Hooker Furnishings Corp. (NASDAQ:HOFT) Shares Sold by Peapod Lane Capital LLC

Peapod Lane Capital LLC lessened its stake in Hooker Furnishings Corp. (NASDAQ:HOFT - Free Report) by 36.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 85,572 shares of the company's stock after selling 49,527 shares during the period. Peapod Lane Capital LLC owned 0.80% of Hooker Furnishings worth $859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. First Eagle Investment Management LLC raised its position in shares of Hooker Furnishings by 95.5% in the 4th quarter. First Eagle Investment Management LLC now owns 113,909 shares of the company's stock valued at $1,596,000 after purchasing an additional 55,629 shares during the last quarter. Pzena Investment Management LLC increased its stake in Hooker Furnishings by 3.8% during the 4th quarter. Pzena Investment Management LLC now owns 1,335,593 shares of the company's stock valued at $18,712,000 after purchasing an additional 49,212 shares in the last quarter. Waterfront Wealth Inc. raised its holdings in shares of Hooker Furnishings by 151.6% in the first quarter. Waterfront Wealth Inc. now owns 77,462 shares of the company's stock worth $778,000 after buying an additional 46,678 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Hooker Furnishings by 27.7% during the fourth quarter. Bank of New York Mellon Corp now owns 89,658 shares of the company's stock worth $1,256,000 after buying an additional 19,459 shares during the period. Finally, 4WEALTH Advisors Inc. purchased a new stake in shares of Hooker Furnishings during the fourth quarter valued at $222,000. 73.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Hooker Furnishings from a "hold" rating to a "sell" rating in a research note on Sunday, April 20th.

Hooker Furnishings Stock Performance

Shares of Hooker Furnishings stock traded up $0.17 on Friday, reaching $11.17. 56,395 shares of the stock were exchanged, compared to its average volume of 59,057. The business has a 50 day moving average price of $10.27 and a two-hundred day moving average price of $11.21. The firm has a market capitalization of $119.52 million, a price-to-earnings ratio of -10.25, a PEG ratio of 6.04 and a beta of 1.37. Hooker Furnishings Corp. has a twelve month low of $7.34 and a twelve month high of $19.79. The company has a quick ratio of 1.96, a current ratio of 3.94 and a debt-to-equity ratio of 0.11.

Hooker Furnishings (NASDAQ:HOFT - Get Free Report) last announced its quarterly earnings data on Thursday, June 12th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.13). The business had revenue of $85.32 million for the quarter, compared to analyst estimates of $88.87 million. Hooker Furnishings had a negative net margin of 2.95% and a negative return on equity of 3.41%. Analysts anticipate that Hooker Furnishings Corp. will post -0.44 earnings per share for the current fiscal year.

Hooker Furnishings Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a dividend of $0.23 per share. The ex-dividend date was Monday, June 16th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.24%. Hooker Furnishings's payout ratio is currently -84.40%.

Hooker Furnishings 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.