Zurcher Kantonalbank Zurich Cantonalbank Buys 1,740 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 62.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,511 shares of the company’s stock after acquiring an additional 1,740 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Haverty Furniture Companies were worth $160,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. EMC Capital Management grew its holdings in Haverty Furniture Companies by 60.6% in 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. bought a new position in Haverty Furniture Companies during the fourth quarter worth about $213,000. Louisiana State Employees Retirement System acquired a new stake in Haverty Furniture Companies in the 4th quarter worth about $238,000. Illinois Municipal Retirement Fund bought a new stake in Haverty Furniture Companies in the 3rd quarter valued at about $244,000. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Haverty Furniture Companies during the 4th quarter worth approximately $396,000. 80.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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.

Haverty Furniture Companies Stock Down 0.5 %

HVT stock opened at $28.57 on Thursday. Haverty Furniture Companies, Inc. has a 52 week low of $25.05 and a 52 week high of $37.05. The business has a 50-day simple moving average of $31.77 and a 200 day simple moving average of $32.53. The company has a market cap of $461.29 million, a PE ratio of 10.39, a price-to-earnings-growth ratio of 1.02 and a beta of 1.54.

Haverty Furniture Companies (NYSE:HVT) last released its earnings results on Wednesday, February 21st. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.06). The firm had revenue of $210.74 million during the quarter, compared to the consensus estimate of $230.06 million. Haverty Furniture Companies had a net margin of 5.64% and a return on equity of 14.94%. On average, analysts anticipate that Haverty Furniture Companies, Inc. will post 2.34 EPS for the current fiscal year.

Haverty Furniture Companies Increases Dividend

The business 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 $0.32 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.48%. This is a boost from Haverty Furniture Companies’s previous quarterly dividend of $0.30. Haverty Furniture Companies’s dividend payout ratio is 46.55%.

Haverty Furniture Companies 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.