Haverty Furniture Companies, Inc. (NYSE:HVT) Short Interest Update

Haverty Furniture Companies, Inc. (NYSE:HVT) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totalling 1,940,000 shares, an increase of 7.8% from the July 15th total of 1,800,000 shares. Based on an average trading volume of 170,100 shares, the days-to-cover ratio is currently 11.4 days. Currently, 14.7% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of analysts have weighed in on HVT shares. StockNews.com cut shares of Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th. Benchmark reiterated a “buy” rating and issued a $45.00 target price on shares of Haverty Furniture Companies in a research report on Thursday, May 2nd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wulff Hansen & CO. increased its position in shares of Haverty Furniture Companies by 2,503.4% during the second quarter. Wulff Hansen & CO. now owns 573,122 shares of the company’s stock worth $14,494,000 after buying an additional 551,108 shares during the period. Millennium Management LLC bought a new position in shares of Haverty Furniture Companies in the 2nd quarter worth about $3,161,000. American Century Companies Inc. lifted its stake in shares of Haverty Furniture Companies by 19.0% in the 2nd quarter. American Century Companies Inc. now owns 320,672 shares of the company’s stock valued at $8,110,000 after purchasing an additional 51,302 shares during the period. Vest Financial LLC acquired a new position in Haverty Furniture Companies in the second quarter valued at approximately $1,087,000. Finally, Deprince Race & Zollo Inc. increased its stake in shares of Haverty Furniture Companies by 28.3% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 145,895 shares of the company’s stock valued at $3,690,000 after acquiring an additional 32,175 shares in the last quarter. 80.57% of the stock is owned by institutional investors and hedge funds.

Haverty Furniture Companies Stock Down 1.2 %

NYSE HVT traded down $0.35 on Monday, hitting $28.89. The company’s stock had a trading volume of 131,502 shares, compared to its average volume of 131,882. The company’s 50-day moving average is $26.51 and its 200 day moving average is $29.78. The firm has a market cap of $469.06 million, a PE ratio of 10.48, a PEG ratio of 1.64 and a beta of 1.44. Haverty Furniture Companies has a 1-year low of $23.09 and a 1-year high of $37.05.

Haverty Furniture Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Monday, August 26th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.43%. The ex-dividend date is Monday, August 26th. Haverty Furniture Companies’s dividend payout ratio is currently 46.55%.

Haverty Furniture Companies Company 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.