AlphaQuest LLC Acquires 21,646 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

AlphaQuest LLC grew its holdings in Haverty Furniture Companies, Inc. (NYSE:HVT) by 322.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,366 shares of the company’s stock after purchasing an additional 21,646 shares during the period. AlphaQuest LLC’s holdings in Haverty Furniture Companies were worth $631,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Pzena Investment Management LLC bought a new stake in shares of Haverty Furniture Companies in the third quarter valued at approximately $19,768,000. Hotchkis & Wiley Capital Management LLC raised its position in shares of Haverty Furniture Companies by 27.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 425,940 shares of the company’s stock valued at $11,701,000 after purchasing an additional 92,600 shares during the period. Jane Street Group LLC raised its position in shares of Haverty Furniture Companies by 1,258.1% in the third quarter. Jane Street Group LLC now owns 363,894 shares of the company’s stock valued at $9,996,000 after purchasing an additional 337,099 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of Haverty Furniture Companies in the third quarter valued at approximately $6,129,000. Finally, Kanen Wealth Management LLC raised its position in shares of Haverty Furniture Companies by 266.8% in the fourth quarter. Kanen Wealth Management LLC now owns 213,477 shares of the company’s stock valued at $4,752,000 after purchasing an additional 155,273 shares during the period. Institutional investors own 80.57% of the company’s stock.

Haverty Furniture Companies Trading Down 0.3 %

Haverty Furniture Companies stock opened at $22.14 on Wednesday. The firm’s 50 day simple moving average is $22.16 and its 200 day simple moving average is $23.73. The firm has a market capitalization of $363.32 million, a PE ratio of 13.93, a price-to-earnings-growth ratio of 1.15 and a beta of 1.44. Haverty Furniture Companies, Inc. has a 1-year low of $21.04 and a 1-year high of $34.29.

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

Haverty Furniture Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Thursday, March 6th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date of this dividend is Thursday, March 6th. Haverty Furniture Companies’s dividend payout ratio (DPR) is presently 109.40%.

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.