Bank of New York Mellon Corp Buys 35,511 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

Bank of New York Mellon Corp grew its stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 20.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 208,835 shares of the company’s stock after buying an additional 35,511 shares during the quarter. Bank of New York Mellon Corp owned 1.27% of Haverty Furniture Companies worth $4,649,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. 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. Exchange Traded Concepts LLC grew its stake in shares of Haverty Furniture Companies by 22.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 13,349 shares of the company’s stock valued at $297,000 after buying an additional 2,426 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of Haverty Furniture Companies during the third quarter valued at about $70,000. Inspire Investing LLC grew its stake in shares of Haverty Furniture Companies by 18.8% during the fourth quarter. Inspire Investing LLC now owns 17,958 shares of the company’s stock valued at $400,000 after buying an additional 2,839 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Haverty Furniture Companies during the third quarter valued at about $88,000. 80.57% of the stock is owned by institutional investors.

Haverty Furniture Companies Trading Up 2.1 %

Shares of NYSE:HVT opened at $21.58 on Tuesday. The stock’s 50-day moving average price is $22.10 and its 200-day moving average price is $23.52. Haverty Furniture Companies, Inc. has a 12-month low of $20.37 and a 12-month high of $34.29. The stock has a market capitalization of $349.40 million, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 1.15 and a beta of 1.44.

Haverty Furniture Companies (NYSE:HVT) last posted 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. The company had revenue of $184.35 million for the quarter, compared to analysts’ expectations 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 predict that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current year.

Haverty Furniture Companies Dividend Announcement

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 paid a $0.32 dividend. The ex-dividend date is Thursday, March 6th. This represents a $1.28 annualized dividend and a dividend yield of 5.93%. Haverty Furniture Companies’s payout ratio is presently 109.40%.

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.