Haverty Furniture Companies, Inc. (HVT) to Issue Quarterly Dividend of $0.33 on March 25th

Haverty Furniture Companies, Inc. (NYSE:HVT) announced a quarterly dividend on Friday, February 20th. Investors of record on Tuesday, March 10th will be paid a dividend of 0.33 per share on Wednesday, March 25th. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Tuesday, March 10th.

Haverty Furniture Companies has decreased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 4 years. Haverty Furniture Companies has a dividend payout ratio of 53.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Haverty Furniture Companies to earn $1.57 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 84.1%.

Haverty Furniture Companies Trading Down 1.7%

HVT opened at $22.86 on Friday. The company has a market cap of $371.93 million, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 1.02 and a beta of 1.32. The stock has a fifty day simple moving average of $25.37 and a two-hundred day simple moving average of $23.58. Haverty Furniture Companies has a 12-month low of $17.01 and a 12-month high of $27.67.

Haverty Furniture Companies (NYSE:HVT) last announced its earnings results on Monday, February 23rd. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $201.92 million for the quarter, compared to analysts’ expectations of $197.47 million. Haverty Furniture Companies had a net margin of 2.60% and a return on equity of 6.45%. On average, analysts predict that Haverty Furniture Companies will post 0.88 EPS for the current year.

Insider Buying and Selling

In other Haverty Furniture Companies news, Director Rawson Haverty, Jr. sold 7,500 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $24.86, for a total transaction of $186,450.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 8.63% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in shares of Haverty Furniture Companies by 13.8% during the first quarter. Royal Bank of Canada now owns 27,073 shares of the company’s stock valued at $534,000 after buying an additional 3,293 shares during the last quarter. AQR Capital Management LLC lifted its position in Haverty Furniture Companies by 30.5% in the 1st quarter. AQR Capital Management LLC now owns 162,821 shares of the company’s stock valued at $3,211,000 after acquiring an additional 38,074 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Haverty Furniture Companies by 7.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,898 shares of the company’s stock valued at $175,000 after acquiring an additional 651 shares in the last quarter. Empowered Funds LLC boosted its stake in Haverty Furniture Companies by 7.4% during the 1st quarter. Empowered Funds LLC now owns 92,185 shares of the company’s stock valued at $1,818,000 after purchasing an additional 6,387 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in Haverty Furniture Companies by 68.7% during the 1st quarter. Jane Street Group LLC now owns 172,099 shares of the company’s stock valued at $3,394,000 after purchasing an additional 70,060 shares during the last quarter. Institutional investors own 80.57% of the company’s stock.

About Haverty Furniture Companies

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and home décor in the United States. Founded in 1885 by J.J. Haverty and headquartered in Atlanta, Georgia, the company offers a broad assortment of upholstered furniture, case goods, mattresses, area rugs and decorative accessories. Customers can shop through a network of company-owned showrooms as well as an e-commerce platform, supported by in-house design services, delivery options and consumer financing programs.

Over more than a century of operation, Havertys has expanded its presence primarily across the Southeast and select markets beyond.