Donald Smith & CO. Inc. Sells 35,429 Shares of Hooker Furnishings Co. (NASDAQ:HOFT)

Donald Smith & CO. Inc. decreased its holdings in Hooker Furnishings Co. (NASDAQ:HOFT - Free Report) by 3.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,015,724 shares of the company's stock after selling 35,429 shares during the quarter. Donald Smith & CO. Inc. owned 9.51% of Hooker Furnishings worth $18,364,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Azarias Capital Management L.P. increased its position in Hooker Furnishings by 23.8% in the 2nd quarter. Azarias Capital Management L.P. now owns 624,415 shares of the company's stock valued at $9,042,000 after acquiring an additional 120,219 shares during the period. American Century Companies Inc. lifted its holdings in Hooker Furnishings by 18.0% in the 2nd quarter. American Century Companies Inc. now owns 204,614 shares of the company's stock worth $2,963,000 after buying an additional 31,261 shares in the last quarter. Acuitas Investments LLC bought a new position in shares of Hooker Furnishings during the second quarter worth about $1,180,000. Bank of New York Mellon Corp lifted its holdings in Hooker Furnishings by 3.2% in the second quarter. Bank of New York Mellon Corp now owns 78,249 shares of the company's stock worth $1,133,000 after acquiring an additional 2,452 shares during the last quarter. Finally, Foundry Partners LLC grew its position in shares of Hooker Furnishings by 95.1% during the second quarter. Foundry Partners LLC now owns 70,605 shares of the company's stock worth $1,022,000 after acquiring an additional 34,410 shares during the last quarter. Institutional investors and hedge funds own 73.63% of the company's stock.

Hooker Furnishings Trading Down 0.3 %

HOFT traded down $0.05 on Wednesday, reaching $16.84. The company had a trading volume of 22,993 shares, compared to its average volume of 34,071. The company has a fifty day moving average of $16.50 and a 200-day moving average of $16.05. Hooker Furnishings Co. has a one year low of $13.09 and a one year high of $27.15. The company has a market capitalization of $179.88 million, a P/E ratio of 43.31 and a beta of 1.18.

Hooker Furnishings (NASDAQ:HOFT - Get Free Report) last posted its earnings results on Thursday, September 5th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.06). The business had revenue of $95.08 million during the quarter, compared to analyst estimates of $93.54 million. Hooker Furnishings had a net margin of 0.40% and a return on equity of 0.72%. During the same quarter last year, the firm earned $0.07 earnings per share. Research analysts predict that Hooker Furnishings Co. will post -0.25 EPS for the current year.

Hooker Furnishings Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 5.46%. The ex-dividend date was Friday, September 13th. Hooker Furnishings's payout ratio is 235.90%.

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.