D. E. Shaw & Co. Inc. Purchases 53,643 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

D. E. Shaw & Co. Inc. increased its position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 115.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 100,212 shares of the company’s stock after acquiring an additional 53,643 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.61% of Haverty Furniture Companies worth $2,231,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. US Bancorp DE grew its stake in Haverty Furniture Companies by 30.9% in 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 in the last quarter. Wells Fargo & Company MN grew its stake in Haverty Furniture Companies by 20.9% in the 4th quarter. Wells Fargo & Company MN now owns 11,558 shares of the company’s stock worth $257,000 after buying an additional 1,997 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Haverty Furniture Companies by 22.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 13,349 shares of the company’s stock worth $297,000 after buying an additional 2,426 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Haverty Furniture Companies in the 4th quarter worth approximately $56,000. Finally, Inspire Investing LLC grew its stake in Haverty Furniture Companies by 18.8% in the 4th quarter. Inspire Investing LLC now owns 17,958 shares of the company’s stock worth $400,000 after buying an additional 2,839 shares in the last quarter. Institutional investors own 80.57% of the company’s stock.

Wall Street Analysts Forecast Growth

HVT has been the subject of a number of research reports. StockNews.com raised shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating in a research note on Thursday, May 8th. Sidoti raised shares of Haverty Furniture Companies to a “hold” rating in a research note on Tuesday, April 29th.

Haverty Furniture Companies Stock Performance

Shares of Haverty Furniture Companies stock opened at $20.77 on Wednesday. Haverty Furniture Companies, Inc. has a 52-week low of $17.01 and a 52-week high of $29.85. The stock has a market capitalization of $335.50 million, a price-to-earnings ratio of 13.06, a price-to-earnings-growth ratio of 1.15 and a beta of 1.41. The company has a fifty day moving average of $19.40 and a 200-day moving average of $21.40.

Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.09. Haverty Furniture Companies had a net margin of 3.57% and a return on equity of 8.69%. The company had revenue of $181.60 million during the quarter, compared to analysts’ expectations of $178.36 million. On average, equities research analysts forecast that Haverty Furniture Companies, Inc. will post 0.88 earnings per share for the current fiscal year.

Haverty Furniture Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Monday, June 2nd will be paid a $0.32 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.16%. Haverty Furniture Companies’s dividend payout ratio (DPR) is 101.59%.

Haverty Furniture Companies Company 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.