Haverty Furniture Companies (NYSE:HVT) Shares Gap Down to $34.12

Shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $34.12, but opened at $33.41. Haverty Furniture Companies shares last traded at $33.64, with a volume of 8,538 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Haverty Furniture Companies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, January 6th.

Haverty Furniture Companies Stock Performance

The stock's 50-day moving average price is $33.84 and its 200-day moving average price is $32.15. The company has a market capitalization of $535.86 million, a price-to-earnings ratio of 9.90, a P/E/G ratio of 1.16 and a beta of 1.53.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.95 by ($0.06). Haverty Furniture Companies had a net margin of 6.53% and a return on equity of 18.36%. The company had revenue of $210.74 million for the quarter, compared to analyst estimates of $230.06 million. Analysts anticipate that Haverty Furniture Companies, Inc. will post 2.45 earnings per share for the current year.

Haverty Furniture Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Monday, March 11th were given a dividend of $0.30 per share. The ex-dividend date was Friday, March 8th. This represents a $1.20 annualized dividend and a dividend yield of 3.62%. Haverty Furniture Companies's dividend payout ratio is currently 35.82%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Koss Olinger Consulting LLC raised its position in shares of Haverty Furniture Companies by 17.1% during the 3rd quarter. Koss Olinger Consulting LLC now owns 10,234 shares of the company's stock worth $295,000 after purchasing an additional 1,493 shares during the last quarter. Invesco Ltd. raised its holdings in Haverty Furniture Companies by 8.8% in the 3rd quarter. Invesco Ltd. now owns 322,446 shares of the company's stock valued at $9,280,000 after acquiring an additional 26,157 shares during the last quarter. Swiss National Bank raised its holdings in Haverty Furniture Companies by 2.1% in the 3rd quarter. Swiss National Bank now owns 29,700 shares of the company's stock valued at $855,000 after acquiring an additional 600 shares during the last quarter. Rhumbline Advisers raised its holdings in Haverty Furniture Companies by 58.6% in the 3rd quarter. Rhumbline Advisers now owns 114,258 shares of the company's stock valued at $3,288,000 after acquiring an additional 42,198 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Haverty Furniture Companies by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 299,501 shares of the company's stock valued at $8,620,000 after acquiring an additional 7,620 shares during the last quarter. 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.