Charles Schwab Investment Management Inc. lifted its position in shares of Haverty Furniture Companies, Inc. ( – ) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 308,565 shares of the company’s stock after purchasing an additional 9,064 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.90% of Haverty Furniture Companies worth $10,954,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Haverty Furniture Companies by 0.5% during the third quarter. Vanguard Group Inc. now owns 1,048,004 shares of the company’s stock valued at $30,162,000 after purchasing an additional 5,342 shares in the last quarter. Invesco Ltd. boosted its position in shares of Haverty Furniture Companies by 8.8% during the third quarter. Invesco Ltd. now owns 322,446 shares of the company’s stock valued at $9,280,000 after purchasing an additional 26,157 shares in the last quarter. Cambria Investment Management L.P. boosted its position in shares of Haverty Furniture Companies by 8.5% during the third quarter. Cambria Investment Management L.P. now owns 221,925 shares of the company’s stock valued at $6,387,000 after purchasing an additional 17,325 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Haverty Furniture Companies by 4.9% during the third quarter. American Century Companies Inc. now owns 203,389 shares of the company’s stock valued at $5,854,000 after purchasing an additional 9,455 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Haverty Furniture Companies by 58.6% during the third quarter. Rhumbline Advisers now owns 114,258 shares of the company’s stock valued at $3,288,000 after purchasing an additional 42,198 shares in the last quarter. 80.57% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, Benchmark restated 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 Down 2.0 %
opened at $26.98 on Thursday. Haverty Furniture Companies, Inc. has a 12 month low of $25.07 and a 12 month high of $37.05. The stock has a market cap of $438.16 million, a P/E ratio of 9.83, a P/E/G ratio of 1.46 and a beta of 1.54. The stock’s fifty day moving average price is $30.60 and its 200-day moving average price is $32.67.
Haverty Furniture Companies ( – ) last released its earnings results 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 company had revenue of $184.00 million during the quarter, compared to analysts’ expectations of $192.70 million. As a group, analysts forecast that Haverty Furniture Companies, Inc. will post 1.58 earnings per share for the current fiscal year.
Haverty Furniture Companies Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be paid a $0.32 dividend. This is a boost from Haverty Furniture Companies’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date of this dividend is Thursday, May 23rd. Haverty Furniture Companies’s dividend payout ratio is currently 46.55%.
Haverty Furniture Companies Company 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.
Further Reading
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