Arrowstreet Capital Limited Partnership Sells 166,051 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

Arrowstreet Capital Limited Partnership lessened its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 61.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,062 shares of the company's stock after selling 166,051 shares during the period. Arrowstreet Capital Limited Partnership owned 0.64% of Haverty Furniture Companies worth $2,339,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jane Street Group LLC grew its stake in shares of Haverty Furniture Companies by 1,258.1% in the third quarter. Jane Street Group LLC now owns 363,894 shares of the company's stock worth $9,996,000 after acquiring an additional 337,099 shares during the last quarter. Pzena Investment Management LLC grew its position in Haverty Furniture Companies by 33.7% during the 4th quarter. Pzena Investment Management LLC now owns 962,102 shares of the company's stock valued at $21,416,000 after purchasing an additional 242,465 shares during the last quarter. Kanen Wealth Management LLC increased its stake in Haverty Furniture Companies by 266.8% during the 4th quarter. Kanen Wealth Management LLC now owns 213,477 shares of the company's stock valued at $4,752,000 after purchasing an additional 155,273 shares in the last quarter. American Century Companies Inc. raised its holdings in Haverty Furniture Companies by 9.8% in the fourth quarter. American Century Companies Inc. now owns 404,318 shares of the company's stock worth $9,000,000 after buying an additional 36,086 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Haverty Furniture Companies by 20.5% in the fourth quarter. Bank of New York Mellon Corp now owns 208,835 shares of the company's stock worth $4,649,000 after buying an additional 35,511 shares in the last quarter. 80.57% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analyst Ratings Changes

Separately, StockNews.com raised shares of Haverty Furniture Companies from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th.

Haverty Furniture Companies Price Performance

Shares of Haverty Furniture Companies stock traded down $0.09 during trading on Tuesday, hitting $17.78. 9,677 shares of the company's stock traded hands, compared to its average volume of 192,866. Haverty Furniture Companies, Inc. has a 1 year low of $17.22 and a 1 year high of $33.04. The business has a 50-day simple moving average of $20.88 and a 200-day simple moving average of $22.47. The stock has a market capitalization of $287.85 million, a P/E ratio of 11.18, a PEG ratio of 1.15 and a beta of 1.36.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last posted its earnings results on Monday, February 24th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.30. Haverty Furniture Companies had a net margin of 3.57% and a return on equity of 8.69%. The business had revenue of $184.35 million for the quarter, compared to analysts' expectations of $179.84 million. On average, equities analysts predict that Haverty Furniture Companies, Inc. will post 0.88 earnings per share for the current fiscal year.

Haverty Furniture Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Thursday, March 6th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 7.20%. The ex-dividend date of this dividend was Thursday, March 6th. Haverty Furniture Companies's dividend payout ratio (DPR) is presently 109.40%.

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 and eclectic looks; and mattress product lines under the Tempur-Pedic, Serta, Sealy, and Stearns and Foster names.