6,610 Shares in Haverty Furniture Companies, Inc. (NYSE:HVT) Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC bought a new position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,610 shares of the company’s stock, valued at approximately $235,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Invesco Ltd. boosted its holdings in shares of Haverty Furniture Companies by 8.8% during the 3rd quarter. Invesco Ltd. now owns 322,446 shares of the company’s stock worth $9,280,000 after buying an additional 26,157 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Haverty Furniture Companies by 109.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 59,178 shares of the company’s stock valued at $2,101,000 after purchasing an additional 30,894 shares during the period. Swiss National Bank boosted its holdings in Haverty Furniture Companies by 2.1% in the 3rd quarter. Swiss National Bank now owns 29,700 shares of the company’s stock valued at $855,000 after purchasing an additional 600 shares during the period. Rhumbline Advisers boosted its holdings in Haverty Furniture Companies by 58.6% in the 3rd quarter. Rhumbline Advisers now owns 114,258 shares of the company’s stock valued at $3,288,000 after purchasing an additional 42,198 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Haverty Furniture Companies by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 299,501 shares of the company’s stock valued at $8,620,000 after purchasing an additional 7,620 shares during the period. Institutional investors own 80.57% of the company’s stock.

Haverty Furniture Companies Stock Up 2.7 %

NYSE HVT opened at $29.48 on Tuesday. The firm has a 50-day moving average price of $31.99 and a two-hundred day moving average price of $32.56. Haverty Furniture Companies, Inc. has a 12-month low of $25.05 and a 12-month high of $37.05. The company has a market capitalization of $476.10 million, a P/E ratio of 10.72, a P/E/G ratio of 1.02 and a beta of 1.54.

Haverty Furniture Companies (NYSE:HVT) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.06). Haverty Furniture Companies had a return on equity of 14.94% and a net margin of 5.64%. The firm had revenue of $210.74 million for the quarter, compared to the consensus estimate of $230.06 million. Equities analysts expect that Haverty Furniture Companies, Inc. will post 2.34 EPS for the current year.

Haverty Furniture Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date is Thursday, May 23rd. This is an increase from Haverty Furniture Companies’s previous quarterly dividend of $0.30. Haverty Furniture Companies’s dividend payout ratio is 43.64%.

Analysts Set New Price Targets

Separately, Benchmark reissued a “buy” rating and issued a $45.00 price objective on shares of Haverty Furniture Companies in a report on Thursday, May 2nd.

Haverty Furniture Companies Company Profile

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and accessories in the United States. The company offers furniture merchandise under the Havertys brand name. It also provides custom upholstery products and eclectic looks; and mattress product lines under the Tempur-Pedic, Serta, Sealy, and Stearns and Foster names.