Deprince Race & Zollo Inc. Sells 42,357 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

Deprince Race & Zollo Inc. lowered its stake in Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 19.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 170,198 shares of the company's stock after selling 42,357 shares during the quarter. Deprince Race & Zollo Inc. owned approximately 1.04% of Haverty Furniture Companies worth $3,789,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Bridgeway Capital Management LLC grew its position in shares of Haverty Furniture Companies by 2.7% during the 4th quarter. Bridgeway Capital Management LLC now owns 160,198 shares of the company's stock worth $3,566,000 after buying an additional 4,153 shares during the period. Ameriprise Financial Inc. grew its position in shares of Haverty Furniture Companies by 38.1% during the 4th quarter. Ameriprise Financial Inc. now owns 145,764 shares of the company's stock worth $3,245,000 after buying an additional 40,218 shares during the period. Schonfeld Strategic Advisors LLC acquired a new stake in Haverty Furniture Companies in the 4th quarter valued at $285,000. Syon Capital LLC acquired a new stake in Haverty Furniture Companies in the 4th quarter valued at $311,000. Finally, Hsbc Holdings PLC grew its position in Haverty Furniture Companies by 78.8% in the 4th quarter. Hsbc Holdings PLC now owns 23,494 shares of the company's stock valued at $522,000 after purchasing an additional 10,355 shares during the period. Institutional investors own 80.57% of the company's stock.

Haverty Furniture Companies Stock Performance

HVT traded up $1.88 during mid-day trading on Monday, reaching $21.06. 192,165 shares of the stock were exchanged, compared to its average volume of 196,335. The stock has a market capitalization of $340.18 million, a PE ratio of 13.25, a price-to-earnings-growth ratio of 1.15 and a beta of 1.41. The company has a 50 day moving average price of $19.50 and a two-hundred day moving average price of $21.48. Haverty Furniture Companies, Inc. has a 1 year low of $17.01 and a 1 year high of $30.13.

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, topping analysts' consensus estimates of $0.14 by $0.09. The firm had revenue of $181.60 million for the quarter, compared to the consensus estimate of $178.36 million. Haverty Furniture Companies had a net margin of 3.57% and a return on equity of 8.69%. Sell-side analysts expect that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current fiscal year.

Haverty Furniture Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Thursday, March 6th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.08%. The ex-dividend date was Thursday, March 6th. Haverty Furniture Companies's dividend payout ratio (DPR) is currently 101.59%.

Analysts Set New Price Targets

Several research firms recently issued reports on HVT. StockNews.com raised shares of Haverty Furniture Companies from a "hold" rating to a "buy" rating in a research report on Thursday. Sidoti raised shares of 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.