Haverty Furniture Companies, Inc. $HVT Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its stake in Haverty Furniture Companies, Inc. (NYSE:HVT) by 1,929.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,522 shares of the company’s stock after acquiring an additional 1,447 shares during the period. PNC Financial Services Group Inc.’s holdings in Haverty Furniture Companies were worth $30,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. GSA Capital Partners LLP raised its stake in Haverty Furniture Companies by 59.7% in the first quarter. GSA Capital Partners LLP now owns 39,209 shares of the company’s stock valued at $773,000 after buying an additional 14,657 shares in the last quarter. Pzena Investment Management LLC raised its stake in Haverty Furniture Companies by 0.4% in the first quarter. Pzena Investment Management LLC now owns 966,081 shares of the company’s stock valued at $19,051,000 after buying an additional 3,979 shares in the last quarter. CWM LLC raised its stake in Haverty Furniture Companies by 163.0% in the first quarter. CWM LLC now owns 4,645 shares of the company’s stock valued at $92,000 after buying an additional 2,879 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Haverty Furniture Companies by 509.5% in the first quarter. Nisa Investment Advisors LLC now owns 3,736 shares of the company’s stock valued at $74,000 after buying an additional 3,123 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Haverty Furniture Companies by 4,637.0% in the first quarter. GAMMA Investing LLC now owns 4,358 shares of the company’s stock valued at $860,000 after buying an additional 4,266 shares in the last quarter. 80.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wall Street Zen cut Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Sidoti upgraded Haverty Furniture Companies to a “hold” rating in a research note on Tuesday, April 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Insider Transactions at Haverty Furniture Companies

In related news, Director Rawson Haverty, Jr. sold 1,500 shares of the business’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 transaction, the director owned 38,023 shares in the company, valued at $785,935.41. The trade was a 3.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 8.63% of the stock is owned by company insiders.

Haverty Furniture Companies Stock Performance

HVT opened at $23.3160 on Friday. Haverty Furniture Companies, Inc. has a one year low of $17.01 and a one year high of $28.53. The business’s 50-day simple moving average is $21.39 and its 200-day simple moving average is $20.67. The stock has a market capitalization of $379.35 million, a P/E ratio of 20.27, a price-to-earnings-growth ratio of 1.63 and a beta of 1.42.

Haverty Furniture Companies (NYSE:HVT) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The firm had revenue of $181.03 million for the quarter, compared to analysts’ expectations of $177.11 million. Haverty Furniture Companies had a return on equity of 6.39% and a net margin of 2.71%. On average, equities research analysts forecast that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current fiscal year.

Haverty Furniture Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 25th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 5.5%. The ex-dividend date is Monday, August 25th. Haverty Furniture Companies’s payout ratio is 111.30%.

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.