Victory Capital Management Inc. Takes Position in Haverty Furniture Companies, Inc. (NYSE:HVT)

Victory Capital Management Inc. bought a new stake in Haverty Furniture Companies, Inc. (NYSE:HVT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 26,364 shares of the company’s stock, valued at approximately $587,000. Victory Capital Management Inc. owned 0.16% of Haverty Furniture Companies at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of HVT. Point72 DIFC Ltd acquired a new position in Haverty Furniture Companies during the third quarter worth $70,000. Wilmington Savings Fund Society FSB acquired a new position in Haverty Furniture Companies during the third quarter worth $88,000. US Bancorp DE grew its holdings in Haverty Furniture Companies by 30.9% during the fourth quarter. US Bancorp DE now owns 5,184 shares of the company’s stock worth $115,000 after acquiring an additional 1,224 shares during the period. Harbor Capital Advisors Inc. grew its holdings in Haverty Furniture Companies by 8.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 6,813 shares of the company’s stock worth $152,000 after acquiring an additional 548 shares during the period. Finally, Quest Partners LLC acquired a new position in Haverty Furniture Companies during the third quarter worth $185,000. Institutional investors and hedge funds own 80.57% of the company’s stock.

Haverty Furniture Companies Trading Down 2.0 %

Shares of NYSE:HVT opened at $20.87 on Friday. The firm has a market cap of $337.89 million, a price-to-earnings ratio of 13.12, a PEG ratio of 1.15 and a beta of 1.44. Haverty Furniture Companies, Inc. has a 12-month low of $20.37 and a 12-month high of $34.29. The stock’s 50-day moving average price is $22.08 and its two-hundred day moving average price is $23.41.

Haverty Furniture Companies (NYSE:HVT) last released its quarterly earnings data on Monday, February 24th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.30. The business had revenue of $184.35 million for the quarter, compared to analyst estimates of $179.84 million. Haverty Furniture Companies had a return on equity of 8.69% and a net margin of 3.57%. As a group, research analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Thursday, March 6th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.28 annualized dividend and a yield of 6.13%. Haverty Furniture Companies’s dividend payout ratio is presently 109.40%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Haverty Furniture Companies from a “hold” rating to a “buy” rating in a report on Wednesday.

Haverty Furniture Companies 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.