Haverty Furniture Companies, Inc. (NYSE:HVT) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its position in Haverty Furniture Companies, Inc. (NYSE:HVT) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 722,706 shares of the company’s stock after selling 68,900 shares during the quarter. Renaissance Technologies LLC owned 4.40% of Haverty Furniture Companies worth $16,087,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in HVT. Harbor Capital Advisors Inc. increased its holdings in Haverty Furniture Companies by 8.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 6,813 shares of the company’s stock valued at $152,000 after acquiring an additional 548 shares in the last quarter. US Bancorp DE grew its position in shares of Haverty Furniture Companies by 30.9% in the fourth quarter. US Bancorp DE now owns 5,184 shares of the company’s stock valued at $115,000 after purchasing an additional 1,224 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Haverty Furniture Companies by 20.9% during the 4th quarter. Wells Fargo & Company MN now owns 11,558 shares of the company’s stock worth $257,000 after purchasing an additional 1,997 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of Haverty Furniture Companies by 22.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 13,349 shares of the company’s stock worth $297,000 after purchasing an additional 2,426 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in Haverty Furniture Companies in the 4th quarter valued at approximately $56,000. Institutional investors and hedge funds own 80.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Haverty Furniture Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, March 19th.

Haverty Furniture Companies Trading Down 1.8 %

Shares of HVT stock opened at $17.86 on Tuesday. The company has a market capitalization of $289.22 million, a price-to-earnings ratio of 11.23, a PEG ratio of 1.15 and a beta of 1.36. The firm has a 50-day moving average price of $20.88 and a 200 day moving average price of $22.47. Haverty Furniture Companies, Inc. has a twelve month low of $17.22 and a twelve month high of $33.04.

Haverty Furniture Companies (NYSE:HVT) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.30. Haverty Furniture Companies had a net margin of 3.57% and a return on equity of 8.69%. The business had revenue of $184.35 million during the quarter, compared to analyst estimates of $179.84 million. As a group, research analysts predict that Haverty Furniture Companies, Inc. will post 0.88 earnings per share for the current year.

Haverty Furniture Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Thursday, March 6th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 7.17%. The ex-dividend date was Thursday, March 6th. Haverty Furniture Companies’s dividend payout ratio is presently 109.40%.

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.