BNP Paribas Financial Markets lifted its position in shares of Haverty Furniture Companies, Inc. ( – ) by 10.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,359 shares of the company’s stock after buying an additional 1,108 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.07% of Haverty Furniture Companies worth $403,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. acquired a new position in Haverty Furniture Companies in the 3rd quarter valued at about $814,000. Illinois Municipal Retirement Fund acquired a new position in shares of Haverty Furniture Companies during the 3rd quarter valued at about $244,000. Barclays PLC increased its stake in shares of Haverty Furniture Companies by 40.1% during the 3rd quarter. Barclays PLC now owns 15,337 shares of the company’s stock valued at $441,000 after acquiring an additional 4,387 shares during the last quarter. Swiss National Bank increased its stake in shares of Haverty Furniture Companies by 2.1% during the 3rd quarter. Swiss National Bank now owns 29,700 shares of the company’s stock valued at $855,000 after acquiring an additional 600 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Haverty Furniture Companies by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 299,501 shares of the company’s stock valued at $8,620,000 after acquiring an additional 7,620 shares during the last quarter. Institutional investors and hedge funds own 80.57% of the company’s stock.
Haverty Furniture Companies Price Performance
opened at $28.62 on Tuesday. Haverty Furniture Companies, Inc. has a 12 month low of $25.14 and a 12 month high of $37.05. The company has a 50-day moving average of $30.31 and a 200-day moving average of $32.60. The company has a market cap of $464.79 million, a P/E ratio of 10.41, a P/E/G ratio of 1.50 and a beta of 1.43.
Haverty Furniture Companies ( – ) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $192.70 million. As a group, equities research analysts anticipate that Haverty Furniture Companies, Inc. will post 1.58 EPS for the current year.
Haverty Furniture Companies Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be issued a dividend of $0.32 per share. The ex-dividend date is Thursday, May 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.47%. This is a boost from Haverty Furniture Companies’s previous quarterly dividend of $0.30. Haverty Furniture Companies’s payout ratio is presently 46.55%.
Wall Street Analysts Forecast Growth
Separately, Benchmark reaffirmed a “buy” rating and set a $45.00 price objective on shares of Haverty Furniture Companies in a research note on Thursday, May 2nd.
Haverty Furniture Companies Profile
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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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