Royce & Associates LP Decreases Holdings in Haverty Furniture Companies, Inc. (HVT)
Royce & Associates LP lowered its stake in Haverty Furniture Companies, Inc. (NYSE:HVT) by 12.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 973,900 shares of the company’s stock after selling 142,300 shares during the period. Royce & Associates LP owned approximately 4.59% of Haverty Furniture Companies worth $25,467,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in shares of Haverty Furniture Companies by 2.6% during the second quarter. Renaissance Technologies LLC now owns 1,437,300 shares of the company’s stock valued at $36,076,000 after buying an additional 36,200 shares during the last quarter. Vanguard Group Inc. grew its position in Haverty Furniture Companies by 3.5% in the second quarter. Vanguard Group Inc. now owns 966,372 shares of the company’s stock valued at $24,256,000 after purchasing an additional 32,256 shares in the last quarter. State Street Corp grew its position in Haverty Furniture Companies by 1.8% in the second quarter. State Street Corp now owns 477,841 shares of the company’s stock valued at $12,002,000 after purchasing an additional 8,400 shares in the last quarter. Bank of New York Mellon Corp grew its position in Haverty Furniture Companies by 5.7% in the third quarter. Bank of New York Mellon Corp now owns 342,723 shares of the company’s stock valued at $8,962,000 after purchasing an additional 18,505 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Haverty Furniture Companies by 2.5% in the 2nd quarter. Principal Financial Group Inc. now owns 150,454 shares of the company’s stock valued at $3,776,000 after acquiring an additional 3,729 shares during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.
Separately, Zacks Investment Research raised Haverty Furniture Companies from a “sell” rating to a “hold” rating in a research report on Wednesday.
Haverty Furniture Companies (NYSE:HVT) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.04. Haverty Furniture Companies had a return on equity of 10.10% and a net margin of 3.53%. The business had revenue of $207.60 million during the quarter, compared to the consensus estimate of $215.32 million. During the same period last year, the firm earned $0.34 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. research analysts expect that Haverty Furniture Companies, Inc. will post 1.19 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Wednesday, November 22nd were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, November 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.50%. Haverty Furniture Companies’s payout ratio is 44.12%.
In other Haverty Furniture Companies news, Director Fred L. Schuermann sold 1,950 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $23.15, for a total transaction of $45,142.50. Following the completion of the sale, the director now directly owns 3 shares in the company, valued at approximately $69.45. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 10.31% of the stock is currently owned by insiders.
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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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