Kanen Wealth Management LLC Increases Position in Haverty Furniture Companies, Inc. (NYSE:HVT)

Kanen Wealth Management LLC boosted its stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 266.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 213,477 shares of the company's stock after acquiring an additional 155,273 shares during the quarter. Haverty Furniture Companies accounts for about 1.8% of Kanen Wealth Management LLC's investment portfolio, making the stock its 12th largest holding. Kanen Wealth Management LLC owned approximately 1.30% of Haverty Furniture Companies worth $4,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Pzena Investment Management LLC bought a new position in shares of Haverty Furniture Companies during the third quarter valued at about $19,768,000. Hotchkis & Wiley Capital Management LLC raised its position 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 valued at $11,701,000 after purchasing an additional 92,600 shares during the last quarter. Jane Street Group LLC lifted its holdings 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 worth $9,996,000 after buying an additional 337,099 shares during the period. American Century Companies Inc. increased its stake in shares of Haverty Furniture Companies by 19.0% during the second quarter. American Century Companies Inc. now owns 320,672 shares of the company's stock valued at $8,110,000 after buying an additional 51,302 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Haverty Furniture Companies during the third quarter valued at approximately $6,129,000. 80.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Haverty Furniture Companies from a "buy" rating to a "hold" rating in a report on Friday, October 25th.

Haverty Furniture Companies Price Performance

HVT traded down $0.12 on Monday, hitting $22.32. The company had a trading volume of 69,295 shares, compared to its average volume of 112,901. Haverty Furniture Companies, Inc. has a 52-week low of $21.05 and a 52-week high of $37.05. The stock has a fifty day simple moving average of $22.65 and a 200-day simple moving average of $24.97. The firm has a market capitalization of $366.32 million, a P/E ratio of 14.04, a P/E/G ratio of 0.96 and a beta of 1.48.

Haverty Furniture Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, November 26th were paid a $0.32 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $1.28 annualized dividend and a yield of 5.73%. Haverty Furniture Companies's payout ratio is 80.50%.

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.