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

Haverty Furniture Companies, Inc. (NYSE:HVT) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totalling 1,460,000 shares, a decline of 5.8% from the September 30th total of 1,550,000 shares. Based on an average daily volume of 296,700 shares, the days-to-cover ratio is currently 4.9 days. Approximately 10.9% of the shares of the company are short sold.

Haverty Furniture Companies Stock Performance

NYSE:HVT opened at $21.96 on Friday. The company has a fifty day moving average of $26.01 and a two-hundred day moving average of $27.14. Haverty Furniture Companies has a fifty-two week low of $21.61 and a fifty-two week high of $37.05. The stock has a market capitalization of $360.36 million, a PE ratio of 13.81, a P/E/G ratio of 1.43 and a beta of 1.45.

Haverty Furniture Companies (NYSE:HVT) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. Haverty Furniture Companies had a net margin of 3.57% and a return on equity of 8.69%. The firm had revenue of $178.60 million for the quarter, compared to analyst estimates of $182.37 million. Research analysts forecast that Haverty Furniture Companies will post 1.39 earnings per share for the current year.

Haverty Furniture Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date of this dividend was Monday, August 26th. Haverty Furniture Companies’s dividend payout ratio is presently 80.50%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Wulff Hansen & CO. grew its holdings 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 in the last quarter. CWA Asset Management Group LLC acquired a new position in Haverty Furniture Companies during the third quarter worth about $3,956,000. Millennium Management LLC purchased a new stake in Haverty Furniture Companies during the 2nd quarter valued at about $3,161,000. American Century Companies Inc. raised its holdings in 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 acquiring an additional 51,302 shares during the last quarter. Finally, Vest Financial LLC purchased a new position in Haverty Furniture Companies in the 2nd quarter worth approximately $1,087,000. 80.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research report on Friday, October 25th.

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.