Vanguard Group Inc. Lowers Stock Holdings in Haverty Furniture Companies, Inc. (NYSE:HVT)

Vanguard Group Inc. cut its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 951,427 shares of the company’s stock after selling 19,078 shares during the period. Vanguard Group Inc. owned about 5.80% of Haverty Furniture Companies worth $21,179,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in HVT. Pzena Investment Management LLC grew its position in shares of Haverty Furniture Companies by 33.7% during the fourth quarter. Pzena Investment Management LLC now owns 962,102 shares of the company’s stock worth $21,416,000 after buying an additional 242,465 shares in the last quarter. Kanen Wealth Management LLC lifted its stake in Haverty Furniture Companies by 266.8% in the fourth quarter. Kanen Wealth Management LLC now owns 213,477 shares of the company’s stock worth $4,752,000 after acquiring an additional 155,273 shares during the last quarter. American Century Companies Inc. grew its holdings in Haverty Furniture Companies by 9.8% during the 4th quarter. American Century Companies Inc. now owns 404,318 shares of the company’s stock worth $9,000,000 after acquiring an additional 36,086 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Haverty Furniture Companies by 20.5% during the 4th quarter. Bank of New York Mellon Corp now owns 208,835 shares of the company’s stock worth $4,649,000 after acquiring an additional 35,511 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in shares of Haverty Furniture Companies in the 4th quarter valued at approximately $587,000. Institutional investors and hedge funds own 80.57% of the company’s stock.

Haverty Furniture Companies Stock Down 2.8 %

Shares of NYSE HVT opened at $17.36 on Wednesday. The stock has a market capitalization of $281.11 million, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. The firm has a 50-day moving average price of $20.78 and a 200 day moving average price of $22.44. Haverty Furniture Companies, Inc. has a 52 week low of $17.22 and a 52 week high of $33.04.

Haverty Furniture Companies (NYSE:HVT) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.30. Haverty Furniture Companies had a net margin of 3.57% and a return on equity of 8.69%. The business had revenue of $184.35 million during the quarter, compared to analysts’ expectations of $179.84 million. Equities research analysts expect that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current fiscal year.

Haverty Furniture Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Thursday, March 6th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 7.37%. The ex-dividend date was Thursday, March 6th. Haverty Furniture Companies’s dividend payout ratio is currently 109.40%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating in a report on Wednesday, March 19th.

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.