Point72 Asia Singapore Pte. Ltd. Buys New Shares in Haverty Furniture Companies, Inc. (NYSE:HVT)

Point72 Asia Singapore Pte. Ltd. purchased a new position in Haverty Furniture Companies, Inc. (NYSE:HVT) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,785 shares of the company’s stock, valued at approximately $406,000. Point72 Asia Singapore Pte. Ltd. owned 0.09% of Haverty Furniture Companies at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HVT. Verition Fund Management LLC purchased a new stake in shares of Haverty Furniture Companies in the 3rd quarter worth about $3,886,000. BNP Paribas Financial Markets raised its stake in Haverty Furniture Companies by 643.1% during the third quarter. BNP Paribas Financial Markets now owns 21,482 shares of the company’s stock valued at $590,000 after buying an additional 18,591 shares during the last quarter. DRW Securities LLC bought a new position in Haverty Furniture Companies in the 3rd quarter worth about $296,000. Pzena Investment Management LLC purchased a new stake in shares of Haverty Furniture Companies during the third quarter valued at approximately $19,768,000. Finally, Quest Partners LLC purchased a new position in Haverty Furniture Companies in the 3rd quarter worth about $185,000. 80.57% of the stock is currently owned by institutional investors.

Haverty Furniture Companies Stock Up 1.0 %

HVT stock opened at $23.85 on Tuesday. The stock has a market capitalization of $391.38 million, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 2.12 and a beta of 1.48. The firm’s fifty day simple moving average is $24.45 and its two-hundred day simple moving average is $25.99. Haverty Furniture Companies, Inc. has a twelve month low of $21.61 and a twelve month high of $37.05.

Haverty Furniture Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 26th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date is Tuesday, November 26th. Haverty Furniture Companies’s dividend payout ratio (DPR) is currently 80.50%.

Analyst Upgrades and Downgrades

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.