Wilmington Savings Fund Society FSB Purchases New Holdings in Haverty Furniture Companies, Inc. (NYSE:HVT)

Wilmington Savings Fund Society FSB acquired a new position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 3,200 shares of the company’s stock, valued at approximately $88,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HVT. Point72 DIFC Ltd purchased a new position in shares of Haverty Furniture Companies during the third quarter valued at $70,000. US Bancorp DE acquired a new stake in Haverty Furniture Companies during the 3rd quarter worth about $109,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Haverty Furniture Companies by 22.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,545 shares of the company’s stock valued at $140,000 after acquiring an additional 1,034 shares in the last quarter. Quest Partners LLC purchased a new position in Haverty Furniture Companies during the 3rd quarter valued at about $185,000. Finally, Centiva Capital LP acquired a new position in shares of Haverty Furniture Companies in the 3rd quarter valued at about $294,000. 80.57% of the stock is currently owned by hedge funds and other institutional investors.

Haverty Furniture Companies Stock Performance

NYSE:HVT opened at $21.67 on Friday. The company has a market capitalization of $355.56 million, a P/E ratio of 13.63, a P/E/G ratio of 2.10 and a beta of 1.47. The stock’s 50 day moving average price is $23.47 and its 200 day moving average price is $25.52. Haverty Furniture Companies, Inc. has a 52 week low of $21.14 and a 52 week high of $37.05.

Haverty Furniture Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, November 26th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date of this dividend was Tuesday, November 26th. Haverty Furniture Companies’s dividend payout ratio is presently 80.50%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Haverty Furniture Companies from a “buy” rating to a “hold” rating in a report on Friday, October 25th.

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.