Balyasny Asset Management L.P. Sells 134,078 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

Balyasny Asset Management L.P. cut its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 85.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,252 shares of the company's stock after selling 134,078 shares during the quarter. Balyasny Asset Management L.P. owned approximately 0.14% of Haverty Furniture Companies worth $495,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pzena Investment Management LLC grew its position in shares of Haverty Furniture Companies by 33.7% during the fourth quarter. Pzena Investment Management LLC now owns 962,102 shares of the company's stock worth $21,416,000 after purchasing an additional 242,465 shares in the last quarter. Kanen Wealth Management LLC grew its holdings in Haverty Furniture Companies by 266.8% during the 4th quarter. Kanen Wealth Management LLC now owns 213,477 shares of the company's stock valued at $4,752,000 after buying an additional 155,273 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Haverty Furniture Companies by 38.1% during the fourth quarter. Ameriprise Financial Inc. now owns 145,764 shares of the company's stock valued at $3,245,000 after buying an additional 40,218 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Haverty Furniture Companies by 9.8% in the fourth quarter. American Century Companies Inc. now owns 404,318 shares of the company's stock worth $9,000,000 after buying an additional 36,086 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Haverty Furniture Companies by 20.5% during the fourth quarter. Bank of New York Mellon Corp now owns 208,835 shares of the company's stock worth $4,649,000 after acquiring an additional 35,511 shares during the last quarter. 80.57% of the stock is owned by institutional investors.

Haverty Furniture Companies Price Performance

Shares of NYSE HVT traded down $0.31 during mid-day trading on Monday, hitting $20.79. 116,454 shares of the company's stock traded hands, compared to its average volume of 196,395. Haverty Furniture Companies, Inc. has a 1 year low of $17.01 and a 1 year high of $29.85. The company's 50-day moving average is $19.42 and its two-hundred day moving average is $21.41. The company has a market capitalization of $335.82 million, a P/E ratio of 13.08, a PEG ratio of 1.15 and a beta of 1.41.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.09. The business had revenue of $181.60 million during the quarter, compared to analyst estimates of $178.36 million. Haverty Furniture Companies had a return on equity of 8.69% and a net margin of 3.57%. Equities analysts anticipate that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current fiscal year.

Haverty Furniture Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Monday, June 2nd will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 6.16%. The ex-dividend date of this dividend is Monday, June 2nd. Haverty Furniture Companies's dividend payout ratio is currently 101.59%.

Analyst Ratings Changes

A number of research firms recently commented on HVT. StockNews.com upgraded Haverty Furniture Companies from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Sidoti raised shares of Haverty Furniture Companies to a "hold" rating in a report on Tuesday, April 29th.

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.