Teacher Retirement System of Texas decreased its position in Haverty Furniture Companies, Inc. ( – ) by 45.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,530 shares of the company’s stock after selling 11,115 shares during the quarter. Teacher Retirement System of Texas owned about 0.08% of Haverty Furniture Companies worth $480,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HVT. AJOVista LLC acquired a new stake in shares of Haverty Furniture Companies during the fourth quarter worth $71,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Haverty Furniture Companies by 62.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,511 shares of the company’s stock valued at $160,000 after buying an additional 1,740 shares during the period. Vision Capital Management Inc. purchased a new stake in Haverty Furniture Companies in the 4th quarter valued at about $213,000. Yousif Capital Management LLC acquired a new position in shares of Haverty Furniture Companies during the 4th quarter valued at about $235,000. Finally, Louisiana State Employees Retirement System purchased a new position in shares of Haverty Furniture Companies during the 4th quarter worth about $238,000. 80.57% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Benchmark reaffirmed a “buy” rating and set a $45.00 price target on shares of Haverty Furniture Companies in a research report on Thursday, May 2nd.
Haverty Furniture Companies Trading Up 0.7 %
Shares of opened at $27.63 on Monday. Haverty Furniture Companies, Inc. has a twelve month low of $25.07 and a twelve month high of $37.05. The firm has a market capitalization of $448.71 million, a P/E ratio of 10.05, a price-to-earnings-growth ratio of 1.46 and a beta of 1.54. The stock’s fifty day simple moving average is $30.75 and its 200 day simple moving average is $32.66.
Haverty Furniture Companies ( – ) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.19). Haverty Furniture Companies had a return on equity of 14.98% and a net margin of 5.64%. The firm had revenue of $184.00 million during the quarter, compared to analysts’ expectations of $192.70 million. Sell-side analysts predict that Haverty Furniture Companies, Inc. will post 1.58 earnings per share for the current year.
Haverty Furniture Companies Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.63%. This is a boost from Haverty Furniture Companies’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, May 23rd. Haverty Furniture Companies’s dividend payout ratio is 46.55%.
Haverty Furniture Companies Profile
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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.
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