Victory Capital Management Inc. maintained its stake in shares of Haverty Furniture Cos. (NYSE:HVT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,207 shares of the company’s stock at the end of the second quarter. Victory Capital Management Inc. owned about 0.16% of Haverty Furniture Cos. worth $617,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in HVT. Prudential Financial Inc. raised its stake in Haverty Furniture Cos. by 3.0% in the first quarter. Prudential Financial Inc. now owns 47,737 shares of the company’s stock worth $1,010,000 after buying an additional 1,400 shares during the period. BlackRock Fund Advisors raised its stake in Haverty Furniture Cos. by 0.5% in the first quarter. BlackRock Fund Advisors now owns 1,308,182 shares of the company’s stock worth $27,681,000 after buying an additional 6,860 shares during the period. NWQ Investment Management Company LLC raised its stake in Haverty Furniture Cos. by 17.7% in the first quarter. NWQ Investment Management Company LLC now owns 1,331,247 shares of the company’s stock worth $28,169,000 after buying an additional 200,553 shares during the period. Geode Capital Management LLC raised its stake in Haverty Furniture Cos. by 7.8% in the first quarter. Geode Capital Management LLC now owns 135,949 shares of the company’s stock worth $2,876,000 after buying an additional 9,867 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Haverty Furniture Cos. by 8.9% in the first quarter. Renaissance Technologies LLC now owns 1,276,200 shares of the company’s stock worth $27,004,000 after buying an additional 104,100 shares during the period. Institutional investors own 70.32% of the company’s stock.
Shares of Haverty Furniture Cos. (NYSE:HVT) traded up 1.35% during trading on Thursday, hitting $20.24. 20,497 shares of the stock were exchanged. The stock has a market cap of $427.14 million, a PE ratio of 16.95 and a beta of 0.94. Haverty Furniture Cos. has a 52-week low of $16.65 and a 52-week high of $24.54. The firm has a 50 day moving average of $20.14 and a 200-day moving average of $19.21.
Haverty Furniture Cos. (NYSE:HVT) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. Haverty Furniture Cos. had a net margin of 3.30% and a return on equity of 9.05%. The firm earned $194.80 million during the quarter, compared to analyst estimates of $194.80 million. During the same period in the previous year, the business posted $0.21 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities research analysts anticipate that Haverty Furniture Cos. will post $1.28 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Wednesday, August 24th were paid a $0.12 dividend. The ex-dividend date was Monday, August 22nd. This is a positive change from Haverty Furniture Cos.’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.40%. Haverty Furniture Cos.’s payout ratio is currently 40.00%.
A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Haverty Furniture Cos. from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Raymond James Financial Inc. raised shares of Haverty Furniture Cos. from an “outperform” rating to a “strong-buy” rating and set a $23.00 target price on the stock in a report on Tuesday, August 2nd.
In other news, Chairman Clarence H. Smith sold 10,510 shares of Haverty Furniture Cos. stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $20.52, for a total value of $215,665.20. Following the completion of the sale, the chairman now directly owns 56,088 shares in the company, valued at $1,150,925.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.51% of the stock is currently owned by insiders.
About Haverty Furniture Cos.
Haverty Furniture Companies, Inc is a specialty retailer of residential furniture and accessories. The Company sells home furnishings in its retail stores and through its Website havertys.com. The Company has over 120 stores in approximately 20 states in the southern and Midwest regions with over 4.4 million square feet retail store space.
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