Haverty Furniture Companies (NYSE:HVT) Upgraded by Sidoti to "Hold" Rating

Sidoti upgraded shares of Haverty Furniture Companies (NYSE:HVT - Free Report) to a hold rating in a research report released on Tuesday, April 29th,Zacks.com reports.

Separately, StockNews.com cut shares of Haverty Furniture Companies from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th.

Haverty Furniture Companies Stock Performance

Shares of Haverty Furniture Companies stock traded down $0.51 during trading on Tuesday, hitting $18.94. 27,555 shares of the company's stock were exchanged, compared to its average volume of 195,417. The stock has a market capitalization of $306.75 million, a price-to-earnings ratio of 11.93, a PEG ratio of 1.15 and a beta of 1.41. The business has a 50-day simple moving average of $19.78 and a 200-day simple moving average of $21.66. Haverty Furniture Companies has a 52-week low of $17.01 and a 52-week high of $30.13.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last issued 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. 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 for the quarter, compared to analysts' expectations of $178.36 million. On average, equities analysts anticipate that Haverty Furniture Companies will post 0.88 earnings per share for the current fiscal year.

Haverty Furniture Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Thursday, March 6th were issued a $0.32 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.28 annualized dividend and a dividend yield of 6.76%. Haverty Furniture Companies's dividend payout ratio is presently 101.59%.

Hedge Funds Weigh In On Haverty Furniture Companies

Institutional investors and hedge funds have recently bought and sold shares of the company. Pzena Investment Management LLC raised its holdings in Haverty Furniture Companies by 0.4% in the 1st quarter. Pzena Investment Management LLC now owns 966,081 shares of the company's stock valued at $19,051,000 after buying an additional 3,979 shares during the period. CWM LLC raised its stake in shares of Haverty Furniture Companies by 163.0% in the 1st quarter. CWM LLC now owns 4,645 shares of the company's stock valued at $92,000 after acquiring an additional 2,879 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Haverty Furniture Companies by 509.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,736 shares of the company's stock worth $74,000 after acquiring an additional 3,123 shares during the last quarter. GAMMA Investing LLC increased its holdings in Haverty Furniture Companies by 4,637.0% in the 1st quarter. GAMMA Investing LLC now owns 4,358 shares of the company's stock valued at $860,000 after purchasing an additional 4,266 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Haverty Furniture Companies in the fourth quarter valued at approximately $1,659,000. 80.57% of the stock is currently owned by institutional investors and hedge funds.

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.