Hooker Furnishings (NASDAQ:HOFT) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

Hooker Furnishings Corp. (NASDAQ:HOFT - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.98 and traded as high as $11.55. Hooker Furnishings shares last traded at $11.19, with a volume of 41,440 shares changing hands.

Wall Street Analyst Weigh In

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

Hooker Furnishings Trading Down 2.8%

The company has a debt-to-equity ratio of 0.11, a current ratio of 3.94 and a quick ratio of 1.96. The stock has a market capitalization of $98.29 million, a price-to-earnings ratio of -8.49, a PEG ratio of 5.38 and a beta of 1.37. The business has a 50 day simple moving average of $10.64 and a 200-day simple moving average of $10.95.

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

Hooker Furnishings Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 10.0%. The ex-dividend date of this dividend was Monday, June 16th. Hooker Furnishings's payout ratio is presently -84.40%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its position in shares of Hooker Furnishings by 225.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,074 shares of the company's stock worth $43,000 after buying an additional 2,130 shares during the period. GAMMA Investing LLC boosted its position in shares of Hooker Furnishings by 9,630.8% during the first quarter. GAMMA Investing LLC now owns 5,060 shares of the company's stock worth $504,000 after buying an additional 5,008 shares during the period. Wells Fargo & Company MN boosted its position in shares of Hooker Furnishings by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 6,227 shares of the company's stock worth $87,000 after buying an additional 1,356 shares during the period. Strs Ohio acquired a new position in shares of Hooker Furnishings during the first quarter worth about $124,000. Finally, Deutsche Bank AG boosted its position in shares of Hooker Furnishings by 97.5% during the fourth quarter. Deutsche Bank AG now owns 14,494 shares of the company's stock worth $203,000 after buying an additional 7,157 shares during the period. 73.63% of the stock is owned by institutional investors and hedge funds.

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.