Wulff Hansen & CO. Increases Holdings in Haverty Furniture Companies, Inc. (NYSE:HVT)

Wulff Hansen & CO. grew its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 22.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,422 shares of the company’s stock after buying an additional 5,346 shares during the quarter. Wulff Hansen & CO. owned 0.18% of Haverty Furniture Companies worth $655,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Pzena Investment Management LLC raised its position 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 valued at $21,416,000 after buying an additional 242,465 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in Haverty Furniture Companies by 27.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 425,940 shares of the company’s stock worth $11,701,000 after purchasing an additional 92,600 shares during the period. Jane Street Group LLC raised its position in Haverty Furniture Companies by 1,258.1% in the 3rd quarter. Jane Street Group LLC now owns 363,894 shares of the company’s stock worth $9,996,000 after purchasing an additional 337,099 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in Haverty Furniture Companies in the 3rd quarter worth about $6,129,000. Finally, Kanen Wealth Management LLC raised its position in Haverty Furniture Companies by 266.8% in the 4th quarter. Kanen Wealth Management LLC now owns 213,477 shares of the company’s stock worth $4,752,000 after purchasing an additional 155,273 shares during the period. 80.57% of the stock is currently owned by hedge funds and other institutional investors.

Haverty Furniture Companies Price Performance

Haverty Furniture Companies stock opened at $21.64 on Wednesday. Haverty Furniture Companies, Inc. has a 1-year low of $20.37 and a 1-year high of $34.29. The firm has a market capitalization of $350.49 million, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 1.15 and a beta of 1.44. The company’s 50-day moving average is $22.10 and its 200 day moving average is $23.48.

Haverty Furniture Companies (NYSE:HVT) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.30. Haverty Furniture Companies had a net margin of 3.57% and a return on equity of 8.69%. The company had revenue of $184.35 million for the quarter, compared to analyst estimates of $179.84 million. Research analysts anticipate that Haverty Furniture Companies, Inc. will post 0.88 earnings per share for the current fiscal year.

Haverty Furniture Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Thursday, March 6th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date is Thursday, March 6th. Haverty Furniture Companies’s dividend payout ratio (DPR) is currently 109.40%.

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.