Hooker Furnishings (NASDAQ:HOFT) Raised to Hold at StockNews.com

Hooker Furnishings (NASDAQ:HOFT) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Hooker Furnishings Trading Down 0.9 %

Hooker Furnishings stock opened at $11.50 on Tuesday. The stock has a 50-day moving average of $12.88 and a two-hundred day moving average of $15.30. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.76 and a current ratio of 3.16. Hooker Furnishings has a one year low of $11.17 and a one year high of $24.18. The stock has a market cap of $123.17 million, a PE ratio of -12.64, a price-to-earnings-growth ratio of 0.85 and a beta of 1.16.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Deutsche Bank AG raised its position in Hooker Furnishings by 97.5% during the fourth quarter. Deutsche Bank AG now owns 14,494 shares of the company’s stock valued at $203,000 after acquiring an additional 7,157 shares in the last quarter. Bridgeway Capital Management LLC increased its position in shares of Hooker Furnishings by 1.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 129,987 shares of the company’s stock worth $1,821,000 after purchasing an additional 1,535 shares in the last quarter. Bank of America Corp DE increased its position in shares of Hooker Furnishings by 13.3% during the fourth quarter. Bank of America Corp DE now owns 16,008 shares of the company’s stock worth $224,000 after purchasing an additional 1,875 shares in the last quarter. 4WEALTH Advisors Inc. acquired a new position in Hooker Furnishings during the fourth quarter worth $222,000. Finally, Northern Trust Corp boosted its stake in Hooker Furnishings by 0.5% during the fourth quarter. Northern Trust Corp now owns 170,582 shares of the company’s stock worth $2,390,000 after buying an additional 889 shares during the last quarter. 73.63% of the stock is currently owned by hedge funds and other institutional investors.

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.