Invesco Ltd. Has $943,000 Holdings in Haverty Furniture Companies, Inc. $HVT

Invesco Ltd. cut its position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 8.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 47,839 shares of the company’s stock after selling 4,599 shares during the quarter. Invesco Ltd. owned 0.30% of Haverty Furniture Companies worth $943,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jacobs Levy Equity Management Inc. boosted its position in Haverty Furniture Companies by 35.2% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 301,683 shares of the company’s stock valued at $6,715,000 after purchasing an additional 78,553 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Haverty Furniture Companies during the 4th quarter worth approximately $1,659,000. D. E. Shaw & Co. Inc. boosted its holdings in shares of Haverty Furniture Companies by 115.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 100,212 shares of the company’s stock valued at $2,231,000 after buying an additional 53,643 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Haverty Furniture Companies by 38.1% in the 4th quarter. Ameriprise Financial Inc. now owns 145,764 shares of the company’s stock valued at $3,245,000 after buying an additional 40,218 shares during the last quarter. Finally, Graham Capital Management L.P. bought a new position in shares of Haverty Furniture Companies in the fourth quarter valued at $560,000. Institutional investors and hedge funds own 80.57% of the company’s stock.

Insiders Place Their Bets

In other Haverty Furniture Companies news, Director Rawson Haverty, Jr. sold 15,000 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $22.84, for a total transaction of $342,600.00. Following the completion of the transaction, the director owned 29,523 shares in the company, valued at $674,305.32. This trade represents a 33.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 8.63% of the company’s stock.

Haverty Furniture Companies Price Performance

Shares of NYSE:HVT opened at $22.43 on Wednesday. The business’s 50 day simple moving average is $21.76 and its 200 day simple moving average is $20.70. Haverty Furniture Companies, Inc. has a 1 year low of $17.01 and a 1 year high of $28.53. The company has a market capitalization of $364.85 million, a P/E ratio of 19.50, a P/E/G ratio of 1.65 and a beta of 1.24.

Haverty Furniture Companies (NYSE:HVT) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. Haverty Furniture Companies had a net margin of 2.71% and a return on equity of 6.39%. The business had revenue of $181.03 million during the quarter, compared to the consensus estimate of $177.11 million. On average, sell-side 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 Wednesday, September 10th. Investors of record on Monday, August 25th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date is Monday, August 25th. Haverty Furniture Companies’s dividend payout ratio (DPR) is 111.30%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Haverty Furniture Companies 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.