16,916 Shares in Haverty Furniture Companies, Inc. (NYSE:HVT) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 16,916 shares of the company’s stock, valued at approximately $377,000. Y Intercept Hong Kong Ltd owned approximately 0.10% of Haverty Furniture Companies as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Point72 DIFC Ltd bought a new position in shares of Haverty Furniture Companies during the 3rd quarter valued at $70,000. Wilmington Savings Fund Society FSB purchased a new stake in Haverty Furniture Companies during the third quarter valued at about $88,000. US Bancorp DE purchased a new stake in Haverty Furniture Companies during the third quarter valued at about $109,000. Harbor Capital Advisors Inc. grew its stake in shares of Haverty Furniture Companies by 8.7% during the fourth 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 during the last quarter. Finally, Quest Partners LLC purchased a new position in shares of Haverty Furniture Companies in the third quarter worth about $185,000. Institutional investors own 80.57% of the company’s stock.

Haverty Furniture Companies Price Performance

Shares of Haverty Furniture Companies stock opened at $22.32 on Tuesday. Haverty Furniture Companies, Inc. has a one year low of $21.04 and a one year high of $34.79. The business’s 50 day simple moving average is $22.17 and its two-hundred day simple moving average is $24.00. The stock has a market capitalization of $366.23 million, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 1.15 and a beta of 1.48.

Haverty Furniture Companies (NYSE:HVT) last issued its earnings results on Monday, February 24th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.30. Haverty Furniture Companies had a net margin of 3.57% and a return on equity of 8.69%. The firm had revenue of $184.35 million for the quarter, compared to analysts’ expectations of $179.84 million. Sell-side analysts expect that Haverty Furniture Companies, Inc. will post 0.88 earnings per share for the current fiscal year.

Haverty Furniture Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Thursday, March 6th will be issued a dividend of $0.32 per share. The ex-dividend date is Thursday, March 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.73%. Haverty Furniture Companies’s dividend payout ratio is presently 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.