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 the month of March. As of March 15th, there was short interest totalling 814,700 shares, a decline of 29.8% from the February 28th total of 1,160,000 shares. Based on an average daily volume of 149,100 shares, the short-interest ratio is currently 5.5 days. Currently, 6.2% of the company’s shares are sold short.

Haverty Furniture Companies Stock Performance

Shares of HVT stock traded down $0.50 during mid-day trading on Monday, hitting $19.72. The company’s stock had a trading volume of 128,389 shares, compared to its average volume of 190,806. The company has a market cap of $319.35 million, a PE ratio of 12.40, a P/E/G ratio of 1.15 and a beta of 1.44. The company’s fifty day simple moving average is $21.87 and its 200-day simple moving average is $23.16. Haverty Furniture Companies has a 52 week low of $19.56 and a 52 week high of $33.97.

Haverty Furniture Companies (NYSE:HVT) last issued its earnings results on Monday, February 24th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.30. Haverty Furniture Companies had a net margin of 3.57% and a return on equity of 8.69%. The business had revenue of $184.35 million for the quarter, compared to analyst estimates of $179.84 million. On average, equities analysts anticipate that Haverty Furniture Companies will post 0.88 earnings per share for the current year.

Haverty Furniture Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Thursday, March 6th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date of this dividend was Thursday, March 6th. Haverty Furniture Companies’s payout ratio is 109.40%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HVT. KLP Kapitalforvaltning AS purchased a new stake in Haverty Furniture Companies in the 4th quarter valued at $56,000. Point72 DIFC Ltd bought a new position in shares of Haverty Furniture Companies during the third quarter valued at about $70,000. Wilmington Savings Fund Society FSB bought a new position in shares of Haverty Furniture Companies during the third quarter valued at about $88,000. US Bancorp DE grew its position in Haverty Furniture Companies by 30.9% in the 4th quarter. US Bancorp DE now owns 5,184 shares of the company’s stock worth $115,000 after purchasing an additional 1,224 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in Haverty Furniture Companies by 8.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 6,813 shares of the company’s stock worth $152,000 after purchasing an additional 548 shares in the last quarter. Institutional investors own 80.57% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, March 19th.

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.