgeway Capital Management LLC grew its position in shares of Hooker Furnishings by 1.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 129,987 shares of the company's stock valued at $1,821,000 after purchasing an additional 1,535 shares in the last quarter. Bank of America Corp DE grew its position in shares of Hooker Furnishings by 13.3% in the fourth quarter. Bank of America Corp DE now owns 16,008 shares of the company's stock valued at $224,000 after purchasing an additional 1,875 shares in the last quarter. 4WEALTH Advisors Inc. purchased a new position in Hooker Furnishings in the fourth quarter worth approximately $222,000. Finally, Northern Trust Corp grew its position in Hooker Furnishings by 0.5% in the fourth quarter. Northern Trust Corp now owns 170,582 shares of the company's stock worth $2,390,000 after acquiring an additional 889 shares during the period. 73.63% of the stock is currently owned by hedge funds and other institutional investors.
About Hooker Furnishings
(
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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