EMC Capital Management Lowers Stock Holdings in Haverty Furniture Companies, Inc. (NYSE:HVT)

EMC Capital Management lowered its position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 72.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,064 shares of the company's stock after selling 21,502 shares during the quarter. EMC Capital Management's holdings in Haverty Furniture Companies were worth $180,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Exchange Traded Concepts LLC raised its holdings in shares of Haverty Furniture Companies by 22.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 13,349 shares of the company's stock valued at $297,000 after acquiring an additional 2,426 shares during the last quarter. Inspire Investing LLC raised its holdings in shares of Haverty Furniture Companies by 18.8% during the fourth quarter. Inspire Investing LLC now owns 17,958 shares of the company's stock valued at $400,000 after acquiring an additional 2,839 shares during the last quarter. Kanen Wealth Management LLC raised its holdings in shares of Haverty Furniture Companies by 266.8% during the fourth quarter. Kanen Wealth Management LLC now owns 213,477 shares of the company's stock valued at $4,752,000 after acquiring an additional 155,273 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Haverty Furniture Companies by 8.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 6,813 shares of the company's stock valued at $152,000 after acquiring an additional 548 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Haverty Furniture Companies by 3.6% during the third quarter. Franklin Resources Inc. now owns 127,518 shares of the company's stock valued at $3,259,000 after acquiring an additional 4,449 shares during the last quarter. Institutional investors and hedge funds own 80.57% of the company's stock.

Wall Street Analysts Forecast Growth

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

Haverty Furniture Companies Trading Up 0.3 %

Haverty Furniture Companies stock traded up $0.06 during mid-day trading on Tuesday, hitting $21.75. The company's stock had a trading volume of 54,557 shares, compared to its average volume of 100,535. The firm has a market capitalization of $356.90 million, a PE ratio of 13.67, a price-to-earnings-growth ratio of 1.19 and a beta of 1.48. Haverty Furniture Companies, Inc. has a 1 year low of $21.05 and a 1 year high of $37.05. The stock's fifty day moving average is $22.60 and its two-hundred day moving average is $24.80.

Haverty Furniture Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, November 26th were given a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $1.28 annualized dividend and a yield of 5.89%. Haverty Furniture Companies's payout ratio is 80.50%.

Haverty Furniture Companies Company 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.