Universal Beteiligungs und Servicegesellschaft mbH Cuts Holdings in Haverty Furniture Companies, Inc. (NYSE:HVT)

Universal Beteiligungs und Servicegesellschaft mbH decreased its holdings in Haverty Furniture Companies, Inc. (NYSE:HVT) by 20.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,600 shares of the company’s stock after selling 14,946 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.37% of Haverty Furniture Companies worth $1,175,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Pzena Investment Management LLC grew its stake in shares of Haverty Furniture Companies by 0.4% in the first quarter. Pzena Investment Management LLC now owns 966,081 shares of the company’s stock worth $19,051,000 after acquiring an additional 3,979 shares during the period. CWM LLC boosted its holdings in Haverty Furniture Companies by 163.0% in the first quarter. CWM LLC now owns 4,645 shares of the company’s stock worth $92,000 after purchasing an additional 2,879 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Haverty Furniture Companies by 509.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,736 shares of the company’s stock worth $74,000 after purchasing an additional 3,123 shares during the period. GAMMA Investing LLC grew its position in Haverty Furniture Companies by 4,637.0% in the 1st quarter. GAMMA Investing LLC now owns 4,358 shares of the company’s stock worth $860,000 after purchasing an additional 4,266 shares during the period. Finally, Public Employees Retirement System of Ohio raised its stake in Haverty Furniture Companies by 41.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 31,858 shares of the company’s stock valued at $709,000 after buying an additional 9,386 shares during the last quarter. Hedge funds and other institutional investors own 80.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HVT. Sidoti upgraded Haverty Furniture Companies to a “hold” rating in a research note on Tuesday, April 29th. Wall Street Zen downgraded Haverty Furniture Companies from a “buy” rating to a “hold” rating in a report on Saturday, July 5th.

Haverty Furniture Companies Stock Down 1.3%

Shares of NYSE:HVT opened at $20.37 on Friday. The stock has a market capitalization of $328.98 million, a PE ratio of 17.71, a price-to-earnings-growth ratio of 1.49 and a beta of 1.42. The firm’s 50 day moving average price is $20.85 and its 200-day moving average price is $20.73. Haverty Furniture Companies, Inc. has a twelve month low of $17.01 and a twelve month high of $29.59.

Haverty Furniture Companies (NYSE:HVT) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. The business had revenue of $181.03 million for the quarter, compared to the consensus estimate of $177.11 million. Haverty Furniture Companies had a net margin of 2.71% and a return on equity of 6.39%. Analysts expect 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 announced a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Monday, June 2nd were given a dividend of $0.32 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.28 annualized dividend and a yield of 6.3%. Haverty Furniture Companies’s payout ratio is 101.59%.

Insiders Place Their Bets

In other Haverty Furniture Companies news, Director Rawson Haverty, Jr. sold 1,500 shares of the company’s stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $20.67, for a total value of $31,005.00. Following the completion of the sale, the director owned 38,023 shares in the company, valued at $785,935.41. This represents a 3.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 8.63% of the company’s stock.

About Haverty Furniture Companies

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.