74,546 Shares in Haverty Furniture Companies, Inc. (NYSE:HVT) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 74,546 shares of the company's stock, valued at approximately $1,659,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.45% of Haverty Furniture Companies as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of HVT. US Bancorp DE boosted its holdings in Haverty Furniture Companies by 30.9% in the 4th quarter. US Bancorp DE now owns 5,184 shares of the company's stock worth $115,000 after acquiring an additional 1,224 shares during the period. Wells Fargo & Company MN boosted its holdings 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 worth $257,000 after acquiring an additional 1,997 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Haverty Furniture Companies in the 4th quarter worth approximately $56,000. Waters Parkerson & CO. LLC boosted its holdings in Haverty Furniture Companies by 11.5% in the 4th quarter. Waters Parkerson & CO. LLC now owns 32,100 shares of the company's stock worth $715,000 after acquiring an additional 3,300 shares during the period. Finally, Empowered Funds LLC boosted its holdings in Haverty Furniture Companies by 5.1% in the 4th quarter. Empowered Funds LLC now owns 85,798 shares of the company's stock worth $1,910,000 after acquiring an additional 4,153 shares during the period. Hedge funds and other institutional investors own 80.57% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on HVT. Wall Street Zen upgraded Haverty Furniture Companies from a "hold" rating to a "buy" rating in a 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 Stock Up 0.9%

Shares of Haverty Furniture Companies stock traded up $0.18 on Friday, hitting $19.76. 96,661 shares of the company's stock traded hands, compared to its average volume of 197,588. The stock has a market cap of $319.18 million, a P/E ratio of 12.43, a PEG ratio of 1.15 and a beta of 1.38. The firm's 50-day moving average is $19.26 and its 200 day moving average is $21.19. Haverty Furniture Companies, Inc. has a 52-week low of $17.01 and a 52-week high of $29.85.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.14 by $0.09. Haverty Furniture Companies had a return on equity of 8.69% and a net margin of 3.57%. The company had revenue of $181.60 million during the quarter, compared to analysts' expectations of $178.36 million. Equities 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 disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Monday, June 2nd will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 6.48%. The ex-dividend date is Monday, June 2nd. Haverty Furniture Companies's dividend payout ratio (DPR) is presently 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.