Pzena Investment Management LLC Buys New Shares in Haverty Furniture Companies, Inc. (NYSE:HVT)

Pzena Investment Management LLC acquired a new stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 719,637 shares of the company's stock, valued at approximately $19,768,000. Pzena Investment Management LLC owned 4.39% of Haverty Furniture Companies at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in HVT. Acadian Asset Management LLC grew its position in Haverty Furniture Companies by 1.3% in the 2nd quarter. Acadian Asset Management LLC now owns 31,855 shares of the company's stock worth $804,000 after purchasing an additional 395 shares in the last quarter. Wulff Hansen & CO. grew its position in shares of Haverty Furniture Companies by 2.9% during the 2nd quarter. Wulff Hansen & CO. now owns 22,662 shares of the company's stock valued at $573,000 after acquiring an additional 648 shares during the period. Texas Permanent School Fund Corp grew its position in shares of Haverty Furniture Companies by 6.1% during the 2nd quarter. Texas Permanent School Fund Corp now owns 12,388 shares of the company's stock valued at $313,000 after acquiring an additional 714 shares during the period. EMC Capital Management grew its position in shares of Haverty Furniture Companies by 10.3% during the 1st quarter. EMC Capital Management now owns 8,064 shares of the company's stock valued at $275,000 after acquiring an additional 750 shares during the period. Finally, Koss Olinger Consulting LLC grew its position in shares of Haverty Furniture Companies by 7.0% during the 3rd quarter. Koss Olinger Consulting LLC now owns 15,244 shares of the company's stock valued at $419,000 after acquiring an additional 991 shares during the period. 80.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Haverty Furniture Companies Trading Up 2.3 %

Shares of HVT stock traded up $0.53 during trading on Thursday, reaching $23.13. 31,286 shares of the company's stock traded hands, compared to its average volume of 184,149. The company has a market capitalization of $379.56 million, a P/E ratio of 14.20, a PEG ratio of 2.05 and a beta of 1.48. The firm's 50-day moving average is $24.95 and its 200 day moving average is $26.31. Haverty Furniture Companies, Inc. has a 1 year low of $21.61 and a 1 year high of $37.05.

Haverty Furniture Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 26th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date is Tuesday, November 26th. Haverty Furniture Companies's payout ratio is 80.50%.

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.