Balyasny Asset Management L.P. Has $495,000 Stock Position in Haverty Furniture Companies, Inc. (NYSE:HVT)

Balyasny Asset Management L.P. decreased its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 85.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,252 shares of the company's stock after selling 134,078 shares during the period. Balyasny Asset Management L.P. owned approximately 0.14% of Haverty Furniture Companies worth $495,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Ameriprise Financial Inc. boosted its holdings in shares of Haverty Furniture Companies by 38.1% during the fourth quarter. Ameriprise Financial Inc. now owns 145,764 shares of the company's stock worth $3,245,000 after purchasing an additional 40,218 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in shares of Haverty Furniture Companies in the fourth quarter valued at approximately $285,000. Syon Capital LLC bought a new position in shares of Haverty Furniture Companies in the fourth quarter valued at approximately $311,000. Hsbc Holdings PLC raised its position in shares of Haverty Furniture Companies by 78.8% in the fourth quarter. Hsbc Holdings PLC now owns 23,494 shares of the company's stock valued at $522,000 after purchasing an additional 10,355 shares during the period. Finally, Jump Financial LLC raised its position in shares of Haverty Furniture Companies by 38.6% in the fourth quarter. Jump Financial LLC now owns 18,290 shares of the company's stock valued at $407,000 after purchasing an additional 5,097 shares during the period. Institutional investors own 80.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. StockNews.com raised shares of Haverty Furniture Companies from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Sidoti raised shares of Haverty Furniture Companies to a "hold" rating in a research report on Tuesday, April 29th.

Haverty Furniture Companies Stock Down 1.1%

HVT traded down $0.23 during trading on Wednesday, reaching $20.54. 8,321 shares of the company's stock were exchanged, compared to its average volume of 195,704. Haverty Furniture Companies, Inc. has a fifty-two week low of $17.01 and a fifty-two week high of $29.85. The business has a 50 day moving average price of $19.40 and a 200 day moving average price of $21.40. The company has a market capitalization of $331.78 million, a P/E ratio of 12.89, a PEG ratio of 1.15 and a beta of 1.41.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.09. Haverty Furniture Companies had a net margin of 3.57% and a return on equity of 8.69%. The firm had revenue of $181.60 million for the quarter, compared to the consensus estimate of $178.36 million. As a group, research analysts forecast that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current year.

Haverty Furniture Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Monday, June 2nd will be paid a $0.32 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.28 annualized dividend and a dividend yield of 6.23%. Haverty Furniture Companies's dividend payout ratio is presently 101.59%.

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.