BNP Paribas Financial Markets Decreases Stake in Haverty Furniture Companies, Inc. (NYSE:HVT)

BNP Paribas Financial Markets trimmed its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 11.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,020 shares of the company’s stock after selling 2,462 shares during the quarter. BNP Paribas Financial Markets owned 0.12% of Haverty Furniture Companies worth $423,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Pzena Investment Management LLC increased its stake in Haverty Furniture Companies by 33.7% in the fourth quarter. Pzena Investment Management LLC now owns 962,102 shares of the company’s stock worth $21,416,000 after purchasing an additional 242,465 shares during the period. American Century Companies Inc. increased its holdings in shares of Haverty Furniture Companies by 9.8% during the fourth quarter. American Century Companies Inc. now owns 404,318 shares of the company’s stock valued at $9,000,000 after acquiring an additional 36,086 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Haverty Furniture Companies by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 326,221 shares of the company’s stock worth $7,263,000 after buying an additional 5,107 shares during the period. Bank of New York Mellon Corp grew its stake 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 valued at $4,649,000 after purchasing an additional 35,511 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in Haverty Furniture Companies by 15.3% in the 4th quarter. Franklin Resources Inc. now owns 147,064 shares of the company’s stock worth $3,274,000 after buying an additional 19,546 shares during the period. Institutional investors own 80.57% of the company’s stock.

Haverty Furniture Companies Stock Down 0.9%

NYSE:HVT opened at $20.28 on Monday. The stock’s fifty day moving average is $19.34 and its two-hundred day moving average is $21.34. Haverty Furniture Companies, Inc. has a 52 week low of $17.01 and a 52 week high of $29.85. The company has a market capitalization of $327.63 million, a P/E ratio of 12.76, a P/E/G ratio of 1.15 and a beta of 1.41.

Haverty Furniture Companies (NYSE:HVT) last posted its earnings results on Wednesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $178.36 million. Sell-side analysts anticipate that Haverty Furniture Companies, Inc. will post 0.88 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 Tuesday, June 17th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.32 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.28 annualized dividend and a yield of 6.31%. Haverty Furniture Companies’s dividend payout ratio (DPR) is 101.59%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HVT. Sidoti raised 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 research report on Thursday, May 8th.

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.