Schonfeld Strategic Advisors LLC Makes New $285,000 Investment in Haverty Furniture Companies, Inc. (NYSE:HVT)

Schonfeld Strategic Advisors LLC acquired a new position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,800 shares of the company's stock, valued at approximately $285,000. Schonfeld Strategic Advisors LLC owned approximately 0.08% of Haverty Furniture Companies at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Barclays PLC raised its holdings in shares of Haverty Furniture Companies by 96.3% during the 3rd quarter. Barclays PLC now owns 37,047 shares of the company's stock valued at $1,018,000 after buying an additional 18,174 shares during the period. Franklin Resources Inc. grew its position in Haverty Furniture Companies by 3.6% in the third quarter. Franklin Resources Inc. now owns 127,518 shares of the company's stock valued at $3,259,000 after acquiring an additional 4,449 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Haverty Furniture Companies by 8.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 6,813 shares of the company's stock valued at $152,000 after purchasing an additional 548 shares during the period. Kanen Wealth Management LLC lifted its position 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 worth $4,752,000 after purchasing an additional 155,273 shares in the last quarter. Finally, Inspire Investing LLC lifted its position in shares of Haverty Furniture Companies by 18.8% during the fourth quarter. Inspire Investing LLC now owns 17,958 shares of the company's stock worth $400,000 after purchasing an additional 2,839 shares in the last quarter. Hedge funds and other institutional investors own 80.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HVT shares. StockNews.com raised shares of Haverty Furniture Companies from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Sidoti raised shares of Haverty Furniture Companies to a "hold" rating in a research report on Tuesday, April 29th.

Haverty Furniture Companies Price Performance

HVT traded down $0.07 on Friday, reaching $21.11. The company's stock had a trading volume of 94,849 shares, compared to its average volume of 196,004. Haverty Furniture Companies, Inc. has a 1 year low of $17.01 and a 1 year high of $30.13. The business's 50 day moving average is $19.44 and its 200 day moving average is $21.45. The stock has a market cap of $340.99 million, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 1.15 and a beta of 1.41.

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. As a group, research analysts forecast that Haverty Furniture Companies, Inc. will post 0.88 earnings per share for the current fiscal year.

Haverty Furniture Companies Dividend Announcement

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 of this dividend was Thursday, March 6th. This represents a $1.28 annualized dividend and a yield of 6.06%. Haverty Furniture Companies's dividend payout ratio is presently 101.59%.

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.