Dynamic Technology Lab Private Ltd purchased a new stake in Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,951 shares of the company's stock, valued at approximately $511,000. Dynamic Technology Lab Private Ltd owned about 0.14% of Haverty Furniture Companies at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of HVT. Pzena Investment Management LLC raised its position in Haverty Furniture Companies by 33.7% in the fourth quarter. Pzena Investment Management LLC now owns 962,102 shares of the company's stock worth $21,416,000 after acquiring an additional 242,465 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Haverty Furniture Companies during the fourth quarter valued at $377,000. Jane Street Group LLC increased its position in Haverty Furniture Companies by 1,258.1% in 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 last quarter. Kanen Wealth Management LLC raised its stake in shares of Haverty Furniture Companies by 266.8% in the fourth quarter. Kanen Wealth Management LLC now owns 213,477 shares of the company's stock valued at $4,752,000 after buying an additional 155,273 shares during the period. Finally, AlphaQuest LLC lifted its position in shares of 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 last quarter. 80.57% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of Haverty Furniture Companies from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th.
Get Our Latest Stock Analysis on Haverty Furniture Companies
Haverty Furniture Companies Stock Performance
Haverty Furniture Companies stock traded down $0.08 during mid-day trading on Monday, reaching $18.10. The company's stock had a trading volume of 7,517 shares, compared to its average volume of 193,202. The company has a market capitalization of $293.11 million, a P/E ratio of 11.38, a PEG ratio of 1.15 and a beta of 1.36. The firm's fifty day moving average price is $20.96 and its two-hundred day moving average price is $22.54. Haverty Furniture Companies, Inc. has a 12-month low of $17.22 and a 12-month high of $33.04.
Haverty Furniture Companies (NYSE:HVT - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $184.35 million for the quarter, compared to analyst estimates of $179.84 million. On average, research analysts predict that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current fiscal year.
Haverty Furniture Companies Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Thursday, March 6th were paid a dividend of $0.32 per share. The ex-dividend date was Thursday, March 6th. This represents a $1.28 annualized dividend and a yield of 7.07%. Haverty Furniture Companies's dividend payout ratio is currently 109.40%.
About Haverty Furniture Companies
(
Free Report)
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.
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