Charles Schwab Investment Management Inc. Increases Stock Holdings in Hooker Furnishings Co. (NASDAQ:HOFT)

Charles Schwab Investment Management Inc. boosted its position in shares of Hooker Furnishings Co. (NASDAQ:HOFT) by 6.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,531 shares of the company’s stock after acquiring an additional 1,900 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Hooker Furnishings were worth $442,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in Hooker Furnishings by 107.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 43,688 shares of the company’s stock valued at $790,000 after purchasing an additional 22,635 shares during the period. Barclays PLC raised its position in shares of Hooker Furnishings by 270.4% in the third quarter. Barclays PLC now owns 15,463 shares of the company’s stock worth $279,000 after buying an additional 11,288 shares in the last quarter. Stifel Financial Corp boosted its stake in Hooker Furnishings by 9.5% during the third quarter. Stifel Financial Corp now owns 44,003 shares of the company’s stock valued at $796,000 after buying an additional 3,827 shares during the period. Geode Capital Management LLC grew its position in Hooker Furnishings by 1.0% during the third quarter. Geode Capital Management LLC now owns 241,310 shares of the company’s stock worth $4,364,000 after buying an additional 2,493 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake 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 acquiring an additional 3,966 shares during the last quarter. Institutional investors own 73.63% of the company’s stock.

Hooker Furnishings Trading Down 3.9 %

Shares of Hooker Furnishings stock opened at $10.04 on Tuesday. 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 Co. has a 1 year low of $10.00 and a 1 year high of $24.18. The firm has a market cap of $107.53 million, a PE ratio of -11.03, a PEG ratio of 0.85 and a beta of 1.16. The company has a 50 day simple moving average of $12.53 and a two-hundred day simple moving average of $15.02.

Hooker Furnishings Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.23 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.92 annualized dividend and a yield of 9.16%. Hooker Furnishings’s dividend payout ratio (DPR) is presently -101.10%.

Analyst Upgrades and Downgrades

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

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.