State Street Corp Sells 184,147 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

State Street Corp decreased its stake in Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 33.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 374,701 shares of the company's stock after selling 184,147 shares during the quarter. State Street Corp owned 2.28% of Haverty Furniture Companies worth $10,293,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Haverty Furniture Companies by 22.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,545 shares of the company's stock worth $140,000 after acquiring an additional 1,034 shares during the period. Acadian Asset Management LLC raised its stake in shares of Haverty Furniture Companies by 1.3% in the 2nd quarter. Acadian Asset Management LLC now owns 31,855 shares of the company's stock valued at $804,000 after purchasing an additional 395 shares during the period. Koss Olinger Consulting LLC acquired a new stake in shares of Haverty Furniture Companies in the 2nd quarter valued at about $360,000. Texas Permanent School Fund Corp lifted its holdings in shares of Haverty Furniture Companies by 6.1% in the second quarter. Texas Permanent School Fund Corp now owns 12,388 shares of the company's stock valued at $313,000 after purchasing an additional 714 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Haverty Furniture Companies by 19.0% during the second quarter. American Century Companies Inc. now owns 320,672 shares of the company's stock worth $8,110,000 after buying an additional 51,302 shares during the period. Institutional investors own 80.57% of the company's stock.

Haverty Furniture Companies Trading Down 0.4 %

Shares of HVT traded down $0.09 during mid-day trading on Friday, reaching $22.11. The company's stock had a trading volume of 111,177 shares, compared to its average volume of 180,820. Haverty Furniture Companies, Inc. has a 1-year low of $21.14 and a 1-year high of $37.05. The business has a 50-day simple moving average of $23.17 and a two-hundred day simple moving average of $25.38. The stock has a market cap of $362.78 million, a P/E ratio of 13.91, a PEG ratio of 2.10 and a beta of 1.47.

Haverty Furniture Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Tuesday, November 26th were paid a dividend of $0.32 per share. The ex-dividend date was Tuesday, November 26th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.79%. Haverty Furniture Companies's dividend payout ratio (DPR) is currently 80.50%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Haverty Furniture Companies from a "buy" rating to a "hold" rating in a research note on Friday, October 25th.

Haverty Furniture Companies Profile

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.