Legal & General Group Plc raised its stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 6.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 35,320 shares of the company’s stock after purchasing an additional 2,097 shares during the period. Legal & General Group Plc owned 0.17% of Haverty Furniture Companies worth $885,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in HVT. Bank of New York Mellon Corp increased its position in Haverty Furniture Companies by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 324,218 shares of the company’s stock worth $8,137,000 after buying an additional 5,488 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Haverty Furniture Companies in the second quarter worth about $103,000. Wedge Capital Management L L P NC raised its stake in shares of Haverty Furniture Companies by 65.5% in the second quarter. Wedge Capital Management L L P NC now owns 40,950 shares of the company’s stock worth $1,028,000 after buying an additional 16,200 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Haverty Furniture Companies by 23.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 108,485 shares of the company’s stock worth $2,723,000 after buying an additional 20,882 shares during the period. Finally, Texas Permanent School Fund raised its stake in shares of Haverty Furniture Companies by 0.9% in the second quarter. Texas Permanent School Fund now owns 14,105 shares of the company’s stock worth $354,000 after buying an additional 129 shares during the period. 79.06% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Legal & General Group Plc Buys 2,097 Shares of Haverty Furniture Companies, Inc. (HVT)” was first posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another domain, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The legal version of this story can be accessed at https://www.watchlistnews.com/legal-general-group-plc-buys-2097-shares-of-haverty-furniture-companies-inc-hvt/1604491.html.

In other news, insider Rawson Haverty, Jr. sold 1,391 shares of Haverty Furniture Companies stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $23.83, for a total transaction of $33,147.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.31% of the stock is owned by company insiders.

Haverty Furniture Companies, Inc. (NYSE:HVT) opened at 26.90 on Tuesday. The stock has a market cap of $570.76 million, a P/E ratio of 18.98 and a beta of 1.07. The firm’s 50-day moving average is $24.50 and its 200 day moving average is $24.09. Haverty Furniture Companies, Inc. has a one year low of $16.57 and a one year high of $26.95.

Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings results on Monday, July 31st. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $196.80 million during the quarter, compared to the consensus estimate of $199.03 million. During the same period in the previous year, the company posted $0.24 earnings per share. Haverty Furniture Companies’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, analysts anticipate that Haverty Furniture Companies, Inc. will post $1.28 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Wednesday, August 23rd were paid a dividend of $0.15 per share. This is a boost from Haverty Furniture Companies’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, August 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.23%. Haverty Furniture Companies’s dividend payout ratio (DPR) is presently 42.25%.

Separately, Zacks Investment Research cut Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Haverty Furniture Companies currently has an average rating of “Hold” and an average target price of $28.00.

Haverty Furniture Companies 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.

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

Receive News & Ratings for Haverty Furniture Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Haverty Furniture Companies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.