Renaissance Technologies LLC Decreases Stake in Haverty Furniture Companies, Inc. (NYSE:HVT)

Renaissance Technologies LLC lessened its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 8.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 722,706 shares of the company's stock after selling 68,900 shares during the quarter. Renaissance Technologies LLC owned about 4.40% of Haverty Furniture Companies worth $16,087,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. KLP Kapitalforvaltning AS bought a new stake in shares of Haverty Furniture Companies during the fourth quarter valued at about $56,000. Wilmington Savings Fund Society FSB bought a new stake in Haverty Furniture Companies during the 3rd quarter worth approximately $88,000. US Bancorp DE boosted its holdings in Haverty Furniture Companies by 30.9% in the 4th quarter. US Bancorp DE now owns 5,184 shares of the company's stock valued at $115,000 after purchasing an additional 1,224 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of Haverty Furniture Companies by 8.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 6,813 shares of the company's stock valued at $152,000 after purchasing an additional 548 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Haverty Furniture Companies by 20.9% in the fourth quarter. Wells Fargo & Company MN now owns 11,558 shares of the company's stock worth $257,000 after purchasing an additional 1,997 shares during the period. 80.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Haverty Furniture Companies Stock Performance

Haverty Furniture Companies stock traded up $0.52 during mid-day trading on Friday, hitting $17.71. 107,000 shares of the company traded hands, compared to its average volume of 194,313. The stock has a fifty day moving average price of $20.61 and a 200-day moving average price of $22.33. The stock has a market cap of $286.71 million, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. Haverty Furniture Companies, Inc. has a one year low of $17.01 and a one year high of $33.04.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last announced its earnings results on Monday, February 24th. The company reported $0.47 earnings per share (EPS) for the quarter, topping 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 company had revenue of $184.35 million during the quarter, compared to analyst estimates of $179.84 million. Sell-side analysts predict that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current year.

Haverty Furniture Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Thursday, March 6th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 7.23%. The ex-dividend date of this dividend was Thursday, March 6th. Haverty Furniture Companies's dividend payout ratio is currently 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.