Franklin Resources Inc. Acquires 4,449 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

Franklin Resources Inc. raised its holdings in Haverty Furniture Companies, Inc. (NYSE:HVT) by 3.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 127,518 shares of the company’s stock after buying an additional 4,449 shares during the period. Franklin Resources Inc. owned about 0.78% of Haverty Furniture Companies worth $3,259,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HVT. Pzena Investment Management LLC acquired a new position in shares of Haverty Furniture Companies during the 3rd quarter worth approximately $19,768,000. Wulff Hansen & CO. increased its holdings in shares of Haverty Furniture Companies by 2,503.4% in the second quarter. Wulff Hansen & CO. now owns 573,122 shares of the company’s stock valued at $14,494,000 after purchasing an additional 551,108 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of Haverty Furniture Companies by 27.8% in the third 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 period. Jane Street Group LLC lifted its stake in shares of Haverty Furniture Companies by 1,258.1% during 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 last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Haverty Furniture Companies by 19.0% during the 2nd quarter. American Century Companies Inc. now owns 320,672 shares of the company’s stock worth $8,110,000 after buying an additional 51,302 shares during the period. 80.57% of the stock is owned by institutional investors and hedge funds.

Haverty Furniture Companies Price Performance

HVT stock opened at $22.00 on Thursday. The business’s fifty day moving average price is $23.32 and its two-hundred day moving average price is $25.42. The stock has a market capitalization of $360.98 million, a price-to-earnings ratio of 13.84, a PEG ratio of 2.10 and a beta of 1.47. Haverty Furniture Companies, Inc. has a fifty-two week low of $21.14 and a fifty-two week high of $37.05.

Haverty Furniture Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, November 26th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date of this dividend was Tuesday, November 26th. Haverty Furniture Companies’s dividend payout ratio is currently 80.50%.

Wall Street Analyst Weigh In

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

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.