Short Interest in Haverty Furniture Companies, Inc. (NYSE:HVT) Decreases By 29.8%

Haverty Furniture Companies, Inc. (NYSE:HVT) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 814,700 shares, a decline of 29.8% from the February 28th total of 1,160,000 shares. Based on an average trading volume of 149,100 shares, the short-interest ratio is presently 5.5 days. Approximately 6.2% of the shares of the company are sold short.

Hedge Funds Weigh In On Haverty Furniture Companies

Several hedge funds and other institutional investors have recently bought and sold shares of HVT. KLP Kapitalforvaltning AS acquired a new position in shares of Haverty Furniture Companies in the 4th quarter valued at approximately $56,000. Point72 DIFC Ltd acquired a new stake in shares of Haverty Furniture Companies during the 3rd quarter worth approximately $70,000. Wilmington Savings Fund Society FSB acquired a new stake in Haverty Furniture Companies in the third quarter worth $88,000. US Bancorp DE boosted its stake in Haverty Furniture Companies by 30.9% during the 4th quarter. US Bancorp DE now owns 5,184 shares of the company’s stock valued at $115,000 after purchasing an additional 1,224 shares during the period. Finally, Harbor Capital Advisors Inc. grew its holdings in Haverty Furniture Companies by 8.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 6,813 shares of the company’s stock worth $152,000 after buying an additional 548 shares in the last quarter. 80.57% of the stock is owned by institutional investors and hedge funds.

Haverty Furniture Companies Stock Down 2.5 %

Shares of HVT traded down $0.53 on Friday, reaching $20.22. The stock had a trading volume of 150,530 shares, compared to its average volume of 191,055. Haverty Furniture Companies has a twelve month low of $19.83 and a twelve month high of $33.97. The firm has a market capitalization of $327.46 million, a PE ratio of 12.72, a PEG ratio of 1.15 and a beta of 1.44. The firm has a 50-day moving average of $21.93 and a 200 day moving average of $23.20.

Haverty Furniture Companies (NYSE:HVT) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.30. Haverty Furniture Companies had a net margin of 3.57% and a return on equity of 8.69%. The business had revenue of $184.35 million during the quarter, compared to analyst estimates of $179.84 million. On average, sell-side analysts anticipate that Haverty Furniture Companies will post 0.88 earnings per share for the current fiscal year.

Haverty Furniture Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Thursday, March 6th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 6.33%. The ex-dividend date was Thursday, March 6th. Haverty Furniture Companies’s payout ratio is currently 109.40%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th.

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.