Haverty Furniture Companies, Inc. (NYSE:HVT) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 4,637.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,358 shares of the company’s stock after acquiring an additional 4,266 shares during the quarter. GAMMA Investing LLC’s holdings in Haverty Furniture Companies were worth $860,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of HVT. Pzena Investment Management LLC lifted its holdings in shares of Haverty Furniture Companies by 33.7% during the 4th quarter. Pzena Investment Management LLC now owns 962,102 shares of the company’s stock worth $21,416,000 after acquiring an additional 242,465 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Haverty Furniture Companies by 35.2% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 301,683 shares of the company’s stock worth $6,715,000 after acquiring an additional 78,553 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Haverty Furniture Companies during the 4th quarter worth about $1,659,000. D. E. Shaw & Co. Inc. lifted its holdings in shares of Haverty Furniture Companies by 115.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 100,212 shares of the company’s stock worth $2,231,000 after acquiring an additional 53,643 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Haverty Furniture Companies by 38.1% during the 4th quarter. Ameriprise Financial Inc. now owns 145,764 shares of the company’s stock worth $3,245,000 after acquiring an additional 40,218 shares during the period. 80.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Sidoti upgraded shares of Haverty Furniture Companies to a “hold” rating in a report on Tuesday, April 29th. Wall Street Zen upgraded shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating in a report on Thursday, May 8th.

Haverty Furniture Companies Stock Performance

HVT opened at $19.99 on Wednesday. The firm has a 50 day moving average price of $19.49 and a 200 day moving average price of $21.00. The company has a market cap of $322.84 million, a PE ratio of 15.87, a price-to-earnings-growth ratio of 1.29 and a beta of 1.38. Haverty Furniture Companies, Inc. has a 1 year low of $17.01 and a 1 year high of $29.85.

Haverty Furniture Companies (NYSE:HVT) last posted its earnings results on Wednesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.09. The firm had revenue of $181.60 million during the quarter, compared to the consensus estimate of $178.36 million. Haverty Furniture Companies had a net margin of 2.96% and a return on equity of 6.94%. On average, sell-side analysts predict that Haverty Furniture Companies, Inc. will post 0.88 earnings per share for the current year.

Haverty Furniture Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Monday, June 2nd were given a dividend of $0.32 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.40%. Haverty Furniture Companies’s payout ratio is currently 101.59%.

Insider Activity

In other Haverty Furniture Companies news, Director Rawson Haverty, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $20.67, for a total transaction of $31,005.00. Following the completion of the sale, the director now owns 38,023 shares in the company, valued at $785,935.41. This trade represents a 3.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.63% of the company’s stock.

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.