Haverty Furniture Companies, Inc. (HVT) Stake Lessened by Two Sigma Advisers LP

Two Sigma Advisers LP lowered its position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 17.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,800 shares of the company’s stock after selling 5,488 shares during the quarter. Two Sigma Advisers LP owned 0.13% of Haverty Furniture Companies worth $503,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of Haverty Furniture Companies by 2.6% in the 3rd quarter. BlackRock Inc. now owns 2,757,576 shares of the company’s stock valued at $60,943,000 after purchasing an additional 69,169 shares during the last quarter. MetLife Investment Advisors LLC lifted its stake in shares of Haverty Furniture Companies by 44.0% in the 3rd quarter. MetLife Investment Advisors LLC now owns 14,959 shares of the company’s stock valued at $331,000 after purchasing an additional 4,568 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its stake in shares of Haverty Furniture Companies by 93.1% in the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 75,700 shares of the company’s stock valued at $1,673,000 after purchasing an additional 36,500 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Haverty Furniture Companies by 6.4% in the 3rd quarter. Legal & General Group Plc now owns 40,417 shares of the company’s stock valued at $887,000 after purchasing an additional 2,437 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Haverty Furniture Companies by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,124,571 shares of the company’s stock valued at $24,852,000 after purchasing an additional 26,333 shares during the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

HVT has been the topic of several recent analyst reports. Zacks Investment Research downgraded Haverty Furniture Companies from a “hold” rating to a “sell” rating in a report on Friday, January 18th. TheStreet upgraded Haverty Furniture Companies from a “c+” rating to a “b-” rating in a report on Thursday, February 14th.

In other Haverty Furniture Companies news, SVP Rawson Haverty, Jr. sold 4,257 shares of the firm’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $23.22, for a total transaction of $98,847.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Alfredo Trujillo sold 5,136 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $24.28, for a total value of $124,702.08. Following the transaction, the director now owns 15,665 shares in the company, valued at $380,346.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,438 shares of company stock worth $822,955. Company insiders own 9.27% of the company’s stock.

Shares of NYSE HVT opened at $24.19 on Friday. The company has a current ratio of 2.29, a quick ratio of 1.09 and a debt-to-equity ratio of 0.17. Haverty Furniture Companies, Inc. has a fifty-two week low of $17.70 and a fifty-two week high of $25.09. The company has a market capitalization of $497.59 million, a PE ratio of 17.04 and a beta of 0.81.

Haverty Furniture Companies (NYSE:HVT) last issued its quarterly earnings results on Tuesday, February 19th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.09. Haverty Furniture Companies had a return on equity of 10.51% and a net margin of 3.71%. The firm had revenue of $208.97 million for the quarter, compared to the consensus estimate of $199.91 million. During the same period in the prior year, the business posted $0.40 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities research analysts anticipate that Haverty Furniture Companies, Inc. will post 1.34 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th were issued a $0.18 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $0.72 annualized dividend and a dividend yield of 2.98%. Haverty Furniture Companies’s payout ratio is 50.70%.

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About Haverty Furniture Companies

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and accessories in the United States. The company offers furniture merchandise under the Havertys brand name. It also provides custom upholstery products, as well as mattress product lines under the Sealy, Tempur-Pedic, Serta, Stearns & Foster, and Beautyrest Black names.

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

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