Haverty Furniture Companies, Inc. $HVT Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC lowered its stake in Haverty Furniture Companies, Inc. (NYSE:HVT) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,458,459 shares of the company’s stock after selling 99,999 shares during the quarter. Pzena Investment Management LLC owned about 8.96% of Haverty Furniture Companies worth $34,070,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Haverty Furniture Companies by 3.2% in the third quarter. Vanguard Group Inc. now owns 910,883 shares of the company’s stock valued at $19,976,000 after buying an additional 28,111 shares in the last quarter. Bridgeway Capital Management LLC grew its stake in Haverty Furniture Companies by 7.4% during the 3rd quarter. Bridgeway Capital Management LLC now owns 188,396 shares of the company’s stock valued at $4,132,000 after purchasing an additional 12,994 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Haverty Furniture Companies by 22.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 175,573 shares of the company’s stock valued at $3,573,000 after purchasing an additional 32,503 shares in the last quarter. Jane Street Group LLC grew its stake in Haverty Furniture Companies by 68.7% during the 1st quarter. Jane Street Group LLC now owns 172,099 shares of the company’s stock valued at $3,394,000 after purchasing an additional 70,060 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Haverty Furniture Companies by 30.5% during the 1st quarter. AQR Capital Management LLC now owns 162,821 shares of the company’s stock valued at $3,211,000 after purchasing an additional 38,074 shares in the last quarter. Institutional investors and hedge funds own 80.57% of the company’s stock.

Haverty Furniture Companies Price Performance

Shares of Haverty Furniture Companies stock opened at $22.30 on Friday. The business’s fifty day moving average price is $21.74 and its two-hundred day moving average price is $23.54. The company has a market capitalization of $358.86 million, a P/E ratio of 18.59, a PEG ratio of 1.12 and a beta of 1.20. Haverty Furniture Companies, Inc. has a 1-year low of $19.32 and a 1-year high of $27.67.

Haverty Furniture Companies (NYSE:HVT) last announced its earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. Haverty Furniture Companies had a return on equity of 6.60% and a net margin of 2.64%.The firm had revenue of $189.05 million for the quarter, compared to the consensus estimate of $191.99 million. On average, research analysts expect that Haverty Furniture Companies, Inc. will post 1.62 earnings per share for the current fiscal year.

Haverty Furniture Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Monday, June 1st will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Monday, June 1st. Haverty Furniture Companies’s payout ratio is presently 110.00%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Weiss Ratings lowered Haverty Furniture Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Zacks Research upgraded Haverty Furniture Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Wall Street Zen lowered Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

About Haverty Furniture Companies

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and home décor in the United States. Founded in 1885 by J.J. Haverty and headquartered in Atlanta, Georgia, the company offers a broad assortment of upholstered furniture, case goods, mattresses, area rugs and decorative accessories. Customers can shop through a network of company-owned showrooms as well as an e-commerce platform, supported by in-house design services, delivery options and consumer financing programs.

Over more than a century of operation, Havertys has expanded its presence primarily across the Southeast and select markets beyond.