Millennium Management LLC Cuts Stock Position in Haverty Furniture Companies, Inc. (NYSE:HVT)

Millennium Management LLC lessened its stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 79.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 66,613 shares of the company’s stock after selling 254,287 shares during the period. Millennium Management LLC owned approximately 0.41% of Haverty Furniture Companies worth $1,483,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new stake in Haverty Furniture Companies in the 4th quarter valued at about $56,000. US Bancorp DE boosted its holdings in Haverty Furniture Companies by 30.9% in the fourth quarter. US Bancorp DE now owns 5,184 shares of the company’s stock worth $115,000 after acquiring an additional 1,224 shares in the last quarter. Walleye Capital LLC acquired a new stake in shares of Haverty Furniture Companies during the fourth quarter worth $242,000. Wells Fargo & Company MN increased its holdings in shares of Haverty Furniture Companies by 20.9% in the fourth quarter. Wells Fargo & Company MN now owns 11,558 shares of the company’s stock valued at $257,000 after purchasing an additional 1,997 shares during the period. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Haverty Furniture Companies in the 4th quarter valued at $285,000. 80.57% of the stock is currently owned by institutional investors.

Haverty Furniture Companies Price Performance

NYSE HVT opened at $19.76 on Wednesday. The stock’s 50 day simple moving average is $19.28 and its 200-day simple moving average is $21.25. The company has a market cap of $319.10 million, a PE ratio of 12.42, a price-to-earnings-growth ratio of 1.15 and a beta of 1.41. Haverty Furniture Companies, Inc. has a 1-year low of $17.01 and a 1-year high of $29.85.

Haverty Furniture Companies (NYSE:HVT) last announced 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 net margin of 3.57% and a return on equity of 8.69%. The company had revenue of $181.60 million for the quarter, compared to analysts’ expectations of $178.36 million. On average, equities research analysts anticipate that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current fiscal year.

Haverty Furniture Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Monday, June 2nd will be given a dividend of $0.32 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 6.48%. Haverty Furniture Companies’s payout ratio is presently 101.59%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HVT. Sidoti raised shares of Haverty Furniture Companies to a “hold” rating in a report on Tuesday, April 29th. Wall Street Zen raised shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating in a research note 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.