Kanen Wealth Management LLC Increases Position in Haverty Furniture Companies, Inc. (NYSE:HVT)

Kanen Wealth Management LLC boosted its position in Haverty Furniture Companies, Inc. (NYSE:HVT) by 266.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 213,477 shares of the company’s stock after acquiring an additional 155,273 shares during the period. Haverty Furniture Companies comprises approximately 1.8% of Kanen Wealth Management LLC’s holdings, making the stock its 12th biggest holding. Kanen Wealth Management LLC owned 1.30% of Haverty Furniture Companies worth $4,752,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Point72 DIFC Ltd acquired a new position in shares of Haverty Furniture Companies during the 3rd quarter valued at about $70,000. Wilmington Savings Fund Society FSB purchased a new stake in Haverty Furniture Companies in the third quarter valued at approximately $88,000. US Bancorp DE acquired a new position in Haverty Furniture Companies during the third quarter worth approximately $109,000. Harbor Capital Advisors Inc. raised its stake in Haverty Furniture Companies by 8.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 6,813 shares of the company’s stock worth $152,000 after purchasing an additional 548 shares during the period. Finally, Quest Partners LLC acquired a new position in shares of Haverty Furniture Companies in the 3rd quarter valued at $185,000. 80.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Haverty Furniture Companies Stock Performance

Shares of NYSE:HVT opened at $22.32 on Monday. The stock has a 50-day simple moving average of $22.65 and a 200-day simple moving average of $24.97. The stock has a market capitalization of $366.32 million, a P/E ratio of 14.04, a PEG ratio of 0.96 and a beta of 1.48. Haverty Furniture Companies, Inc. has a 1 year low of $21.05 and a 1 year high of $37.05.

Haverty Furniture Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, November 26th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $1.28 annualized dividend and a yield of 5.73%. Haverty Furniture Companies’s dividend payout ratio is currently 80.50%.

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.