Aviva PLC Acquires 10,762 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

Aviva PLC raised its holdings in Haverty Furniture Companies, Inc. (NYSE:HVT) by 33.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,194 shares of the company’s stock after buying an additional 10,762 shares during the quarter. Aviva PLC’s holdings in Haverty Furniture Companies were worth $1,378,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Legal & General Group Plc increased its position in Haverty Furniture Companies by 1.0% during the 4th quarter. Legal & General Group Plc now owns 34,572 shares of the company’s stock valued at $1,034,000 after purchasing an additional 333 shares during the period. Victory Capital Management Inc. increased its position in shares of Haverty Furniture Companies by 5.6% during the first quarter. Victory Capital Management Inc. now owns 8,759 shares of the company’s stock valued at $280,000 after buying an additional 462 shares during the period. Credit Suisse AG raised its stake in Haverty Furniture Companies by 4.4% in the third quarter. Credit Suisse AG now owns 11,419 shares of the company’s stock worth $284,000 after buying an additional 484 shares in the last quarter. Advisor Group Holdings Inc. lifted its holdings in Haverty Furniture Companies by 75.2% in the fourth quarter. Advisor Group Holdings Inc. now owns 1,142 shares of the company’s stock worth $34,000 after buying an additional 490 shares during the period. Finally, Yousif Capital Management LLC boosted its position in Haverty Furniture Companies by 3.7% during the 1st quarter. Yousif Capital Management LLC now owns 13,998 shares of the company’s stock valued at $384,000 after acquiring an additional 505 shares in the last quarter. 80.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Vicki R. Palmer sold 25,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $31.16, for a total value of $779,000.00. Following the completion of the transaction, the director now owns 33,237 shares in the company, valued at $1,035,664.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.89% of the stock is currently owned by company insiders.

Haverty Furniture Companies Stock Performance

Shares of NYSE HVT opened at $29.55 on Friday. The company has a 50 day simple moving average of $32.44 and a two-hundred day simple moving average of $31.00. Haverty Furniture Companies, Inc. has a fifty-two week low of $24.79 and a fifty-two week high of $38.85. The company has a market capitalization of $483.73 million, a price-to-earnings ratio of 6.89 and a beta of 1.44.

Haverty Furniture Companies (NYSE:HVT) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.09). Haverty Furniture Companies had a net margin of 7.35% and a return on equity of 24.67%. The company had revenue of $206.29 million for the quarter, compared to the consensus estimate of $226.60 million. On average, analysts forecast that Haverty Furniture Companies, Inc. will post 3.74 earnings per share for the current fiscal year.

Haverty Furniture Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Monday, August 28th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.06%. The ex-dividend date is Friday, August 25th. Haverty Furniture Companies’s dividend payout ratio is presently 27.97%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Benchmark restated a “buy” rating and issued a $41.00 target price on shares of Haverty Furniture Companies in a research note on Wednesday, August 2nd. StockNews.com initiated coverage on Haverty Furniture Companies in a research report on Thursday, August 17th. They set a “buy” rating for the company.

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, as well as private label Skye name.