Haverty Furniture Companies (NYSE:HVT) Downgraded by StockNews.com

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

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

Haverty Furniture Companies Trading Up 0.6 %

Shares of HVT opened at $29.24 on Wednesday. Haverty Furniture Companies has a 12-month low of $23.09 and a 12-month high of $37.05. The firm has a market capitalization of $474.74 million, a P/E ratio of 10.63, a P/E/G ratio of 1.64 and a beta of 1.44. The firm has a 50-day moving average price of $26.51 and a 200 day moving average price of $29.84.

Haverty Furniture Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Monday, August 26th will be given 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 4.38%. Haverty Furniture Companies’s dividend payout ratio is currently 46.55%.

Hedge Funds Weigh In On Haverty Furniture Companies

Hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC raised its holdings in Haverty Furniture Companies by 1.3% in the 2nd quarter. Acadian Asset Management LLC now owns 31,855 shares of the company’s stock valued at $804,000 after buying an additional 395 shares during the period. Wulff Hansen & CO. raised its stake in shares of Haverty Furniture Companies by 2.9% in the 2nd quarter. Wulff Hansen & CO. now owns 22,662 shares of the company’s stock valued at $573,000 after acquiring an additional 648 shares during the period. Texas Permanent School Fund Corp lifted its holdings in shares of Haverty Furniture Companies by 6.1% in the 2nd quarter. Texas Permanent School Fund Corp now owns 12,388 shares of the company’s stock worth $313,000 after acquiring an additional 714 shares during the last quarter. EMC Capital Management boosted its position in shares of Haverty Furniture Companies by 10.3% during the 1st quarter. EMC Capital Management now owns 8,064 shares of the company’s stock worth $275,000 after purchasing an additional 750 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in Haverty Furniture Companies by 1.5% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 60,706 shares of the company’s stock valued at $2,071,000 after purchasing an additional 907 shares during the last quarter. 80.57% of the stock is currently owned by hedge funds and other institutional investors.

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.