Haverty Furniture Companies, Inc. (NYSE:HVT) Shares Sold by LSV Asset Management

LSV Asset Management decreased its stake in Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 561,070 shares of the company's stock after selling 63,400 shares during the period. LSV Asset Management owned approximately 3.42% of Haverty Furniture Companies worth $12,489,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Haverty Furniture Companies during the fourth quarter valued at approximately $511,000. Wells Fargo & Company MN lifted its holdings in Haverty Furniture Companies by 20.9% in the 4th quarter. Wells Fargo & Company MN now owns 11,558 shares of the company's stock worth $257,000 after buying an additional 1,997 shares in the last quarter. Geode Capital Management LLC boosted its position in Haverty Furniture Companies by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 326,221 shares of the company's stock valued at $7,263,000 after buying an additional 5,107 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Haverty Furniture Companies by 15.3% during the fourth quarter. Franklin Resources Inc. now owns 147,064 shares of the company's stock valued at $3,274,000 after acquiring an additional 19,546 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Haverty Furniture Companies by 32.0% during the fourth quarter. Prudential Financial Inc. now owns 49,552 shares of the company's stock worth $1,103,000 after acquiring an additional 12,000 shares during the last quarter. Institutional investors and hedge funds own 80.57% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Haverty Furniture Companies Trading Down 2.8 %

HVT stock traded down $0.50 during mid-day trading on Tuesday, hitting $17.36. 130,722 shares of the company were exchanged, compared to its average volume of 193,708. The firm has a fifty day simple moving average of $20.78 and a 200 day simple moving average of $22.44. The company has a market capitalization of $281.11 million, a PE ratio of 10.92, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. Haverty Furniture Companies, Inc. has a twelve month low of $17.22 and a twelve month high of $33.04.

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

Haverty Furniture Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Thursday, March 6th were issued a $0.32 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 7.37%. Haverty Furniture Companies's dividend payout ratio (DPR) is 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.