Azarias Capital Management L.P. Has $4.80 Million Holdings in Hooker Furnishings Corp. $HOFT

Azarias Capital Management L.P. increased its holdings in shares of Hooker Furnishings Corp. (NASDAQ:HOFT) by 33.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 473,179 shares of the company’s stock after acquiring an additional 118,989 shares during the period. Hooker Furnishings comprises approximately 1.9% of Azarias Capital Management L.P.’s holdings, making the stock its 20th largest holding. Azarias Capital Management L.P.’s holdings in Hooker Furnishings were worth $4,803,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Osaic Holdings Inc. lifted its holdings in Hooker Furnishings by 940.0% during the 2nd quarter. Osaic Holdings Inc. now owns 10,400 shares of the company’s stock worth $110,000 after buying an additional 9,400 shares in the last quarter. Strs Ohio bought a new position in Hooker Furnishings during the first quarter worth about $124,000. Jane Street Group LLC acquired a new position in Hooker Furnishings during the first quarter valued at approximately $146,000. Baron Wealth Management LLC grew its holdings in shares of Hooker Furnishings by 39.6% in the 2nd quarter. Baron Wealth Management LLC now owns 16,596 shares of the company’s stock valued at $176,000 after buying an additional 4,707 shares during the period. Finally, PDT Partners LLC acquired a new position in Hooker Furnishings in the second quarter valued at about $190,000. Institutional investors own 73.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on HOFT shares. Weiss Ratings reissued a “sell (d)” rating on shares of Hooker Furnishings in a research report on Wednesday, October 8th. Zacks Research lowered shares of Hooker Furnishings from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 26th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, Hooker Furnishings presently has a consensus rating of “Sell”.

Hooker Furnishings Stock Down 0.0%

HOFT opened at $11.18 on Friday. The stock’s fifty day simple moving average is $10.18 and its 200 day simple moving average is $10.29. The company has a current ratio of 2.67, a quick ratio of 1.35 and a debt-to-equity ratio of 0.02. The stock has a market cap of $120.47 million, a PE ratio of -3.98 and a beta of 1.41. Hooker Furnishings Corp. has a 1-year low of $7.34 and a 1-year high of $14.28.

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

Hooker Furnishings Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Sunday, December 21st will be issued a dividend of $0.115 per share. The ex-dividend date of this dividend is Friday, December 19th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.1%. Hooker Furnishings’s dividend payout ratio (DPR) is currently -16.37%.

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.