Deprince Race & Zollo Inc. Decreases Stock Position in Haverty Furniture Companies, Inc. (NYSE:HVT)

Deprince Race & Zollo Inc. trimmed its holdings in Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 19.9% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 170,198 shares of the company's stock after selling 42,357 shares during the quarter. Deprince Race & Zollo Inc. owned about 1.04% of Haverty Furniture Companies worth $3,789,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pzena Investment Management LLC boosted its stake in Haverty Furniture Companies by 33.7% during the fourth quarter. Pzena Investment Management LLC now owns 962,102 shares of the company's stock valued at $21,416,000 after buying an additional 242,465 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Haverty Furniture Companies during the fourth quarter valued at approximately $511,000. Barclays PLC lifted its holdings in Haverty Furniture Companies by 44.0% during the fourth quarter. Barclays PLC now owns 53,330 shares of the company's stock worth $1,188,000 after buying an additional 16,283 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Haverty Furniture Companies during the 4th quarter valued at $377,000. Finally, Kanen Wealth Management LLC increased its holdings in shares of Haverty Furniture Companies by 266.8% in the 4th quarter. Kanen Wealth Management LLC now owns 213,477 shares of the company's stock valued at $4,752,000 after acquiring an additional 155,273 shares during the period. Institutional investors own 80.57% of the company's stock.

Haverty Furniture Companies Stock Up 1.2%

Shares of HVT traded up $0.24 during mid-day trading on Wednesday, reaching $21.00. The company had a trading volume of 63,640 shares, compared to its average volume of 195,650. The stock has a 50 day moving average of $19.48 and a two-hundred day moving average of $21.48. The stock has a market capitalization of $339.21 million, a P/E ratio of 13.21, a PEG ratio of 1.15 and a beta of 1.41. Haverty Furniture Companies, Inc. has a 52-week low of $17.01 and a 52-week high of $30.13.

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

Haverty Furniture Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Thursday, March 6th were given a $0.32 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.28 dividend on an annualized basis and a yield of 6.10%. Haverty Furniture Companies's dividend payout ratio (DPR) is 101.59%.

Analyst Ratings Changes

Several brokerages recently weighed in on HVT. StockNews.com upgraded Haverty Furniture Companies from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Sidoti upgraded Haverty Furniture Companies to a "hold" rating in a research report on Tuesday, April 29th.

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.