American Century Companies Inc. Purchases 36,086 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

American Century Companies Inc. increased its stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 404,318 shares of the company's stock after acquiring an additional 36,086 shares during the quarter. American Century Companies Inc. owned approximately 2.46% of Haverty Furniture Companies worth $9,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Wulff Hansen & CO. boosted its stake in shares of Haverty Furniture Companies by 22.2% during the fourth quarter. Wulff Hansen & CO. now owns 29,422 shares of the company's stock valued at $655,000 after purchasing an additional 5,346 shares during the period. Pzena Investment Management LLC boosted its position in Haverty Furniture Companies by 33.7% during the 4th quarter. Pzena Investment Management LLC now owns 962,102 shares of the company's stock valued at $21,416,000 after buying an additional 242,465 shares during the period. AlphaQuest LLC boosted its position in Haverty Furniture Companies by 322.1% during the 4th quarter. AlphaQuest LLC now owns 28,366 shares of the company's stock valued at $631,000 after buying an additional 21,646 shares during the period. Victory Capital Management Inc. bought a new stake in Haverty Furniture Companies in the 4th quarter worth $587,000. Finally, US Bancorp DE increased its position in shares of Haverty Furniture Companies by 30.9% in the fourth quarter. US Bancorp DE now owns 5,184 shares of the company's stock valued at $115,000 after acquiring an additional 1,224 shares during the period. 80.57% of the stock is owned by hedge funds and other institutional investors.

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Haverty Furniture Companies Stock Down 2.4 %

Shares of HVT traded down $0.46 during mid-day trading on Monday, hitting $18.28. 160,438 shares of the company's stock traded hands, compared to its average volume of 192,643. The firm has a market capitalization of $296.09 million, a P/E ratio of 11.50, a PEG ratio of 1.15 and a beta of 1.36. The business's 50-day moving average price is $21.50 and its 200-day moving average price is $22.88. Haverty Furniture Companies, Inc. has a 1 year low of $17.22 and a 1 year high of $33.04.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $179.84 million. Sell-side analysts anticipate that Haverty Furniture Companies, Inc. will post 0.88 earnings per share for the current fiscal year.

Haverty Furniture Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Thursday, March 6th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 7.00%. The ex-dividend date of this dividend was Thursday, March 6th. Haverty Furniture Companies's payout ratio is currently 109.40%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Haverty Furniture Companies from a "hold" rating to a "buy" rating in a report on Wednesday, March 19th.

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.