Haverty Furniture Companies, Inc. (NYSE:HVT) Sees Large Decline in Short Interest

Haverty Furniture Companies, Inc. (NYSE:HVT) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 814,700 shares, a decrease of 29.8% from the February 28th total of 1,160,000 shares. Approximately 6.2% of the company’s stock are short sold. Based on an average daily trading volume, of 149,100 shares, the short-interest ratio is presently 5.5 days.

Haverty Furniture Companies Trading Up 0.7 %

Shares of HVT stock traded up $0.14 on Tuesday, reaching $19.86. 182,598 shares of the stock were exchanged, compared to its average volume of 191,129. The company has a market capitalization of $321.55 million, a price-to-earnings ratio of 12.49, a PEG ratio of 1.15 and a beta of 1.44. The business’s 50 day moving average price is $21.82 and its 200 day moving average price is $23.11. Haverty Furniture Companies has a twelve month low of $19.34 and a twelve month high of $33.04.

Haverty Furniture Companies (NYSE:HVT) last released its quarterly earnings data on Monday, February 24th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.30. Haverty Furniture Companies had a return on equity of 8.69% and a net margin of 3.57%. The business had revenue of $184.35 million during the quarter, compared to analysts’ expectations of $179.84 million. Equities research analysts forecast that Haverty Furniture Companies will post 0.88 earnings per share for the current year.

Haverty Furniture Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Thursday, March 6th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.28 dividend on an annualized basis and a yield of 6.45%. Haverty Furniture Companies’s payout ratio is currently 109.40%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating in a report on Wednesday, March 19th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of HVT. KLP Kapitalforvaltning AS acquired a new stake in Haverty Furniture Companies during the 4th quarter worth $56,000. Point72 DIFC Ltd purchased a new stake in shares of Haverty Furniture Companies in the 3rd quarter valued at about $70,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Haverty Furniture Companies in the 3rd quarter valued at about $88,000. US Bancorp DE grew its stake in Haverty Furniture Companies by 30.9% during the 4th quarter. US Bancorp DE now owns 5,184 shares of the company’s stock worth $115,000 after buying an additional 1,224 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in Haverty Furniture Companies by 8.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 6,813 shares of the company’s stock worth $152,000 after buying an additional 548 shares during the period. Institutional investors and hedge funds own 80.57% of the company’s stock.

About Haverty Furniture Companies

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.