Donald Smith & CO. Inc. Sells 977 Shares of Hooker Furnishings Co. (NASDAQ:HOFT)

Donald Smith & CO. Inc. lessened its position in shares of Hooker Furnishings Co. (NASDAQ:HOFT) by 0.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,145,272 shares of the company’s stock after selling 977 shares during the quarter. Donald Smith & CO. Inc. owned approximately 0.11% of Hooker Furnishings worth $29,869,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of HOFT. SG Americas Securities LLC increased its position in shares of Hooker Furnishings by 18.5% during the 4th quarter. SG Americas Securities LLC now owns 7,262 shares of the company’s stock worth $189,000 after purchasing an additional 1,135 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Hooker Furnishings by 66.7% in the third quarter. Public Employees Retirement System of Ohio now owns 4,045 shares of the company’s stock valued at $79,000 after acquiring an additional 1,618 shares during the last quarter. Baron Wealth Management LLC bought a new stake in shares of Hooker Furnishings during the 4th quarter valued at $207,000. Strs Ohio lifted its stake in shares of Hooker Furnishings by 44.6% in the 3rd quarter. Strs Ohio now owns 28,200 shares of the company’s stock valued at $548,000 after purchasing an additional 8,700 shares during the period. Finally, Bailard Inc. bought a new position in shares of Hooker Furnishings in the 4th quarter worth $243,000. 73.63% of the stock is currently owned by institutional investors and hedge funds.

Hooker Furnishings Trading Down 0.2 %

Hooker Furnishings stock traded down $0.04 during mid-day trading on Monday, hitting $17.30. 40,205 shares of the company’s stock were exchanged, compared to its average volume of 40,644. Hooker Furnishings Co. has a fifty-two week low of $14.73 and a fifty-two week high of $27.15. The company has a quick ratio of 2.49, a current ratio of 3.98 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $184.42 million, a P/E ratio of 19.22, a PEG ratio of 1.02 and a beta of 1.06. The company’s 50 day simple moving average is $22.25 and its 200-day simple moving average is $21.90.

Hooker Furnishings Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date was Friday, March 15th. Hooker Furnishings’s dividend payout ratio (DPR) is presently 101.10%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Hooker Furnishings from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th.

Hooker Furnishings Profile

Hooker Furnishings Corporation designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. The company's 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.