Wulff Hansen & CO. Acquires 5,346 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

Wulff Hansen & CO. increased its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 22.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,422 shares of the company’s stock after purchasing an additional 5,346 shares during the period. Wulff Hansen & CO.’s holdings in Haverty Furniture Companies were worth $655,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Pzena Investment Management LLC boosted its stake in shares of Haverty Furniture Companies by 33.7% during the fourth quarter. Pzena Investment Management LLC now owns 962,102 shares of the company’s stock valued at $21,416,000 after purchasing an additional 242,465 shares in the last quarter. AlphaQuest LLC boosted its stake in shares of Haverty Furniture Companies by 322.1% during the fourth quarter. AlphaQuest LLC now owns 28,366 shares of the company’s stock valued at $631,000 after purchasing an additional 21,646 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Haverty Furniture Companies during the fourth quarter valued at approximately $587,000. US Bancorp DE boosted its stake in shares of Haverty Furniture Companies by 30.9% during the fourth quarter. US Bancorp DE now owns 5,184 shares of the company’s stock valued at $115,000 after purchasing an additional 1,224 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Haverty Furniture Companies by 20.5% during the fourth quarter. Bank of New York Mellon Corp now owns 208,835 shares of the company’s stock valued at $4,649,000 after purchasing an additional 35,511 shares in the last quarter. 80.57% of the stock is currently owned by institutional investors.

Haverty Furniture Companies Stock Performance

NYSE HVT opened at $21.64 on Wednesday. Haverty Furniture Companies, Inc. has a 52-week low of $20.37 and a 52-week high of $34.29. The firm’s 50 day moving average price is $22.10 and its 200-day moving average price is $23.48. The company has a market cap of $350.49 million, a PE ratio of 13.61, a P/E/G 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 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $184.35 million during the quarter, compared to analysts’ expectations of $179.84 million. On average, analysts forecast 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 announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Thursday, March 6th will be given 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 yield of 5.91%. Haverty Furniture Companies’s payout ratio is 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.