Hooker Furnishings Co. (NASDAQ:HOFT) Short Interest Update

Hooker Furnishings Co. (NASDAQ:HOFT) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 303,800 shares, a growth of 24.6% from the February 13th total of 243,800 shares. Currently, 2.9% of the company’s shares are sold short. Based on an average daily volume of 53,700 shares, the days-to-cover ratio is currently 5.7 days.

Hooker Furnishings Trading Up 0.5 %

HOFT opened at $11.60 on Wednesday. The company has a quick ratio of 1.76, a current ratio of 3.16 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $124.24 million, a P/E ratio of -12.75, a PEG ratio of 0.85 and a beta of 1.16. The stock’s fifty day moving average is $12.91 and its two-hundred day moving average is $15.32. Hooker Furnishings has a 52 week low of $11.17 and a 52 week high of $24.18.

Hooker Furnishings Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.92 annualized dividend and a yield of 7.93%. Hooker Furnishings’s dividend payout ratio (DPR) is presently -101.10%.

Institutional Trading of Hooker Furnishings

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its position in shares of Hooker Furnishings by 225.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,074 shares of the company’s stock worth $43,000 after purchasing an additional 2,130 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Hooker Furnishings by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 6,227 shares of the company’s stock worth $87,000 after purchasing an additional 1,356 shares in the last quarter. Oak Hill Wealth Advisors LLC acquired a new stake in shares of Hooker Furnishings in the 4th quarter worth $145,000. Deutsche Bank AG boosted its position in shares of Hooker Furnishings by 97.5% in the 4th quarter. Deutsche Bank AG now owns 14,494 shares of the company’s stock worth $203,000 after purchasing an additional 7,157 shares in the last quarter. Finally, Baron Wealth Management LLC acquired a new stake in shares of Hooker Furnishings in the 3rd quarter worth $215,000. Institutional investors own 73.63% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.