Hodges Capital Management Inc. acquired a new position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 211,800 shares of the company’s stock, valued at approximately $4,948,000. Hodges Capital Management Inc. owned 1.30% of Haverty Furniture Companies as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Haverty Furniture Companies by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 910,883 shares of the company’s stock worth $19,976,000 after acquiring an additional 28,111 shares during the period. Bridgeway Capital Management LLC lifted its holdings in shares of Haverty Furniture Companies by 7.4% during the 3rd quarter. Bridgeway Capital Management LLC now owns 188,396 shares of the company’s stock worth $4,132,000 after acquiring an additional 12,994 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Haverty Furniture Companies by 22.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 175,573 shares of the company’s stock worth $3,573,000 after acquiring an additional 32,503 shares during the period. Jane Street Group LLC lifted its holdings in shares of Haverty Furniture Companies by 68.7% during the 1st quarter. Jane Street Group LLC now owns 172,099 shares of the company’s stock worth $3,394,000 after acquiring an additional 70,060 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Haverty Furniture Companies by 30.5% during the 1st quarter. AQR Capital Management LLC now owns 162,821 shares of the company’s stock worth $3,211,000 after acquiring an additional 38,074 shares during the period. 80.57% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several brokerages recently issued reports on HVT. Weiss Ratings downgraded shares of Haverty Furniture Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Zacks Research downgraded shares of Haverty Furniture Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 26th. Finally, Wall Street Zen downgraded shares of Haverty Furniture Companies from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce”.
Haverty Furniture Companies Trading Up 0.5%
Shares of NYSE HVT opened at $23.45 on Thursday. Haverty Furniture Companies, Inc. has a 1-year low of $19.32 and a 1-year high of $27.67. The company has a market cap of $377.37 million, a PE ratio of 19.55, a P/E/G ratio of 1.20 and a beta of 1.20. The company has a 50-day moving average of $22.20 and a two-hundred day moving average of $23.59.
Haverty Furniture Companies (NYSE:HVT – Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. Haverty Furniture Companies had a net margin of 2.64% and a return on equity of 6.60%. The company had revenue of $189.05 million during the quarter, compared to the consensus estimate of $191.99 million. As a group, equities research analysts forecast that Haverty Furniture Companies, Inc. will post 1.62 earnings per share for the current year.
Haverty Furniture Companies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Monday, June 1st will be paid a $0.33 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.6%. Haverty Furniture Companies’s payout ratio is currently 110.00%.
Haverty Furniture Companies Profile
Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and home décor in the United States. Founded in 1885 by J.J. Haverty and headquartered in Atlanta, Georgia, the company offers a broad assortment of upholstered furniture, case goods, mattresses, area rugs and decorative accessories. Customers can shop through a network of company-owned showrooms as well as an e-commerce platform, supported by in-house design services, delivery options and consumer financing programs.
Over more than a century of operation, Havertys has expanded its presence primarily across the Southeast and select markets beyond.
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