5 Undervalued Cyclical Stocks for 2021

2. Haverty Furniture Companies, Inc. (NYSE: HVT)

Number of Hedge Fund Holders: 15

Haverty Furniture Companies, Inc. (NYSE: HVT) is a Georgia-based retail furniture company. It offers upholstery products and eclectic looks, as well as mattress products. The company operates through retailers, third-party sellers and has an online presence as well. It runs more than 100 shops in different US states. The company was founded in 1885 and is placed second on our list of 12 undervalued cyclical stocks for 2021.

Haverty Furniture Companies, Inc. (NYSE: HVT) declared a quarterly dividend of $0.22 per share on February 22, in line with estimates. The company has reported strong growth in the last two quarters and will benefit as the economy reopens and spending on retail increases. 

At the end of the fourth quarter of 2020, 15 hedge funds in the database of Insider Monkey held stakes worth $68 million in the firm, up from 14 in the preceding quarter worth $52 million.