AlphaQuest LLC Buys 21,646 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

AlphaQuest LLC raised its stake in Haverty Furniture Companies, Inc. (NYSE:HVT) by 322.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,366 shares of the company’s stock after purchasing an additional 21,646 shares during the period. AlphaQuest LLC owned 0.17% of Haverty Furniture Companies worth $631,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HVT. Point72 DIFC Ltd acquired a new position in shares of Haverty Furniture Companies during the third quarter valued at about $70,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Haverty Furniture Companies during the third quarter valued at about $88,000. US Bancorp DE acquired a new position in shares of Haverty Furniture Companies during the third quarter valued at about $109,000. Harbor Capital Advisors Inc. grew its holdings in shares of Haverty Furniture Companies by 8.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 6,813 shares of the company’s stock valued at $152,000 after buying an additional 548 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Haverty Furniture Companies during the third quarter valued at about $185,000. 80.57% of the stock is owned by institutional investors.

Haverty Furniture Companies Price Performance

Shares of NYSE HVT opened at $22.14 on Wednesday. The stock has a market capitalization of $363.32 million, a P/E ratio of 13.93, a P/E/G ratio of 1.15 and a beta of 1.44. The company has a 50-day moving average price of $22.16 and a 200-day moving average price of $23.73. Haverty Furniture Companies, Inc. has a 1 year low of $21.04 and a 1 year high of $34.29.

Haverty Furniture Companies (NYSE:HVT) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.30. The firm had revenue of $184.35 million during the quarter, compared to analysts’ expectations of $179.84 million. Haverty Furniture Companies had a net margin of 3.57% and a return on equity of 8.69%. As a group, equities research analysts anticipate that Haverty Furniture Companies, Inc. will post 0.88 earnings per share for the current fiscal year.

Haverty Furniture Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Thursday, March 6th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 5.78%. The ex-dividend date is Thursday, March 6th. Haverty Furniture Companies’s dividend payout ratio (DPR) is presently 109.40%.

About Haverty Furniture Companies

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.