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

Haverty Furniture Companies, Inc. (NYSE:HVTGet Free Report) was the target of a significant growth in short interest in May. As of May 31st, there was short interest totalling 1,270,000 shares, a growth of 6.7% from the May 15th total of 1,190,000 shares. Currently, 9.6% of the company’s stock are short sold. Based on an average trading volume of 106,700 shares, the days-to-cover ratio is presently 11.9 days.

Haverty Furniture Companies Stock Performance

Shares of NYSE:HVT traded up $0.62 during midday trading on Wednesday, reaching $27.57. 321,040 shares of the company’s stock traded hands, compared to its average volume of 147,139. The company has a market cap of $447.74 million, a price-to-earnings ratio of 10.03, a P/E/G ratio of 1.50 and a beta of 1.42. Haverty Furniture Companies has a one year low of $25.14 and a one year high of $37.05. The stock has a 50 day moving average of $28.97 and a 200 day moving average of $32.21.

Haverty Furniture Companies (NYSE:HVTGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.19). Haverty Furniture Companies had a net margin of 5.64% and a return on equity of 14.98%. The business had revenue of $184.00 million for the quarter, compared to the consensus estimate of $192.70 million. Sell-side analysts predict that Haverty Furniture Companies will post 1.5 EPS for the current fiscal year.

Haverty Furniture Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 24th were issued a $0.32 dividend. This is an increase from Haverty Furniture Companies’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.64%. Haverty Furniture Companies’s dividend payout ratio is currently 46.55%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Haverty Furniture Companies by 1.6% in the first quarter. Vanguard Group Inc. now owns 1,105,487 shares of the company’s stock valued at $37,719,000 after acquiring an additional 17,354 shares during the period. Invesco Ltd. lifted its holdings in Haverty Furniture Companies by 8.8% in the third quarter. Invesco Ltd. now owns 322,446 shares of the company’s stock valued at $9,280,000 after acquiring an additional 26,157 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Haverty Furniture Companies by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 308,565 shares of the company’s stock valued at $10,954,000 after acquiring an additional 9,064 shares during the period. American Century Companies Inc. lifted its holdings in Haverty Furniture Companies by 4.9% in the third quarter. American Century Companies Inc. now owns 203,389 shares of the company’s stock valued at $5,854,000 after acquiring an additional 9,455 shares during the period. Finally, Rhumbline Advisers increased its position in Haverty Furniture Companies by 58.6% in the third quarter. Rhumbline Advisers now owns 114,258 shares of the company’s stock worth $3,288,000 after buying an additional 42,198 shares in the last quarter. Institutional investors own 80.57% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Benchmark reaffirmed a “buy” rating and set a $45.00 price target on shares of Haverty Furniture Companies in a report on Thursday, May 2nd. StockNews.com downgraded Haverty Furniture Companies from a “buy” rating to a “hold” rating in a report on Wednesday.

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Haverty Furniture Companies Company Profile

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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.

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