D. E. Shaw & Co. Inc. Has $2.23 Million Stake in Haverty Furniture Companies, Inc. (NYSE:HVT)

D. E. Shaw & Co. Inc. lifted its stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 115.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,212 shares of the company's stock after purchasing an additional 53,643 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.61% of Haverty Furniture Companies worth $2,231,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Pzena Investment Management LLC increased its stake in Haverty Furniture Companies by 33.7% in the 4th quarter. Pzena Investment Management LLC now owns 962,102 shares of the company's stock worth $21,416,000 after purchasing an additional 242,465 shares in the last quarter. Barclays PLC boosted its holdings in shares of Haverty Furniture Companies by 44.0% in the fourth quarter. Barclays PLC now owns 53,330 shares of the company's stock worth $1,188,000 after buying an additional 16,283 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Haverty Furniture Companies in the fourth quarter worth about $511,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Haverty Furniture Companies in the fourth quarter worth approximately $377,000. Finally, AlphaQuest LLC raised its holdings in shares of Haverty Furniture Companies by 322.1% during the fourth quarter. AlphaQuest LLC now owns 28,366 shares of the company's stock valued at $631,000 after acquiring an additional 21,646 shares during the period. 80.57% of the stock is owned by hedge funds and other institutional investors.

Haverty Furniture Companies Price Performance

Haverty Furniture Companies stock traded down $0.19 during mid-day trading on Monday, hitting $20.28. The company's stock had a trading volume of 125,287 shares, compared to its average volume of 197,773. Haverty Furniture Companies, Inc. has a 52-week low of $17.01 and a 52-week high of $29.85. The company has a market cap of $327.63 million, a PE ratio of 12.76, a price-to-earnings-growth ratio of 1.15 and a beta of 1.41. The firm's 50 day moving average is $19.31 and its 200 day moving average is $21.32.

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 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 business had revenue of $181.60 million during the quarter, compared to analyst estimates of $178.36 million. As a group, analysts forecast that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current year.

Haverty Furniture Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.31%. The ex-dividend date is Monday, June 2nd. Haverty Furniture Companies's dividend payout ratio (DPR) is currently 101.59%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HVT shares. Sidoti upgraded shares of Haverty Furniture Companies to a "hold" rating in a research report on Tuesday, April 29th. Wall Street Zen upgraded Haverty Furniture Companies from a "hold" rating to a "buy" rating in a report on Thursday, May 8th.

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.