AJO LP acquired a new stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 193,289 shares of the company’s stock, valued at approximately $4,229,000. AJO LP owned approximately 0.94% of Haverty Furniture Companies as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Somerset Trust Co lifted its holdings in Haverty Furniture Companies by 152.8% during the 1st quarter. Somerset Trust Co now owns 1,279 shares of the company’s stock worth $28,000 after buying an additional 773 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in Haverty Furniture Companies by 124.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,983 shares of the company’s stock worth $87,000 after buying an additional 2,208 shares during the period. Metropolitan Life Insurance Co. NY lifted its holdings in Haverty Furniture Companies by 360.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,836 shares of the company’s stock worth $110,000 after buying an additional 4,568 shares during the period. Oregon Public Employees Retirement Fund acquired a new position in Haverty Furniture Companies during the 4th quarter worth about $136,000. Finally, Investors Research Corp acquired a new position in Haverty Furniture Companies during the 1st quarter worth about $186,000. 85.25% of the stock is currently owned by institutional investors.
In related news, VP Steven G. Burdette sold 4,700 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $18.10, for a total value of $85,070.00. Following the transaction, the vice president now owns 5,233 shares in the company, valued at $94,717.30. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director G. Thomas Hough acquired 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was purchased at an average price of $17.91 per share, for a total transaction of $53,730.00. Following the purchase, the director now owns 4,748 shares of the company’s stock, valued at approximately $85,036.68. The disclosure for this purchase can be found here. 9.27% of the stock is owned by insiders.
Haverty Furniture Companies (NYSE:HVT) last announced its earnings results on Tuesday, April 30th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). Haverty Furniture Companies had a return on equity of 9.68% and a net margin of 3.43%. The business had revenue of $187.24 million during the quarter, compared to analysts’ expectations of $198.82 million. During the same quarter in the previous year, the firm earned $0.29 EPS. Haverty Furniture Companies’s quarterly revenue was down 6.1% on a year-over-year basis. As a group, equities analysts forecast that Haverty Furniture Companies, Inc. will post 1.33 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Tuesday, June 4th were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.19%. Haverty Furniture Companies’s payout ratio is presently 50.70%.
Several research analysts have commented on the company. TheStreet downgraded Haverty Furniture Companies from a “b-” rating to a “c+” rating in a report on Friday, May 31st. ValuEngine lowered Haverty Furniture Companies from a “hold” rating to a “sell” rating in a report on Saturday, May 18th. Finally, Zacks Investment Research lowered Haverty Furniture Companies from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th.
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, as well as mattress product lines under the Sealy, Tempur-Pedic, Serta, Stearns & Foster, and Beautyrest Black names.
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