Donald Smith & CO. Inc. Has $14.12 Million Stock Holdings in Hooker Furnishings Co. (NASDAQ:HOFT)

Donald Smith & CO. Inc. trimmed its holdings in shares of Hooker Furnishings Co. (NASDAQ:HOFT) by 0.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,007,791 shares of the company’s stock after selling 7,933 shares during the period. Donald Smith & CO. Inc. owned approximately 0.09% of Hooker Furnishings worth $14,119,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Hooker Furnishings by 6.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,531 shares of the company’s stock worth $442,000 after purchasing an additional 1,900 shares during the period. Empowered Funds LLC lifted its position in Hooker Furnishings by 5.0% in the 4th quarter. Empowered Funds LLC now owns 51,623 shares of the company’s stock worth $723,000 after buying an additional 2,435 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Hooker Furnishings by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 241,310 shares of the company’s stock valued at $4,364,000 after buying an additional 2,493 shares during the period. Stifel Financial Corp increased its stake in shares of Hooker Furnishings by 9.5% in the third quarter. Stifel Financial Corp now owns 44,003 shares of the company’s stock worth $796,000 after acquiring an additional 3,827 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in Hooker Furnishings by 26.4% in the 3rd quarter. HighTower Advisors LLC now owns 19,004 shares of the company’s stock worth $344,000 after purchasing an additional 3,966 shares during the last quarter. 73.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Hooker Furnishings from a “sell” rating to a “hold” rating in a report on Tuesday, March 18th.

Hooker Furnishings Price Performance

Shares of NASDAQ:HOFT opened at $10.39 on Thursday. The stock has a market capitalization of $111.28 million, a P/E ratio of -11.42, a P/E/G ratio of 0.85 and a beta of 1.16. The business has a 50-day moving average of $12.40 and a two-hundred day moving average of $14.95. Hooker Furnishings Co. has a fifty-two week low of $9.53 and a fifty-two week high of $23.85. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.16 and a quick ratio of 1.76.

Hooker Furnishings Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.92 dividend on an annualized basis and a yield of 8.85%. Hooker Furnishings’s payout ratio is currently -101.10%.

About Hooker Furnishings

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.