Bank of Montreal Can boosted its stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 83.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,420 shares of the company’s stock after buying an additional 7,481 shares during the period. Bank of Montreal Can owned about 0.08% of Haverty Furniture Companies worth $412,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of HVT. Renaissance Technologies LLC boosted its position in shares of Haverty Furniture Companies by 2.6% in the first quarter. Renaissance Technologies LLC now owns 1,401,100 shares of the company’s stock valued at $34,117,000 after buying an additional 35,600 shares in the last quarter. LSV Asset Management boosted its position in shares of 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. Vanguard Group Inc. boosted its position in shares of 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. Bank of New York Mellon Corp boosted its position in shares of Haverty Furniture Companies by 5.9% in the first quarter. Bank of New York Mellon Corp now owns 318,730 shares of the company’s stock valued at $7,761,000 after buying an additional 17,674 shares in the last quarter. Finally, Thrivent Financial For Lutherans boosted its position in shares of Haverty Furniture Companies by 0.5% in the first quarter. Thrivent Financial For Lutherans now owns 183,397 shares of the company’s stock valued at $4,466,000 after buying an additional 830 shares in the last quarter. 79.06% of the stock is owned by institutional investors.

Shares of Haverty Furniture Companies, Inc. (HVT) traded down 1.06% during midday trading on Tuesday, reaching $23.25. 13,331 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $23.27 and its 200 day moving average price is $23.75. The firm has a market capitalization of $493.32 million, a PE ratio of 16.41 and a beta of 1.11. Haverty Furniture Companies, Inc. has a one year low of $16.57 and a one year high of $26.30.

Haverty Furniture Companies (NYSE:HVT) last issued its quarterly earnings results on Monday, July 31st. The company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.10. Haverty Furniture Companies had a return on equity of 10.58% and a net margin of 3.67%. The firm had revenue of $196.80 million during the quarter, compared to analysts’ expectations of $199.03 million. During the same period in the previous year, the business earned $0.24 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities research analysts expect that Haverty Furniture Companies, Inc. will post $1.28 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Wednesday, August 23rd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.55%. This is a boost from Haverty Furniture Companies’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, August 21st. Haverty Furniture Companies’s payout ratio is presently 42.25%.

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HVT has been the subject of several recent analyst reports. ValuEngine raised shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Wednesday, June 21st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $28.00.

In related news, insider Rawson Haverty, Jr. sold 1,964 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $23.52, for a total transaction of $46,193.28. Following the completion of the sale, the insider now directly owns 400 shares in the company, valued at $9,408. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.31% of the stock is currently owned by insiders.

Haverty Furniture Companies Company Profile

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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Institutional Ownership by Quarter for Haverty Furniture Companies (NYSE:HVT)

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