Syon Capital LLC Acquires New Position in Haverty Furniture Companies, Inc. (NYSE:HVT)

Syon Capital LLC acquired a new position in Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 13,970 shares of the company's stock, valued at approximately $311,000. Syon Capital LLC owned about 0.09% of Haverty Furniture Companies at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of HVT. Pzena Investment Management LLC lifted its position in shares of Haverty Furniture Companies by 33.7% during the 4th quarter. Pzena Investment Management LLC now owns 962,102 shares of the company's stock valued at $21,416,000 after buying an additional 242,465 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Haverty Furniture Companies during the 4th quarter valued at $511,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Haverty Furniture Companies during the 4th quarter valued at $377,000. Kanen Wealth Management LLC lifted its position in shares of Haverty Furniture Companies by 266.8% during the 4th quarter. Kanen Wealth Management LLC now owns 213,477 shares of the company's stock valued at $4,752,000 after buying an additional 155,273 shares during the last quarter. Finally, AlphaQuest LLC raised its stake in shares of Haverty Furniture Companies by 322.1% during the 4th quarter. AlphaQuest LLC now owns 28,366 shares of the company's stock valued at $631,000 after purchasing an additional 21,646 shares during the period. Hedge funds and other institutional investors own 80.57% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HVT. Sidoti upgraded Haverty Furniture Companies to a "hold" rating in a research note on Tuesday. StockNews.com lowered Haverty Furniture Companies from a "buy" rating to a "hold" rating in a research note on Wednesday.

Haverty Furniture Companies Stock Up 7.6 %

Shares of NYSE:HVT traded up $1.37 during midday trading on Thursday, reaching $19.53. 103,539 shares of the company traded hands, compared to its average volume of 195,806. The firm has a market capitalization of $316.33 million, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. The firm's fifty day moving average price is $19.92 and its two-hundred day moving average price is $21.83. Haverty Furniture Companies, Inc. has a 12 month low of $17.01 and a 12 month high of $31.52.

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

Haverty Furniture Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Thursday, March 6th were paid a $0.32 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.28 dividend on an annualized basis and a yield of 6.55%. Haverty Furniture Companies's dividend payout ratio is currently 109.40%.

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.