Pzena Investment Management LLC Buys 242,465 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

Pzena Investment Management LLC raised its position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 33.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 962,102 shares of the company's stock after purchasing an additional 242,465 shares during the period. Pzena Investment Management LLC owned 5.86% of Haverty Furniture Companies worth $21,416,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Point72 DIFC Ltd bought a new position in shares of Haverty Furniture Companies during the 3rd quarter worth $70,000. Wilmington Savings Fund Society FSB purchased a new stake in Haverty Furniture Companies during the third quarter valued at about $88,000. US Bancorp DE bought a new position in Haverty Furniture Companies during the third quarter worth about $109,000. Quest Partners LLC purchased a new position in shares of Haverty Furniture Companies in the third quarter worth about $185,000. Finally, Harbor Capital Advisors Inc. raised its position in shares of Haverty Furniture Companies by 8.7% in the fourth 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 during the period. 80.57% of the stock is owned by hedge funds and other institutional investors.

Haverty Furniture Companies Trading Down 0.3 %

Shares of HVT stock traded down $0.06 during trading on Tuesday, reaching $22.14. 200,277 shares of the company's stock traded hands, compared to its average volume of 182,299. Haverty Furniture Companies, Inc. has a 1 year low of $21.04 and a 1 year high of $34.29. The company has a market capitalization of $363.32 million, a P/E ratio of 13.93, a PEG ratio of 1.15 and a beta of 1.44. The firm's 50-day moving average is $22.16 and its 200 day moving average is $23.73.

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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, topping the consensus estimate of $0.17 by $0.30. The firm had revenue of $184.35 million for the quarter, compared to the consensus estimate of $179.84 million. Haverty Furniture Companies had a return on equity of 8.69% and a net margin of 3.57%. As a group, sell-side analysts predict that Haverty Furniture Companies, Inc. will post 0.88 earnings per share for the current fiscal year.

Haverty Furniture Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date of this dividend is Thursday, March 6th. Haverty Furniture Companies's payout ratio is presently 109.40%.

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.