Schonfeld Strategic Advisors LLC Takes $285,000 Position in Haverty Furniture Companies, Inc. (NYSE:HVT)

Schonfeld Strategic Advisors LLC acquired a new stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,800 shares of the company's stock, valued at approximately $285,000. Schonfeld Strategic Advisors LLC owned about 0.08% of Haverty Furniture Companies as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HVT. KLP Kapitalforvaltning AS purchased a new stake in Haverty Furniture Companies during the fourth quarter valued at about $56,000. US Bancorp DE increased its position in shares of Haverty Furniture Companies by 30.9% during the fourth quarter. US Bancorp DE now owns 5,184 shares of the company's stock valued at $115,000 after buying an additional 1,224 shares during the period. Harbor Capital Advisors Inc. increased its position 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 buying an additional 548 shares during the period. Walleye Capital LLC bought a new stake in shares of Haverty Furniture Companies during the fourth quarter valued at about $242,000. Finally, Wells Fargo & Company MN increased its position in shares of Haverty Furniture Companies by 20.9% during the fourth quarter. Wells Fargo & Company MN now owns 11,558 shares of the company's stock valued at $257,000 after buying an additional 1,997 shares during the period. 80.57% of the stock is owned by hedge funds and other institutional investors.

Haverty Furniture Companies Price Performance

Shares of HVT traded down $0.07 during midday trading on Friday, hitting $21.11. 94,849 shares of the company traded hands, compared to its average volume of 196,716. The stock has a 50-day moving average of $19.42 and a 200-day moving average of $21.41. The firm has a market cap of $340.99 million, a P/E ratio of 13.28, a PEG ratio of 1.15 and a beta of 1.41. Haverty Furniture Companies, Inc. has a one year low of $17.01 and a one year high of $29.85.

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

Haverty Furniture Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Thursday, March 6th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 6.06%. The ex-dividend date of this dividend was Thursday, March 6th. Haverty Furniture Companies's payout ratio is currently 101.59%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. StockNews.com upgraded 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 research report on Tuesday, April 29th.

Haverty Furniture Companies 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.