Haverty Furniture Companies, Inc. (NYSE:HVT) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. increased its position in Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 38.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145,764 shares of the company's stock after acquiring an additional 40,218 shares during the period. Ameriprise Financial Inc. owned approximately 0.89% of Haverty Furniture Companies worth $3,245,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. KLP Kapitalforvaltning AS purchased a new stake in Haverty Furniture Companies in the 4th quarter valued at approximately $56,000. US Bancorp DE lifted its stake in Haverty Furniture Companies by 30.9% in the 4th quarter. US Bancorp DE now owns 5,184 shares of the company's stock valued at $115,000 after buying an additional 1,224 shares in the last quarter. Walleye Capital LLC purchased a new stake in Haverty Furniture Companies in the 4th quarter valued at approximately $242,000. Wells Fargo & Company MN lifted its stake in Haverty Furniture Companies by 20.9% in the 4th quarter. Wells Fargo & Company MN now owns 11,558 shares of the company's stock valued at $257,000 after buying an additional 1,997 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in Haverty Furniture Companies in the 4th quarter valued at approximately $285,000. Institutional investors and hedge funds own 80.57% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on HVT shares. Sidoti raised Haverty Furniture Companies to a "hold" rating in a research note on Tuesday, April 29th. Wall Street Zen raised Haverty Furniture Companies from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th.

Haverty Furniture Companies Trading Up 1.3%

Shares of Haverty Furniture Companies stock traded up $0.26 during trading hours on Friday, reaching $21.02. 130,960 shares of the company's stock were exchanged, compared to its average volume of 197,728. Haverty Furniture Companies, Inc. has a 52-week low of $17.01 and a 52-week high of $29.85. The firm has a market capitalization of $339.54 million, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 1.15 and a beta of 1.41. The company has a fifty day moving average of $19.31 and a 200-day moving average of $21.28.

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

Haverty Furniture Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.09%. Haverty Furniture Companies's payout ratio is 101.59%.

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.