Graham Capital Management L.P. Buys Shares of 25,171 Haverty Furniture Companies, Inc. (NYSE:HVT)

Graham Capital Management L.P. purchased a new position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,171 shares of the company’s stock, valued at approximately $560,000. Graham Capital Management L.P. owned approximately 0.15% of Haverty Furniture Companies as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its stake in shares of Haverty Furniture Companies by 3.6% in the third quarter. Franklin Resources Inc. now owns 127,518 shares of the company’s stock worth $3,259,000 after acquiring an additional 4,449 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Haverty Furniture Companies by 8.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 6,813 shares of the company’s stock valued at $152,000 after purchasing an additional 548 shares during the period. Kanen Wealth Management LLC grew its stake in Haverty Furniture Companies by 266.8% during the 4th quarter. Kanen Wealth Management LLC now owns 213,477 shares of the company’s stock worth $4,752,000 after purchasing an additional 155,273 shares in the last quarter. Inspire Investing LLC grew its stake in Haverty Furniture Companies by 18.8% during the 4th quarter. Inspire Investing LLC now owns 17,958 shares of the company’s stock worth $400,000 after purchasing an additional 2,839 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in Haverty Furniture Companies by 22.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 13,349 shares of the company’s stock worth $297,000 after purchasing an additional 2,426 shares during the period. 80.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HVT. StockNews.com raised Haverty Furniture Companies from a “hold” rating to a “buy” rating in a report on Thursday, May 8th. Sidoti upgraded Haverty Furniture Companies to a “hold” rating in a report on Tuesday, April 29th.

Haverty Furniture Companies Trading Up 0.7%

Shares of HVT opened at $21.14 on Friday. Haverty Furniture Companies, Inc. has a 12-month low of $17.01 and a 12-month high of $30.13. The firm has a market cap of $341.47 million, a PE ratio of 13.30, a price-to-earnings-growth ratio of 1.15 and a beta of 1.41. The company’s 50 day simple moving average is $19.44 and its 200-day simple moving average is $21.45.

Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.09. The company had revenue of $181.60 million for the quarter, compared to analyst estimates of $178.36 million. Haverty Furniture Companies had a return on equity of 8.69% and a net margin of 3.57%. As a group, equities research analysts forecast that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current fiscal year.

Haverty Furniture Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Thursday, March 6th were issued a $0.32 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.28 dividend on an annualized basis and a yield of 6.05%. Haverty Furniture Companies’s dividend payout ratio (DPR) is presently 101.59%.

About Haverty Furniture Companies

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.