Victory Capital Management Inc. Purchases New Position in Haverty Furniture Companies, Inc. (NYSE:HVT)

Victory Capital Management Inc. acquired a new stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 26,364 shares of the company's stock, valued at approximately $587,000. Victory Capital Management Inc. owned about 0.16% of Haverty Furniture Companies as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. raised its position in shares of Haverty Furniture Companies by 8.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 6,813 shares of the company's stock valued at $152,000 after buying an additional 548 shares in the last quarter. US Bancorp DE raised its position in Haverty Furniture Companies by 30.9% during the fourth quarter. US Bancorp DE now owns 5,184 shares of the company's stock valued at $115,000 after purchasing an additional 1,224 shares during the period. Exchange Traded Concepts LLC raised its position in Haverty Furniture Companies by 22.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 13,349 shares of the company's stock valued at $297,000 after purchasing an additional 2,426 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Haverty Furniture Companies in the 3rd quarter valued at approximately $70,000. Finally, Inspire Investing LLC boosted its holdings in shares of Haverty Furniture Companies by 18.8% in the 4th quarter. Inspire Investing LLC now owns 17,958 shares of the company's stock worth $400,000 after purchasing an additional 2,839 shares during the period. 80.57% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

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

Haverty Furniture Companies Stock Down 2.9 %

NYSE:HVT traded down $0.62 during mid-day trading on Tuesday, hitting $20.73. 155,863 shares of the stock traded hands, compared to its average volume of 184,046. Haverty Furniture Companies, Inc. has a 52 week low of $20.37 and a 52 week high of $34.29. The stock has a market capitalization of $335.70 million, a price-to-earnings ratio of 13.04, a PEG ratio of 1.15 and a beta of 1.44. The firm's 50 day moving average is $22.07 and its two-hundred day moving average is $23.34.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last issued its quarterly 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 firm had revenue of $184.35 million for the quarter, compared to the consensus estimate of $179.84 million. As a group, research analysts predict that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current year.

Haverty Furniture Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Thursday, March 6th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date was Thursday, March 6th. Haverty Furniture Companies's dividend payout ratio is currently 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.