Amalgamated Bank decreased its position in shares of Haverty Furniture Companies, Inc. ( – ) by 12.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,106 shares of the company’s stock after selling 703 shares during the quarter. Amalgamated Bank’s holdings in Haverty Furniture Companies were worth $181,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Haverty Furniture Companies by 62.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,511 shares of the company’s stock valued at $160,000 after buying an additional 1,740 shares in the last quarter. EMC Capital Management lifted its stake in shares of Haverty Furniture Companies by 60.6% during the 3rd quarter. EMC Capital Management now owns 7,314 shares of the company’s stock valued at $210,000 after buying an additional 2,759 shares in the last quarter. Vision Capital Management Inc. purchased a new stake in Haverty Furniture Companies in the 4th quarter worth $213,000. Yousif Capital Management LLC purchased a new stake in Haverty Furniture Companies in the 4th quarter worth $235,000. Finally, Louisiana State Employees Retirement System purchased a new stake in Haverty Furniture Companies in the 4th quarter worth $238,000. Hedge funds and other institutional investors own 80.57% of the company’s stock.
Haverty Furniture Companies Stock Down 0.7 %
Shares of opened at $28.10 on Thursday. The stock has a market cap of $456.23 million, a P/E ratio of 10.22, a PEG ratio of 1.52 and a beta of 1.54. Haverty Furniture Companies, Inc. has a 52 week low of $25.07 and a 52 week high of $37.05. The company’s fifty day simple moving average is $30.90 and its two-hundred day simple moving average is $32.69.
Haverty Furniture Companies ( – ) last announced its earnings results on Wednesday, May 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.19). The business had revenue of $184.00 million for the quarter, compared to analysts’ expectations of $192.70 million. Haverty Furniture Companies had a net margin of 5.64% and a return on equity of 14.98%. On average, analysts anticipate that Haverty Furniture Companies, Inc. will post 1.58 EPS for the current fiscal year.
Haverty Furniture Companies Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.56%. This is a boost from Haverty Furniture Companies’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, May 23rd. Haverty Furniture Companies’s dividend payout ratio is currently 46.55%.
Analysts Set New Price Targets
Separately, Benchmark reiterated a “buy” rating and issued a $45.00 price target on shares of Haverty Furniture Companies in a research note on Thursday, May 2nd.
About Haverty Furniture Companies
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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.
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