Haverty Furniture Companies, Inc. (NYSE:HVT) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 20.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 208,835 shares of the company's stock after buying an additional 35,511 shares during the quarter. Bank of New York Mellon Corp owned about 1.27% of Haverty Furniture Companies worth $4,649,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Pzena Investment Management LLC purchased a new position in shares of Haverty Furniture Companies in the 3rd quarter valued at about $19,768,000. Jane Street Group LLC grew its position in Haverty Furniture Companies by 1,258.1% during the third quarter. Jane Street Group LLC now owns 363,894 shares of the company's stock worth $9,996,000 after buying an additional 337,099 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in Haverty Furniture Companies in the third quarter valued at about $6,129,000. Kanen Wealth Management LLC lifted its position in shares of Haverty Furniture Companies by 266.8% during the 4th quarter. Kanen Wealth Management LLC now owns 213,477 shares of the company's stock valued at $4,752,000 after acquiring an additional 155,273 shares during the period. Finally, Verition Fund Management LLC purchased a new stake in shares of Haverty Furniture Companies during the 3rd quarter worth approximately $3,886,000. Hedge funds and other institutional investors own 80.57% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Haverty Furniture Companies from a "hold" rating to a "buy" rating in a research note on Wednesday.

Remove Ads

Haverty Furniture Companies Price Performance

HVT traded down $0.42 during trading on Friday, hitting $20.87. The company's stock had a trading volume of 115,771 shares, compared to its average volume of 183,469. Haverty Furniture Companies, Inc. has a twelve month low of $20.37 and a twelve month high of $34.29. The stock has a market cap of $337.89 million, a PE ratio of 13.12, a PEG ratio of 1.15 and a beta of 1.44. The firm's 50 day moving average price is $22.09 and its 200-day moving average price is $23.45.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last issued its earnings results on Monday, February 24th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.30. Haverty Furniture Companies had a return on equity of 8.69% and a net margin of 3.57%. The business had revenue of $184.35 million for the quarter, compared to analyst estimates of $179.84 million. Equities analysts anticipate that Haverty Furniture Companies, Inc. will post 0.88 earnings per share for the current year.

Haverty Furniture Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Thursday, March 6th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 6.13%. The ex-dividend date of this dividend is Thursday, March 6th. Haverty Furniture Companies's dividend payout ratio (DPR) is 109.40%.

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.