Northern Trust Corp Cuts Stock Holdings in Haverty Furniture Companies, Inc. (NYSE:HVT)

Northern Trust Corp decreased its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 41.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 155,847 shares of the company’s stock after selling 111,830 shares during the quarter. Northern Trust Corp owned 0.95% of Haverty Furniture Companies worth $3,469,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of HVT. Syon Capital LLC purchased a new stake in shares of Haverty Furniture Companies during the fourth quarter valued at approximately $311,000. Hsbc Holdings PLC raised its holdings in shares of Haverty Furniture Companies by 78.8% during the fourth quarter. Hsbc Holdings PLC now owns 23,494 shares of the company’s stock valued at $522,000 after acquiring an additional 10,355 shares in the last quarter. Jump Financial LLC raised its holdings in shares of Haverty Furniture Companies by 38.6% during the fourth quarter. Jump Financial LLC now owns 18,290 shares of the company’s stock valued at $407,000 after acquiring an additional 5,097 shares in the last quarter. Walleye Capital LLC bought a new position in Haverty Furniture Companies in the fourth quarter worth $242,000. Finally, Barclays PLC raised its holdings in Haverty Furniture Companies by 44.0% in the fourth quarter. Barclays PLC now owns 53,330 shares of the company’s stock worth $1,188,000 after purchasing an additional 16,283 shares in the last quarter. Hedge funds and other institutional investors own 80.57% of the company’s stock.

Wall Street Analysts Forecast Growth

HVT has been the subject of a number of research reports. Sidoti upgraded Haverty Furniture Companies to a “hold” rating in a report on Tuesday, April 29th. Wall Street Zen upgraded Haverty Furniture Companies from a “hold” rating to a “buy” rating in a report on Thursday, May 8th.

Haverty Furniture Companies Stock Performance

Shares of NYSE:HVT opened at $20.28 on Friday. The stock has a market capitalization of $327.63 million, a price-to-earnings ratio of 12.76, a PEG ratio of 1.15 and a beta of 1.41. The stock’s 50-day simple moving average is $19.34 and its two-hundred day simple moving average is $21.37. Haverty Furniture Companies, Inc. has a 52-week low of $17.01 and a 52-week high of $29.85.

Haverty Furniture Companies (NYSE:HVT) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.09. Haverty Furniture Companies had a return on equity of 8.69% and a net margin of 3.57%. The firm had revenue of $181.60 million for the quarter, compared to analysts’ expectations of $178.36 million. As a group, equities analysts forecast that Haverty Furniture Companies, Inc. will post 0.88 earnings per share for the current fiscal year.

Haverty Furniture Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Monday, June 2nd will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 6.31%. The ex-dividend date is Monday, June 2nd. Haverty Furniture Companies’s payout ratio is 101.59%.

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.