Hooker Furnishings Corp. $HOFT Shares Bought by First Eagle Investment Management LLC

First Eagle Investment Management LLC raised its holdings in Hooker Furnishings Corp. (NASDAQ:HOFT) by 15.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 364,973 shares of the company’s stock after buying an additional 47,559 shares during the quarter. First Eagle Investment Management LLC’s holdings in Hooker Furnishings were worth $3,704,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Peapod Lane Capital LLC increased its holdings in shares of Hooker Furnishings by 21.4% during the third quarter. Peapod Lane Capital LLC now owns 177,083 shares of the company’s stock valued at $1,797,000 after acquiring an additional 31,207 shares in the last quarter. Pzena Investment Management LLC grew its position in Hooker Furnishings by 4.2% during the 3rd quarter. Pzena Investment Management LLC now owns 1,416,002 shares of the company’s stock worth $14,372,000 after purchasing an additional 57,276 shares during the last quarter. GSA Capital Partners LLP grew its position in Hooker Furnishings by 40.0% during the 3rd quarter. GSA Capital Partners LLP now owns 17,372 shares of the company’s stock worth $176,000 after purchasing an additional 4,959 shares during the last quarter. Vanguard Group Inc. increased its stake in Hooker Furnishings by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 595,587 shares of the company’s stock valued at $6,045,000 after purchasing an additional 4,138 shares in the last quarter. Finally, Atlantic Union Bankshares Corp raised its holdings in shares of Hooker Furnishings by 22.0% in the third quarter. Atlantic Union Bankshares Corp now owns 15,860 shares of the company’s stock worth $161,000 after buying an additional 2,860 shares during the last quarter. Hedge funds and other institutional investors own 73.60% of the company’s stock.

Hooker Furnishings Stock Up 0.4%

Shares of HOFT opened at $13.53 on Thursday. The company has a market capitalization of $145.85 million, a price-to-earnings ratio of -4.81, a PEG ratio of 1.09 and a beta of 1.35. Hooker Furnishings Corp. has a 52 week low of $7.34 and a 52 week high of $15.99. The stock’s 50-day moving average price is $13.23 and its 200-day moving average price is $11.22. The company has a quick ratio of 1.35, a current ratio of 2.67 and a debt-to-equity ratio of 0.02.

Hooker Furnishings (NASDAQ:HOFT) last announced its quarterly earnings results on Thursday, December 11th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.54. Hooker Furnishings had a negative return on equity of 1.07% and a negative net margin of 8.71%.The company had revenue of $70.73 million during the quarter, compared to analysts’ expectations of $85.50 million. On average, sell-side analysts predict that Hooker Furnishings Corp. will post -0.44 EPS for the current year.

Hooker Furnishings Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Sunday, December 21st were paid a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, December 19th. Hooker Furnishings’s payout ratio is currently -16.37%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Hooker Furnishings in a report on Thursday, January 22nd. Wall Street Zen raised Hooker Furnishings from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Zacks Research lowered Hooker Furnishings from a “hold” rating to a “strong sell” rating in a report on Monday, February 2nd. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Hooker Furnishings Profile

Hooker Furnishings, formerly known as Hooker Furniture Corporation, is a designer, marketer and distributor of high-quality home furnishings. Headquartered in Martinsville, Virginia, the company offers a broad range of wood and upholstered furniture products across bedroom, dining, home office and accent categories. Its portfolio includes solid wood and engineered wood case goods, upholstered seating, accent tables and decorative accessories, reflecting styles that range from traditional to contemporary.

The company’s operations are organized into three reportable segments: Domestic Wholesale, Retail and Logistics, and International.