1,991 Shares in Haverty Furniture Companies, Inc. (NYSE:HVT) Purchased by AJOVista LLC

AJOVista LLC purchased a new position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,991 shares of the company’s stock, valued at approximately $71,000.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Haverty Furniture Companies by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,048,004 shares of the company’s stock worth $30,162,000 after purchasing an additional 5,342 shares during the period. Invesco Ltd. increased its holdings in Haverty Furniture Companies by 8.8% during the 3rd quarter. Invesco Ltd. now owns 322,446 shares of the company’s stock worth $9,280,000 after purchasing an additional 26,157 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Haverty Furniture Companies by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 299,501 shares of the company’s stock worth $8,620,000 after purchasing an additional 7,620 shares during the period. Cambria Investment Management L.P. increased its holdings in Haverty Furniture Companies by 8.5% during the 3rd quarter. Cambria Investment Management L.P. now owns 221,925 shares of the company’s stock worth $6,387,000 after purchasing an additional 17,325 shares during the period. Finally, American Century Companies Inc. increased its holdings in Haverty Furniture Companies by 4.9% during the 3rd quarter. American Century Companies Inc. now owns 203,389 shares of the company’s stock worth $5,854,000 after purchasing an additional 9,455 shares during the period. Hedge funds and other institutional investors own 80.57% of the company’s stock.

Haverty Furniture Companies Price Performance

Shares of HVT traded up $0.19 during mid-day trading on Friday, reaching $28.71. The company’s stock had a trading volume of 146,467 shares, compared to its average volume of 89,685. Haverty Furniture Companies, Inc. has a 12-month low of $25.05 and a 12-month high of $37.05. The stock has a market cap of $463.67 million, a PE ratio of 10.44, a price-to-earnings-growth ratio of 1.02 and a beta of 1.54. The company’s 50 day moving average is $32.08 and its 200 day moving average is $32.52.

Haverty Furniture Companies (NYSE:HVT) last announced its earnings results on Wednesday, February 21st. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.06). The firm had revenue of $210.74 million during the quarter, compared to analyst estimates of $230.06 million. Haverty Furniture Companies had a net margin of 5.64% and a return on equity of 14.94%. As a group, sell-side analysts anticipate that Haverty Furniture Companies, Inc. will post 2.34 EPS for the current fiscal year.

Haverty Furniture Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be given a $0.32 dividend. The ex-dividend date is Thursday, May 23rd. This is a boost from Haverty Furniture Companies’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.46%. Haverty Furniture Companies’s dividend payout ratio is 43.64%.

Wall Street Analysts Forecast Growth

HVT has been the topic of a number of recent analyst reports. StockNews.com downgraded Haverty Furniture Companies from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 6th. Benchmark reiterated a “buy” rating and issued a $45.00 price objective on shares of Haverty Furniture Companies in a report on Thursday.

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.