Haverty Furniture Companies, Inc. $HVT Holdings Reduced by Pzena Investment Management LLC

Pzena Investment Management LLC lowered its position in Haverty Furniture Companies, Inc. (NYSE:HVT) by 2.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,520,237 shares of the company’s stock after selling 43,214 shares during the quarter. Pzena Investment Management LLC owned 0.10% of Haverty Furniture Companies worth $42,065,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in HVT. Tectonic Advisors LLC raised its position in shares of Haverty Furniture Companies by 27.2% in the 3rd quarter. Tectonic Advisors LLC now owns 79,791 shares of the company’s stock valued at $2,208,000 after purchasing an additional 17,053 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Haverty Furniture Companies by 41.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 2,759 shares of the company’s stock worth $75,000 after purchasing an additional 809 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Haverty Furniture Companies by 84.4% in the third quarter. Farther Finance Advisors LLC now owns 1,252 shares of the company’s stock worth $35,000 after buying an additional 573 shares during the period. Engineers Gate Manager LP raised its stake in Haverty Furniture Companies by 121.1% during the 2nd quarter. Engineers Gate Manager LP now owns 22,858 shares of the company’s stock valued at $584,000 after purchasing an additional 12,518 shares during the period. Finally, Odyssean LLC acquired a new stake in shares of Haverty Furniture Companies during the second quarter worth approximately $422,000. 80.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on HVT. Weiss Ratings raised shares of Haverty Furniture Companies from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 18th. Wall Street Zen raised Haverty Furniture Companies from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Two investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Insiders Place Their Bets

In other Haverty Furniture Companies news, Chairman Clarence Smith sold 20,991 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $28.16, for a total value of $591,106.56. Following the completion of the transaction, the chairman directly owned 71,705 shares of the company’s stock, valued at approximately $2,019,212.80. The trade was a 22.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.40% of the company’s stock.

Haverty Furniture Companies Trading Down 1.0%

Shares of NYSE HVT opened at $29.12 on Thursday. The firm’s 50-day moving average is $28.01 and its 200-day moving average is $25.16. Haverty Furniture Companies, Inc. has a 1 year low of $20.10 and a 1 year high of $30.60. The firm has a market capitalization of $454.00 million, a PE ratio of 22.81, a price-to-earnings-growth ratio of 1.53 and a beta of 1.33.

Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.17). Haverty Furniture Companies had a net margin of 2.93% and a return on equity of 7.15%. The firm had revenue of $203.15 million during the quarter, compared to analyst estimates of $206.87 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. As a group, equities research analysts anticipate that Haverty Furniture Companies, Inc. will post 1.61 earnings per share for the current fiscal year.

Haverty Furniture Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Tuesday, August 25th were issued a dividend of $0.33 per share. The ex-dividend date was Tuesday, August 25th. This represents a $1.32 annualized dividend and a yield of 4.5%. Haverty Furniture Companies’s payout ratio is currently 97.06%.

Haverty Furniture Companies Company Profile

Haverty Furniture Companies, Inc is a specialty home-furnishings retailer that sells furniture and related products for living rooms, bedrooms, dining rooms, home offices and other areas of the home. Its merchandise includes sofas, chairs, tables, beds, mattresses, case goods, rugs, lighting and home accessories, with products offered through its retail stores and website.

Founded in Atlanta in 1885 by James Joseph Haverty, the company has grown from a regional furniture business into a multi-state retailer.