Haverty Furniture Companies, Inc. (NYSE:HVT) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. increased its stake in Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 15.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,064 shares of the company's stock after acquiring an additional 19,546 shares during the period. Franklin Resources Inc. owned approximately 0.90% of Haverty Furniture Companies worth $3,274,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new stake in Haverty Furniture Companies during the 4th quarter worth about $56,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Haverty Furniture Companies during the third quarter worth about $88,000. US Bancorp DE increased its stake in shares of Haverty Furniture Companies by 30.9% during the fourth quarter. US Bancorp DE now owns 5,184 shares of the company's stock worth $115,000 after buying an additional 1,224 shares during the period. Harbor Capital Advisors Inc. raised its holdings in Haverty Furniture Companies by 8.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 6,813 shares of the company's stock valued at $152,000 after acquiring an additional 548 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in Haverty Furniture Companies in the third quarter valued at approximately $320,000. 80.57% of the stock is currently owned by hedge funds and other institutional investors.

Haverty Furniture Companies Stock Performance

NYSE HVT traded down $0.50 during trading on Tuesday, reaching $17.36. 130,722 shares of the company's stock were exchanged, compared to its average volume of 193,341. The company has a 50 day moving average price of $20.88 and a two-hundred day moving average price of $22.47. The stock has a market cap of $281.11 million, a P/E ratio of 10.92, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. Haverty Furniture Companies, Inc. has a 1 year low of $17.22 and a 1 year high of $33.04.

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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. The business had revenue of $184.35 million for the quarter, compared to analyst estimates of $179.84 million. Haverty Furniture Companies had a return on equity of 8.69% and a net margin of 3.57%. Research analysts forecast that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current fiscal year.

Haverty Furniture Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Thursday, March 6th were given a dividend of $0.32 per share. The ex-dividend date was Thursday, March 6th. This represents a $1.28 annualized dividend and a dividend yield of 7.37%. Haverty Furniture Companies's dividend payout ratio is presently 109.40%.

Analyst Ratings Changes

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

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.