Jacobs Levy Equity Management Inc. Raises Stock Holdings in Haverty Furniture Companies, Inc. (NYSE:HVT)

Jacobs Levy Equity Management Inc. lifted its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 35.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 301,683 shares of the company's stock after buying an additional 78,553 shares during the period. Jacobs Levy Equity Management Inc. owned about 1.84% of Haverty Furniture Companies worth $6,715,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Pzena Investment Management LLC grew its stake in shares of Haverty Furniture Companies by 33.7% during the fourth quarter. Pzena Investment Management LLC now owns 962,102 shares of the company's stock worth $21,416,000 after buying an additional 242,465 shares during the last quarter. Barclays PLC increased its holdings in Haverty Furniture Companies by 44.0% in the 4th quarter. Barclays PLC now owns 53,330 shares of the company's stock worth $1,188,000 after purchasing an additional 16,283 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Haverty Furniture Companies in the fourth quarter valued at about $511,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Haverty Furniture Companies during the fourth quarter valued at about $377,000. Finally, Kanen Wealth Management LLC boosted its stake in shares of Haverty Furniture Companies by 266.8% during the fourth quarter. Kanen Wealth Management LLC now owns 213,477 shares of the company's stock valued at $4,752,000 after purchasing an additional 155,273 shares in the last quarter. 80.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on HVT. StockNews.com upgraded shares of Haverty Furniture Companies from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Sidoti upgraded Haverty Furniture Companies to a "hold" rating in a report on Tuesday, April 29th.

Haverty Furniture Companies Trading Down 1.7%

HVT stock traded down $0.35 during midday trading on Monday, hitting $20.75. The stock had a trading volume of 16,668 shares, compared to its average volume of 195,997. The firm has a market cap of $335.11 million, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 1.15 and a beta of 1.41. The business has a fifty day moving average price of $19.42 and a two-hundred day moving average price of $21.41. Haverty Furniture Companies, Inc. has a 1-year low of $17.01 and a 1-year high of $29.85.

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

Haverty Furniture Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Thursday, March 6th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date of this dividend was Thursday, March 6th. Haverty Furniture Companies's dividend payout ratio is currently 101.59%.

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.