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

Pzena Investment Management LLC decreased its position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,458,459 shares of the company’s stock after selling 99,999 shares during the period. Pzena Investment Management LLC owned 0.09% of Haverty Furniture Companies worth $34,070,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of HVT. Raymond James Financial Inc. acquired a new stake in Haverty Furniture Companies during the second quarter valued at $31,000. State of Alaska Department of Revenue acquired a new stake in Haverty Furniture Companies during the fourth quarter valued at $45,000. State of Wyoming acquired a new stake in Haverty Furniture Companies during the second quarter valued at $58,000. CWM LLC boosted its position in Haverty Furniture Companies by 74.8% during the fourth quarter. CWM LLC now owns 5,940 shares of the company’s stock valued at $139,000 after purchasing an additional 2,541 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Haverty Furniture Companies by 7.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,898 shares of the company’s stock valued at $175,000 after purchasing an additional 651 shares during the last quarter. Institutional investors and hedge funds own 80.57% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on HVT shares. Zacks Research raised Haverty Furniture Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen cut Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings cut Haverty Furniture Companies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, Haverty Furniture Companies presently has a consensus rating of “Hold”.

Haverty Furniture Companies Price Performance

NYSE HVT opened at $22.30 on Friday. The firm has a market cap of $358.86 million, a PE ratio of 18.59, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. Haverty Furniture Companies, Inc. has a one year low of $19.32 and a one year high of $27.67. The stock’s 50 day simple moving average is $21.74 and its 200 day simple moving average is $23.54.

Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. The firm had revenue of $189.05 million for the quarter, compared to analyst estimates of $191.99 million. Haverty Furniture Companies had a return on equity of 6.60% and a net margin of 2.64%. As a group, equities analysts expect that Haverty Furniture Companies, Inc. will post 1.62 earnings per share for the current year.

Haverty Furniture Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Monday, June 1st will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Monday, June 1st. Haverty Furniture Companies’s dividend payout ratio (DPR) is currently 110.00%.

About Haverty Furniture Companies

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and home décor in the United States. Founded in 1885 by J.J. Haverty and headquartered in Atlanta, Georgia, the company offers a broad assortment of upholstered furniture, case goods, mattresses, area rugs and decorative accessories. Customers can shop through a network of company-owned showrooms as well as an e-commerce platform, supported by in-house design services, delivery options and consumer financing programs.

Over more than a century of operation, Havertys has expanded its presence primarily across the Southeast and select markets beyond.