Franklin Resources Inc. Has $3.27 Million Stake in Haverty Furniture Companies, Inc. (NYSE:HVT)

Franklin Resources Inc. boosted its position in Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 15.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 147,064 shares of the company's stock after purchasing an additional 19,546 shares during the period. Franklin Resources Inc. owned about 0.90% of Haverty Furniture Companies worth $3,274,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Harbor Capital Advisors Inc. raised its stake in Haverty Furniture Companies by 8.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 6,813 shares of the company's stock valued at $152,000 after buying an additional 548 shares during the period. US Bancorp DE increased its holdings in shares of Haverty Furniture Companies by 30.9% during 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 last quarter. Exchange Traded Concepts LLC raised its stake in Haverty Furniture Companies by 22.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 13,349 shares of the company's stock valued at $297,000 after acquiring an additional 2,426 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Haverty Furniture Companies during the 4th quarter valued at $56,000. Finally, Inspire Investing LLC lifted its holdings in Haverty Furniture Companies by 18.8% during the 4th quarter. Inspire Investing LLC now owns 17,958 shares of the company's stock valued at $400,000 after purchasing an additional 2,839 shares during the last quarter. Institutional investors own 80.57% of the company's stock.

Haverty Furniture Companies Trading Up 0.8 %

HVT stock traded up $0.13 during mid-day trading on Thursday, hitting $17.32. 22,348 shares of the company were exchanged, compared to its average volume of 193,094. Haverty Furniture Companies, Inc. has a 1-year low of $17.01 and a 1-year high of $33.04. The stock has a market capitalization of $280.48 million, a PE ratio of 10.89, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. The business has a 50 day simple moving average of $20.69 and a 200-day simple moving average of $22.40.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last announced its earnings results on Monday, February 24th. The company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.30. The company had revenue of $184.35 million for the quarter, compared to analyst estimates of $179.84 million. Haverty Furniture Companies had a return on equity of 8.69% and a net margin of 3.57%. Equities research analysts expect that Haverty Furniture Companies, Inc. will post 0.88 earnings per share for the current year.

Haverty Furniture Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Thursday, March 6th were given a $0.32 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 7.39%. Haverty Furniture Companies's payout ratio is presently 109.40%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Haverty Furniture Companies from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th.

About Haverty Furniture Companies

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.