Haverty Furniture Companies (NYSE:HVT) Downgraded to Hold at StockNews.com

StockNews.com lowered shares of Haverty Furniture Companies (NYSE:HVT) from a buy rating to a hold rating in a report issued on Wednesday.

Separately, Benchmark reissued a buy rating and issued a $45.00 price objective on shares of Haverty Furniture Companies in a research note on Thursday, May 2nd.

Haverty Furniture Companies Stock Performance

Shares of NYSE HVT opened at $27.93 on Wednesday. Haverty Furniture Companies has a one year low of $23.09 and a one year high of $37.05. The firm has a market cap of $453.47 million, a PE ratio of 10.16, a PEG ratio of 1.64 and a beta of 1.44. The firm has a fifty day moving average of $26.41 and a 200 day moving average of $29.88.

Haverty Furniture Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Monday, August 26th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Monday, August 26th. This represents a $1.28 dividend on an annualized basis and a yield of 4.58%. Haverty Furniture Companies’s payout ratio is 46.55%.

Institutional Investors Weigh In On Haverty Furniture Companies

Large investors have recently made changes to their positions in the stock. AJOVista LLC purchased a new position in shares of Haverty Furniture Companies during the 4th quarter worth $71,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Haverty Furniture Companies by 22.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,545 shares of the company’s stock worth $140,000 after buying an additional 1,034 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Haverty Furniture Companies by 62.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,511 shares of the company’s stock worth $160,000 after acquiring an additional 1,740 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in Haverty Furniture Companies by 79.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 7,772 shares of the company’s stock valued at $197,000 after purchasing an additional 3,451 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new stake in Haverty Furniture Companies in the first quarter valued at approximately $206,000. 80.57% of the stock is currently owned by hedge funds and other institutional investors.

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.