US Bancorp DE Invests $109,000 in Haverty Furniture Companies, Inc. (NYSE:HVT)

US Bancorp DE bought a new stake in Haverty Furniture Companies, Inc. (NYSE:HVT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,960 shares of the company’s stock, valued at approximately $109,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its stake in Haverty Furniture Companies by 149.2% during the third 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. Koss Olinger Consulting LLC lifted its holdings in shares of Haverty Furniture Companies by 7.0% during the third quarter. Koss Olinger Consulting LLC now owns 15,244 shares of the company’s stock worth $419,000 after purchasing an additional 991 shares during the period. Inspire Investing LLC purchased a new stake in shares of Haverty Furniture Companies in the third quarter valued at about $415,000. Millennium Management LLC purchased a new stake in Haverty Furniture Companies in the 2nd quarter valued at approximately $3,161,000. Finally, Deprince Race & Zollo Inc. grew its holdings in Haverty Furniture Companies by 28.3% during the second quarter. Deprince Race & Zollo Inc. now owns 145,895 shares of the company’s stock worth $3,690,000 after acquiring an additional 32,175 shares during the period. Hedge funds and other institutional investors own 80.57% of the company’s stock.

Haverty Furniture Companies Stock Up 0.2 %

Shares of HVT stock opened at $22.54 on Friday. Haverty Furniture Companies, Inc. has a fifty-two week low of $21.61 and a fifty-two week high of $37.05. The firm’s 50 day moving average price is $25.09 and its two-hundred day moving average price is $26.45. The stock has a market cap of $369.84 million, a price-to-earnings ratio of 14.18, a price-to-earnings-growth ratio of 2.01 and a beta of 1.48.

Haverty Furniture Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.28 annualized dividend and a dividend yield of 5.68%. Haverty Furniture Companies’s dividend payout ratio (DPR) is currently 80.50%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research 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.