Empowered Funds LLC Acquires 5,425 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

Empowered Funds LLC lifted its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 8.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,911 shares of the company’s stock after purchasing an additional 5,425 shares during the period. Empowered Funds LLC owned 0.45% of Haverty Furniture Companies worth $2,454,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. AJOVista LLC purchased a new stake in shares of Haverty Furniture Companies in the fourth quarter worth approximately $71,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Haverty Furniture Companies by 62.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,511 shares of the company’s stock worth $160,000 after purchasing an additional 1,740 shares during the last quarter. Vision Capital Management Inc. purchased a new stake in shares of Haverty Furniture Companies in the fourth quarter worth approximately $213,000. Yousif Capital Management LLC bought a new stake in Haverty Furniture Companies during the fourth quarter worth $235,000. Finally, Louisiana State Employees Retirement System bought a new stake in Haverty Furniture Companies during the fourth quarter worth $238,000. Institutional investors own 80.57% of the company’s stock.

Haverty Furniture Companies Price Performance

Shares of HVT opened at $25.08 on Monday. The firm has a market cap of $407.30 million, a PE ratio of 9.12, a PEG ratio of 1.39 and a beta of 1.44. The stock’s fifty day moving average price is $26.73 and its two-hundred day moving average price is $31.00. Haverty Furniture Companies, Inc. has a 1 year low of $23.09 and a 1 year high of $37.05.

Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.19). Haverty Furniture Companies had a net margin of 5.64% and a return on equity of 14.98%. The company had revenue of $184.00 million during the quarter, compared to analysts’ expectations of $192.70 million. Sell-side analysts anticipate that Haverty Furniture Companies, Inc. will post 1.5 earnings per share for the current fiscal year.

Haverty Furniture Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 24th were issued 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 5.10%. The ex-dividend date of this dividend was Thursday, May 23rd. Haverty Furniture Companies’s dividend payout ratio is presently 46.55%.

Analyst Upgrades and Downgrades

HVT has been the topic of a number of recent analyst reports. Benchmark reiterated a “buy” rating and set a $45.00 price target on shares of Haverty Furniture Companies in a report on Thursday, May 2nd. StockNews.com lowered Haverty Furniture Companies from a “buy” rating to a “hold” rating in a report on Wednesday, June 19th.

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.