Sei Investments Co. continued to hold its stake in Haverty Furniture Companies, Inc. (NYSE:HVT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,200 shares of the company’s stock at the end of the second quarter. Sei Investments Co. owned approximately 0.44% of Haverty Furniture Companies worth $2,314,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. LSV Asset Management raised its stake in Haverty Furniture Companies by 24.6% in the first quarter. LSV Asset Management now owns 1,083,506 shares of the company’s stock valued at $26,383,000 after buying an additional 213,800 shares in the last quarter. James Investment Research Inc. acquired a new stake in Haverty Furniture Companies during the second quarter valued at about $1,512,000. Norges Bank acquired a new stake in Haverty Furniture Companies during the fourth quarter valued at about $1,322,000. Acadian Asset Management LLC raised its stake in Haverty Furniture Companies by 142.0% in the second quarter. Acadian Asset Management LLC now owns 82,675 shares of the company’s stock valued at $2,074,000 after buying an additional 48,514 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Haverty Furniture Companies by 4.0% in the first quarter. Vanguard Group Inc. now owns 934,116 shares of the company’s stock valued at $22,746,000 after buying an additional 35,606 shares in the last quarter. Hedge funds and other institutional investors own 78.14% of the company’s stock.
Haverty Furniture Companies, Inc. (HVT) opened at 23.40 on Friday. Haverty Furniture Companies, Inc. has a 52 week low of $16.57 and a 52 week high of $26.30. The stock’s 50 day moving average price is $23.29 and its 200-day moving average price is $23.73. The company has a market cap of $496.50 million, a price-to-earnings ratio of 16.51 and a beta of 1.11.
Haverty Furniture Companies (NYSE:HVT) last issued its quarterly earnings results on Monday, July 31st. The company reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.10. The business had revenue of $196.80 million for the quarter, compared to analysts’ expectations of $199.03 million. Haverty Furniture Companies had a net margin of 3.67% and a return on equity of 10.58%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 EPS. On average, equities research analysts forecast that Haverty Furniture Companies, Inc. will post $1.28 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 23rd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Monday, August 21st. This is a boost from Haverty Furniture Companies’s previous quarterly dividend of $0.12. Haverty Furniture Companies’s dividend payout ratio (DPR) is currently 42.25%.
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A number of equities analysts have recently weighed in on the company. Zacks Investment Research lowered Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research note on Monday, June 19th. ValuEngine upgraded Haverty Furniture Companies from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Haverty Furniture Companies presently has an average rating of “Hold” and an average target price of $28.00.
In other news, insider Rawson Haverty, Jr. sold 1,964 shares of Haverty Furniture Companies stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $23.52, for a total transaction of $46,193.28. Following the transaction, the insider now owns 400 shares in the company, valued at approximately $9,408. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 10.31% of the company’s stock.
About Haverty Furniture Companies
Haverty Furniture Companies, Inc is a retailer of residential furniture and accessories. The Company sells home furnishings in its retail stores and through its Website, havertys.com. As of December 31, 2016, the Company had 124 stores in 16 states in the Southern and Midwest regions. As of December 31, 2016, the Company’s retail store space totaled approximately 4.5 million square feet for 124 stores.
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