Ameriprise Financial Inc. Purchases 40,218 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

Ameriprise Financial Inc. lifted its stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 38.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 145,764 shares of the company's stock after purchasing an additional 40,218 shares during the quarter. Ameriprise Financial Inc. owned about 0.89% of Haverty Furniture Companies worth $3,245,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pzena Investment Management LLC lifted its holdings in shares of Haverty Furniture Companies by 33.7% in the fourth quarter. Pzena Investment Management LLC now owns 962,102 shares of the company's stock valued at $21,416,000 after purchasing an additional 242,465 shares in the last quarter. American Century Companies Inc. lifted its holdings in Haverty Furniture Companies by 9.8% in the fourth quarter. American Century Companies Inc. now owns 404,318 shares of the company's stock worth $9,000,000 after purchasing an additional 36,086 shares during the period. Geode Capital Management LLC raised its position in shares of Haverty Furniture Companies by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 326,221 shares of the company's stock worth $7,263,000 after buying an additional 5,107 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Haverty Furniture Companies by 20.5% during the fourth quarter. Bank of New York Mellon Corp now owns 208,835 shares of the company's stock valued at $4,649,000 after buying an additional 35,511 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Haverty Furniture Companies by 15.3% in the 4th quarter. Franklin Resources Inc. now owns 147,064 shares of the company's stock worth $3,274,000 after acquiring an additional 19,546 shares during the last quarter. 80.57% of the stock is currently owned by institutional investors and hedge funds.

Haverty Furniture Companies Stock Performance

Shares of HVT traded down $0.18 during mid-day trading on Thursday, hitting $20.73. The company's stock had a trading volume of 82,506 shares, compared to its average volume of 197,580. The stock's 50-day moving average is $19.30 and its two-hundred day moving average is $21.30. The firm has a market capitalization of $334.85 million, a PE ratio of 13.04, a price-to-earnings-growth ratio of 1.15 and a beta of 1.41. Haverty Furniture Companies, Inc. has a one year low of $17.01 and a one year high of $29.85.

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 (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.09. The company had revenue of $181.60 million for the quarter, compared to analyst estimates of $178.36 million. Haverty Furniture Companies had a net margin of 3.57% and a return on equity of 8.69%. Analysts expect that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current fiscal year.

Haverty Furniture Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Monday, June 2nd will be given a $0.32 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.17%. Haverty Furniture Companies's dividend payout ratio is currently 101.59%.

Wall Street Analyst Weigh In

HVT has been the subject of a number of research reports. Wall Street Zen raised Haverty Furniture Companies from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Sidoti upgraded Haverty Furniture Companies to a "hold" rating in a research note on Tuesday, April 29th.

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.