Comerica Bank lifted its holdings in Haverty Furniture Companies, Inc. (NYSE:HVT – Get Rating) by 4.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,185 shares of the company’s stock after buying an additional 505 shares during the period. Comerica Bank’s holdings in Haverty Furniture Companies were worth $359,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the business. Royce & Associates LP boosted its position in shares of Haverty Furniture Companies by 46.7% in the fourth quarter. Royce & Associates LP now owns 429,979 shares of the company’s stock worth $13,144,000 after buying an additional 136,783 shares during the period. Victory Capital Management Inc. boosted its position in shares of Haverty Furniture Companies by 13.7% in the fourth quarter. Victory Capital Management Inc. now owns 149,853 shares of the company’s stock worth $4,581,000 after buying an additional 18,105 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Haverty Furniture Companies in the fourth quarter worth $3,352,000. Rhumbline Advisers boosted its position in shares of Haverty Furniture Companies by 0.6% in the fourth quarter. Rhumbline Advisers now owns 100,038 shares of the company’s stock worth $3,058,000 after buying an additional 573 shares during the period. Finally, Cambria Investment Management L.P. boosted its position in shares of Haverty Furniture Companies by 4.9% in the fourth quarter. Cambria Investment Management L.P. now owns 89,100 shares of the company’s stock worth $2,724,000 after buying an additional 4,154 shares during the period. Institutional investors and hedge funds own 89.26% of the company’s stock.
Haverty Furniture Companies Stock Up 2.0 %
Shares of Haverty Furniture Companies stock opened at $27.33 on Friday. The stock has a market cap of $463.65 million, a PE ratio of 5.49 and a beta of 1.38. The business has a fifty day simple moving average of $25.87 and a 200-day simple moving average of $27.32. Haverty Furniture Companies, Inc. has a 12 month low of $22.77 and a 12 month high of $38.92.
Haverty Furniture Companies (NYSE:HVT – Get Rating) last announced its quarterly earnings data on Monday, May 2nd. The company reported $1.11 earnings per share (EPS) for the quarter. Haverty Furniture Companies had a return on equity of 33.08% and a net margin of 8.94%. The business had revenue of $238.95 million during the quarter. During the same quarter in the prior year, the business posted $1.04 earnings per share.
Haverty Furniture Companies Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Thursday, June 2nd were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 4.10%. This is a positive change from Haverty Furniture Companies’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, June 1st. Haverty Furniture Companies’s dividend payout ratio (DPR) is currently 22.49%.
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 Sealy, Stearns and Foster, Tempur-Pedic, and Serta names, as well as private label Skye name.
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