OxFORD Asset Management LLP lowered its position in Haverty Furniture Companies, Inc. (NYSE:HVT) by 6.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,932 shares of the company’s stock after selling 3,250 shares during the period. OxFORD Asset Management LLP owned about 0.21% of Haverty Furniture Companies worth $1,166,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. AJO LP bought a new stake in Haverty Furniture Companies during the second quarter valued at about $3,482,000. Systematic Financial Management LP bought a new stake in Haverty Furniture Companies during the second quarter valued at about $1,314,000. Victory Capital Management Inc. grew its holdings in Haverty Furniture Companies by 230.4% during the third quarter. Victory Capital Management Inc. now owns 69,379 shares of the company’s stock valued at $1,814,000 after purchasing an additional 48,379 shares during the period. Renaissance Technologies LLC grew its holdings in 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 purchasing an additional 36,200 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Haverty Furniture Companies by 4.0% during the first quarter. Vanguard Group Inc. now owns 934,116 shares of the company’s stock valued at $22,746,000 after purchasing an additional 35,606 shares during the period. 80.64% of the stock is owned by institutional investors.
In other news, insider Rawson Haverty, Jr. sold 23,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $23.30, for a total value of $535,900.00. Following the transaction, the insider now directly owns 82,331 shares in the company, valued at $1,918,312.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Fred L. Schuermann sold 1,950 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $23.15, for a total value of $45,142.50. Following the completion of the transaction, the director now owns 3 shares in the company, valued at $69.45. The disclosure for this sale can be found here. Insiders sold 32,871 shares of company stock worth $769,483 over the last 90 days. Company insiders own 10.31% of the company’s stock.
Shares of Haverty Furniture Companies, Inc. (NYSE HVT) opened at $23.75 on Wednesday. Haverty Furniture Companies, Inc. has a fifty-two week low of $21.05 and a fifty-two week high of $27.23. The company has a current ratio of 2.17, a quick ratio of 1.16 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $511.38, a PE ratio of 17.72, a price-to-earnings-growth ratio of 4.52 and a beta of 1.13.
Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $215.32 million. During the same period in the previous year, the business earned $0.34 earnings per share. The business’s revenue was down 1.9% on a year-over-year basis. equities research analysts expect that Haverty Furniture Companies, Inc. will post 1.19 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Wednesday, November 22nd were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $0.60 annualized dividend and a dividend yield of 2.53%. Haverty Furniture Companies’s payout ratio is 44.12%.
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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