StockNews.com initiated coverage on shares of Haverty Furniture Companies (NYSE:HVT – Get Rating) in a research report report published on Thursday morning. The brokerage issued a buy rating on the stock.
Haverty Furniture Companies Stock Performance
NYSE:HVT opened at $31.78 on Thursday. The firm’s 50-day moving average is $34.69 and its 200-day moving average is $30.75. Haverty Furniture Companies has a 52-week low of $22.77 and a 52-week high of $38.85. The company has a market cap of $513.25 million, a price-to-earnings ratio of 6.08 and a beta of 1.41.
Haverty Furniture Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 27th. Stockholders of record on Friday, March 10th will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, March 9th. This represents a $1.12 annualized dividend and a dividend yield of 3.52%. Haverty Furniture Companies’s payout ratio is 21.41%.
Insider Transactions at Haverty Furniture Companies
Institutional Trading of Haverty Furniture Companies
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HVT. BlackRock Inc. increased its stake in Haverty Furniture Companies by 13.5% in the first quarter. BlackRock Inc. now owns 3,101,540 shares of the company’s stock valued at $85,045,000 after acquiring an additional 369,931 shares during the period. First Trust Advisors LP boosted its position in Haverty Furniture Companies by 1,267.8% in the first quarter. First Trust Advisors LP now owns 334,971 shares of the company’s stock valued at $9,185,000 after buying an additional 310,481 shares in the last quarter. Norges Bank acquired a new position in Haverty Furniture Companies in the fourth quarter valued at about $4,141,000. Millennium Management LLC boosted its position in Haverty Furniture Companies by 515.0% in the fourth quarter. Millennium Management LLC now owns 132,958 shares of the company’s stock valued at $3,975,000 after buying an additional 111,340 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Haverty Furniture Companies by 67.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 242,367 shares of the company’s stock valued at $7,247,000 after buying an additional 97,550 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.
Haverty Furniture Companies Company Profile
Haverty Furniture Cos., Inc engages in the retail of residential furniture and accessories. The company was founded by James Joseph Haverty in 1885 and is headquartered in Atlanta, GA.
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