Assenagon Asset Management S.A. Purchases New Position in Haverty Furniture Companies, Inc. $HVT

Assenagon Asset Management S.A. acquired a new stake in Haverty Furniture Companies, Inc. (NYSE:HVT) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 51,220 shares of the company’s stock, valued at approximately $1,123,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Pzena Investment Management LLC increased its holdings in shares of Haverty Furniture Companies by 61.5% in the 2nd quarter. Pzena Investment Management LLC now owns 1,560,557 shares of the company’s stock valued at $31,757,000 after acquiring an additional 594,476 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Haverty Furniture Companies by 64.7% during the 1st quarter. Hsbc Holdings PLC now owns 38,692 shares of the company’s stock worth $762,000 after purchasing an additional 15,198 shares during the last quarter. Truist Financial Corp bought a new stake in Haverty Furniture Companies during the second quarter valued at about $204,000. Charles Schwab Investment Management Inc. grew its stake in Haverty Furniture Companies by 6.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 180,417 shares of the company’s stock valued at $3,558,000 after purchasing an additional 10,944 shares during the last quarter. Finally, Nuveen LLC bought a new position in Haverty Furniture Companies in the first quarter worth about $936,000. 80.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HVT has been the subject of several recent analyst reports. Zacks Research upgraded shares of Haverty Furniture Companies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Haverty Furniture Companies in a report on Monday. Finally, Wall Street Zen upgraded Haverty Furniture Companies from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 9th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Haverty Furniture Companies Stock Performance

Shares of NYSE HVT opened at $23.74 on Thursday. The firm has a market cap of $386.25 million, a PE ratio of 20.82, a PEG ratio of 1.70 and a beta of 1.27. Haverty Furniture Companies, Inc. has a one year low of $17.01 and a one year high of $25.27. The firm has a fifty day moving average of $22.83 and a 200 day moving average of $22.08.

Haverty Furniture Companies (NYSE:HVT) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. Haverty Furniture Companies had a return on equity of 6.34% and a net margin of 2.62%.The firm had revenue of $194.48 million for the quarter, compared to analyst estimates of $183.12 million. On average, equities analysts predict that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current fiscal year.

Haverty Furniture Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Tuesday, November 25th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.6%. This is a boost from Haverty Furniture Companies’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Tuesday, November 25th. Haverty Furniture Companies’s payout ratio is 115.79%.

Insider Activity at Haverty Furniture Companies

In other Haverty Furniture Companies news, Director Rawson Haverty, Jr. sold 7,500 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $24.86, for a total transaction of $186,450.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 14,354 shares of company stock worth $345,898 in the last ninety days. Company insiders own 8.63% of the company’s stock.

Haverty Furniture Companies Company Profile

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and home décor in the United States. Founded in 1885 by J.J. Haverty and headquartered in Atlanta, Georgia, the company offers a broad assortment of upholstered furniture, case goods, mattresses, area rugs and decorative accessories. Customers can shop through a network of company-owned showrooms as well as an e-commerce platform, supported by in-house design services, delivery options and consumer financing programs.

Over more than a century of operation, Havertys has expanded its presence primarily across the Southeast and select markets beyond.