Haverty Furniture Companies, Inc. (NYSE:HVT) Holdings Boosted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 62.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,511 shares of the company’s stock after buying 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 Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of HVT. Vanguard Group Inc. boosted its position in Haverty Furniture Companies by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,048,004 shares of the company’s stock worth $30,162,000 after acquiring an additional 5,342 shares during the period. Invesco Ltd. lifted its position in Haverty Furniture Companies by 8.8% in the 3rd quarter. Invesco Ltd. now owns 322,446 shares of the company’s stock worth $9,280,000 after buying an additional 26,157 shares in the last quarter. Charles Schwab Investment Management Inc. boosted 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 buying an additional 7,620 shares during the period. Cambria Investment Management L.P. grew its holdings in shares of Haverty Furniture Companies by 8.5% during the 3rd quarter. Cambria Investment Management L.P. now owns 221,925 shares of the company’s stock valued at $6,387,000 after acquiring an additional 17,325 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Haverty Furniture Companies by 4.9% in the third quarter. American Century Companies Inc. now owns 203,389 shares of the company’s stock worth $5,854,000 after acquiring an additional 9,455 shares during the last quarter. 80.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Benchmark reissued a “buy” rating and set a $45.00 price objective on shares of Haverty Furniture Companies in a research report on Thursday, May 2nd.

Haverty Furniture Companies Stock Performance

NYSE:HVT opened at $28.57 on Thursday. The company has a market capitalization of $461.29 million, a P/E ratio of 10.39, a P/E/G ratio of 1.02 and a beta of 1.54. The stock’s 50 day moving average price is $31.77 and its 200 day moving average price is $32.53. Haverty Furniture Companies, Inc. has a 52 week low of $25.05 and a 52 week high of $37.05.

Haverty Furniture Companies (NYSE:HVT) last announced its quarterly 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). Haverty Furniture Companies had a return on equity of 14.94% and a net margin of 5.64%. The business had revenue of $210.74 million for the quarter, compared to analyst estimates of $230.06 million. As a group, sell-side analysts forecast that Haverty Furniture Companies, Inc. will post 2.34 earnings per share 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. Shareholders of record on Friday, May 24th will be issued a dividend of $0.32 per share. This is a positive change from Haverty Furniture Companies’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 4.48%. The ex-dividend date is Thursday, May 23rd. Haverty Furniture Companies’s dividend payout ratio (DPR) is 46.55%.

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.