Haverty Furniture Companies, Inc. (NYSE:HVT) Holdings Lifted by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its holdings in Haverty Furniture Companies, Inc. (NYSE:HVT) by 22.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,349 shares of the company’s stock after acquiring an additional 2,426 shares during the period. Exchange Traded Concepts LLC owned about 0.08% of Haverty Furniture Companies worth $297,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC boosted its stake in shares of Haverty Furniture Companies by 33.5% during the 2nd quarter. AQR Capital Management LLC now owns 76,299 shares of the company’s stock valued at $1,930,000 after buying an additional 19,143 shares during the period. Millennium Management LLC purchased a new stake in shares of Haverty Furniture Companies during the second quarter worth $3,161,000. Inspire Investing LLC acquired a new stake in Haverty Furniture Companies during the third quarter valued at $415,000. Koss Olinger Consulting LLC grew its stake in Haverty Furniture Companies by 7.0% in the third quarter. Koss Olinger Consulting LLC now owns 15,244 shares of the company’s stock valued at $419,000 after purchasing an additional 991 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Haverty Furniture Companies by 149.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 14,381 shares of the company’s stock worth $395,000 after purchasing an additional 8,611 shares during the last quarter. 80.57% of the stock is currently owned by institutional investors and hedge funds.

Haverty Furniture Companies Stock Down 4.7 %

Shares of HVT opened at $22.44 on Friday. The firm has a market cap of $368.26 million, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 1.21 and a beta of 1.48. The company’s fifty day moving average is $22.65 and its 200-day moving average is $24.86. Haverty Furniture Companies, Inc. has a 12 month low of $21.05 and a 12 month high of $37.05.

Haverty Furniture Companies (NYSE:HVT) last posted its earnings results on Wednesday, October 30th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.19). The business had revenue of $175.91 million for the quarter, compared to analyst estimates of $192.85 million. Haverty Furniture Companies had a return on equity of 8.69% and a net margin of 3.57%. During the same period in the previous year, the company earned $1.02 earnings per share. As a group, research analysts predict that Haverty Furniture Companies, Inc. will post 0.88 earnings per share for the current fiscal year.

Haverty Furniture Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Tuesday, November 26th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date of this dividend was Tuesday, November 26th. Haverty Furniture Companies’s dividend payout ratio is 80.50%.

Wall Street Analysts Forecast Growth

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

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.