Short Interest in Haverty Furniture Companies, Inc. (NYSE:HVT) Expands By 14.7%

Haverty Furniture Companies, Inc. (NYSE:HVT) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 2,680,100 shares, a growth of 14.7% from the July 31st total of 2,336,800 shares. Currently, 16.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 139,700 shares, the short-interest ratio is currently 19.2 days.

HVT has been the topic of a number of recent analyst reports. TheStreet lowered Haverty Furniture Companies from a “b-” rating to a “c+” rating in a research report on Friday, May 31st. ValuEngine upgraded Haverty Furniture Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, August 13th. Finally, Zacks Investment Research lowered Haverty Furniture Companies from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd.

Shares of NYSE:HVT traded up $0.01 during midday trading on Friday, reaching $20.64. 1,851 shares of the company’s stock traded hands, compared to its average volume of 121,999. Haverty Furniture Companies has a 1 year low of $15.81 and a 1 year high of $25.09. The company has a market cap of $400.96 million, a P/E ratio of 14.54 and a beta of 0.92. The company has a fifty day simple moving average of $18.80 and a two-hundred day simple moving average of $19.92.



Haverty Furniture Companies (NYSE:HVT) last announced its earnings results on Tuesday, July 30th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Haverty Furniture Companies had a return on equity of 9.84% and a net margin of 3.44%. The firm had revenue of $191.90 million for the quarter, compared to analyst estimates of $194.32 million. During the same quarter last year, the firm posted $0.29 EPS. The business’s revenue was down 3.5% on a year-over-year basis. On average, sell-side analysts forecast that Haverty Furniture Companies will post 1.25 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th were given a dividend of $0.20 per share. This is a positive change from Haverty Furniture Companies’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, August 23rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.88%. Haverty Furniture Companies’s dividend payout ratio (DPR) is 56.34%.

Several large investors have recently made changes to their positions in HVT. Meeder Asset Management Inc. acquired a new position in Haverty Furniture Companies in the 2nd quarter valued at $29,000. Ladenburg Thalmann Financial Services Inc. acquired a new position in Haverty Furniture Companies in the 2nd quarter valued at $64,000. BNP Paribas Arbitrage SA raised its stake in Haverty Furniture Companies by 124.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,983 shares of the company’s stock valued at $87,000 after purchasing an additional 2,208 shares during the last quarter. Susquehanna International Group LLP acquired a new position in Haverty Furniture Companies in the 2nd quarter valued at $174,000. Finally, Pacer Advisors Inc. raised its stake in Haverty Furniture Companies by 33.8% in the 2nd quarter. Pacer Advisors Inc. now owns 11,380 shares of the company’s stock valued at $194,000 after purchasing an additional 2,877 shares during the last quarter. Hedge funds and other institutional investors own 89.24% of the company’s stock.

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, as well as mattress product lines under the Sealy, Tempur-Pedic, Serta, Stearns & Foster, and Beautyrest Black names.

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