Jacobs Levy Equity Management Inc. Makes New $6.13 Million Investment in Haverty Furniture Companies, Inc. (NYSE:HVT)

Jacobs Levy Equity Management Inc. bought a new position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 223,130 shares of the company's stock, valued at approximately $6,129,000. Jacobs Levy Equity Management Inc. owned about 1.36% of Haverty Furniture Companies as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Haverty Furniture Companies by 1.6% in the first quarter. Vanguard Group Inc. now owns 1,105,487 shares of the company's stock worth $37,719,000 after purchasing an additional 17,354 shares during the period. Harbor Capital Advisors Inc. grew its holdings in shares of Haverty Furniture Companies by 79.9% during the second quarter. Harbor Capital Advisors Inc. now owns 7,772 shares of the company's stock valued at $197,000 after buying an additional 3,451 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Haverty Furniture Companies by 22.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,545 shares of the company's stock valued at $140,000 after purchasing an additional 1,034 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Haverty Furniture Companies by 1.3% during the second quarter. Acadian Asset Management LLC now owns 31,855 shares of the company's stock valued at $804,000 after purchasing an additional 395 shares in the last quarter. Finally, Koss Olinger Consulting LLC bought a new position in shares of Haverty Furniture Companies during the second quarter valued at about $360,000. Institutional investors own 80.57% of the company's stock.

Haverty Furniture Companies Stock Performance

HVT stock traded down $0.65 during mid-day trading on Friday, hitting $22.70. The company had a trading volume of 105,036 shares, compared to its average volume of 183,129. The firm has a market cap of $372.51 million, a PE ratio of 14.69, a price-to-earnings-growth ratio of 2.09 and a beta of 1.47. Haverty Furniture Companies, Inc. has a 12 month low of $21.61 and a 12 month high of $37.05. The stock's fifty day moving average price is $24.25 and its two-hundred day moving average price is $25.91.

Haverty Furniture Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 26th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 5.64%. The ex-dividend date of this dividend is Tuesday, November 26th. Haverty Furniture Companies's dividend payout ratio (DPR) is currently 80.50%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Haverty Furniture Companies from a "buy" rating to a "hold" rating in a research report on Friday, October 25th.

Haverty Furniture Companies 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.