Jacobs Levy Equity Management Inc. Has $6.72 Million Position in Haverty Furniture Companies, Inc. (NYSE:HVT)

Jacobs Levy Equity Management Inc. grew its stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 35.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund 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 approximately 1.84% of Haverty Furniture Companies worth $6,715,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. KLP Kapitalforvaltning AS bought a new stake in Haverty Furniture Companies in the fourth quarter valued at about $56,000. US Bancorp DE increased its stake in Haverty Furniture Companies by 30.9% in the fourth quarter. US Bancorp DE now owns 5,184 shares of the company’s stock valued at $115,000 after acquiring an additional 1,224 shares during the period. Harbor Capital Advisors Inc. increased its stake in Haverty Furniture Companies by 8.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 6,813 shares of the company’s stock valued at $152,000 after acquiring an additional 548 shares during the period. Walleye Capital LLC bought a new stake in Haverty Furniture Companies in the fourth quarter valued at about $242,000. Finally, Wells Fargo & Company MN increased its stake in Haverty Furniture Companies by 20.9% in the fourth quarter. Wells Fargo & Company MN now owns 11,558 shares of the company’s stock valued at $257,000 after acquiring an additional 1,997 shares during the period. Institutional investors and hedge funds own 80.57% of the company’s stock.

Wall Street Analysts Forecast Growth

HVT has been the topic of a number of analyst reports. StockNews.com raised shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating in a research note on Thursday, May 8th. Sidoti raised shares of Haverty Furniture Companies to a “hold” rating in a research note on Tuesday, April 29th.

Haverty Furniture Companies Trading Down 1.2%

Shares of Haverty Furniture Companies stock opened at $20.75 on Wednesday. The stock has a market capitalization of $335.17 million, a price-to-earnings ratio of 13.05, a P/E/G ratio of 1.15 and a beta of 1.41. Haverty Furniture Companies, Inc. has a 1-year low of $17.01 and a 1-year high of $30.13. The firm’s 50-day moving average price is $19.48 and its two-hundred day moving average price is $21.48.

Haverty Furniture Companies (NYSE:HVT) last issued 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 firm 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%. As a group, equities research analysts predict that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current year.

Haverty Furniture Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Thursday, March 6th were paid a dividend of $0.32 per share. The ex-dividend date was Thursday, March 6th. This represents a $1.28 annualized dividend and a yield of 6.17%. Haverty Furniture Companies’s dividend payout ratio is 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.