Haverty Furniture Companies, Inc. (NYSE:HVT) Short Interest Update

Haverty Furniture Companies, Inc. (NYSE:HVT - Get Free Report) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 814,700 shares, a decline of 29.8% from the February 28th total of 1,160,000 shares. Currently, 6.2% of the company's shares are sold short. Based on an average daily volume of 149,100 shares, the days-to-cover ratio is currently 5.5 days.

Haverty Furniture Companies Stock Performance

Shares of NYSE:HVT traded down $2.43 during midday trading on Thursday, hitting $18.13. 34,516 shares of the company's stock traded hands, compared to its average volume of 148,892. The firm's fifty day moving average price is $21.78 and its two-hundred day moving average price is $23.09. Haverty Furniture Companies has a twelve month low of $18.11 and a twelve month high of $33.04. The company has a market cap of $293.60 million, a PE ratio of 11.40, a P/E/G ratio of 1.15 and a beta of 1.44.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.47 EPS for the quarter, topping 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 analysts' expectations of $179.84 million. As a group, equities research analysts anticipate that Haverty Furniture Companies will post 0.88 EPS for the current fiscal year.

Remove Ads

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 given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 7.06%. The ex-dividend date of this dividend was Thursday, March 6th. Haverty Furniture Companies's dividend payout ratio (DPR) is presently 109.40%.

Institutional Trading of Haverty Furniture Companies

Several large investors have recently bought and sold shares of HVT. Pzena Investment Management LLC boosted its stake in shares of Haverty Furniture Companies by 33.7% in the fourth quarter. Pzena Investment Management LLC now owns 962,102 shares of the company's stock valued at $21,416,000 after purchasing an additional 242,465 shares during the period. Hotchkis & Wiley Capital Management LLC increased its stake in Haverty Furniture Companies by 27.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 425,940 shares of the company's stock worth $11,701,000 after buying an additional 92,600 shares during the period. American Century Companies Inc. lifted its holdings in Haverty Furniture Companies by 9.8% in the 4th quarter. American Century Companies Inc. now owns 404,318 shares of the company's stock worth $9,000,000 after buying an additional 36,086 shares in the last quarter. Jane Street Group LLC boosted its position in Haverty Furniture Companies by 1,258.1% in the 3rd quarter. Jane Street Group LLC now owns 363,894 shares of the company's stock valued at $9,996,000 after buying an additional 337,099 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Haverty Furniture Companies by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 326,221 shares of the company's stock valued at $7,263,000 after buying an additional 5,107 shares during the last quarter. Institutional investors and hedge funds own 80.57% of the company's stock.

Analyst Upgrades and Downgrades

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

About Haverty Furniture Companies

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.