New York State Teachers Retirement System Cuts Stock Holdings in Haverty Furniture Companies, Inc. (NYSE:HVT)

New York State Teachers Retirement System decreased its stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 3.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 29,030 shares of the company’s stock after selling 1,047 shares during the period. New York State Teachers Retirement System’s holdings in Haverty Furniture Companies were worth $1,031,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Haverty Furniture Companies by 13.5% during the first quarter. BlackRock Inc. now owns 3,101,540 shares of the company’s stock valued at $85,045,000 after buying an additional 369,931 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Haverty Furniture Companies by 2.9% during the first quarter. Vanguard Group Inc. now owns 1,157,724 shares of the company’s stock valued at $31,746,000 after buying an additional 32,904 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Haverty Furniture Companies by 7.7% during the first quarter. Renaissance Technologies LLC now owns 903,006 shares of the company’s stock valued at $28,815,000 after buying an additional 64,600 shares during the last quarter. State Street Corp boosted its position in shares of Haverty Furniture Companies by 12.0% during the first quarter. State Street Corp now owns 654,090 shares of the company’s stock valued at $17,935,000 after buying an additional 70,246 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Haverty Furniture Companies by 1,267.8% during the first quarter. First Trust Advisors LP now owns 334,971 shares of the company’s stock valued at $9,185,000 after buying an additional 310,481 shares during the last quarter. Hedge funds and other institutional investors own 80.57% of the company’s stock.

Haverty Furniture Companies Trading Down 0.5 %

HVT stock opened at $30.28 on Thursday. The stock’s fifty day simple moving average is $33.09 and its two-hundred day simple moving average is $32.27. Haverty Furniture Companies, Inc. has a 1-year low of $25.05 and a 1-year high of $37.05. The stock has a market cap of $489.02 million, a P/E ratio of 9.04, a P/E/G ratio of 1.04 and a beta of 1.53.

Haverty Furniture Companies (NYSE:HVT) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.06). Haverty Furniture Companies had a return on equity of 18.36% and a net margin of 6.53%. The business had revenue of $210.74 million during the quarter, compared to analysts’ expectations of $230.06 million. As a group, analysts forecast that Haverty Furniture Companies, Inc. will post 2.45 earnings per share for the current fiscal year.

Haverty Furniture Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Monday, March 11th were given a $0.30 dividend. The ex-dividend date was Friday, March 8th. This represents a $1.20 annualized dividend and a yield of 3.96%. Haverty Furniture Companies’s dividend payout ratio is currently 35.82%.

Analysts Set New Price Targets

Separately, StockNews.com cut Haverty Furniture Companies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 6th.

Haverty Furniture Companies 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.