Bank of New York Mellon Corp Acquires 35,511 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

Bank of New York Mellon Corp boosted its stake in Haverty Furniture Companies, Inc. (NYSE:HVT) by 20.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 208,835 shares of the company’s stock after buying an additional 35,511 shares during the period. Bank of New York Mellon Corp’s holdings in Haverty Furniture Companies were worth $4,649,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Point72 DIFC Ltd bought a new stake in shares of Haverty Furniture Companies in the 3rd quarter worth approximately $70,000. Wilmington Savings Fund Society FSB bought a new position in Haverty Furniture Companies in the 3rd quarter valued at approximately $88,000. Quest Partners LLC bought a new position in Haverty Furniture Companies in the 3rd quarter valued at approximately $185,000. Harbor Capital Advisors Inc. lifted its position in Haverty Furniture Companies by 8.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 6,813 shares of the company’s stock valued at $152,000 after acquiring an additional 548 shares in the last quarter. Finally, Centiva Capital LP bought a new stake in shares of Haverty Furniture Companies during the 3rd quarter valued at about $294,000. 80.57% of the stock is currently owned by hedge funds and other institutional investors.

Haverty Furniture Companies Trading Up 2.1 %

Shares of NYSE HVT opened at $21.58 on Tuesday. The firm has a 50 day moving average of $22.10 and a 200 day moving average of $23.52. Haverty Furniture Companies, Inc. has a 12-month low of $20.37 and a 12-month high of $34.29. The firm has a market capitalization of $349.40 million, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 1.15 and a beta of 1.44.

Haverty Furniture Companies (NYSE:HVT) last released its earnings results on Monday, February 24th. The company reported $0.47 earnings per share for the quarter, beating 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 analysts’ expectations of $179.84 million. Sell-side analysts predict that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current year.

Haverty Furniture Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Thursday, March 6th will be issued a $0.32 dividend. The ex-dividend date is Thursday, March 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.93%. Haverty Furniture Companies’s dividend payout ratio (DPR) is presently 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.