Haverty Furniture Companies, Inc. $HVT Stock Position Raised by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in Haverty Furniture Companies by 6.9% during the first quarter, owning approximately 2.68% of the company, valued at $8.5 million.
• The company reported earnings per share of $0.16 for the last quarter, exceeding the analysts' expectations of $0.15, with a revenue of $181.03 million.
• Haverty Furniture has declared a quarterly dividend of $0.32 per share, representing a yield of 5.6%, with a payout ratio of 111.30%.

American Century Companies Inc. increased its stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 6.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 432,216 shares of the company's stock after buying an additional 27,898 shares during the quarter. American Century Companies Inc. owned about 2.68% of Haverty Furniture Companies worth $8,523,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HVT. PNC Financial Services Group Inc. boosted its holdings in Haverty Furniture Companies by 1,929.3% during the first quarter. PNC Financial Services Group Inc. now owns 1,522 shares of the company's stock worth $30,000 after buying an additional 1,447 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Haverty Furniture Companies by 509.5% during the first quarter. Nisa Investment Advisors LLC now owns 3,736 shares of the company's stock worth $74,000 after acquiring an additional 3,123 shares during the last quarter. CWM LLC raised its position in Haverty Furniture Companies by 163.0% during the first quarter. CWM LLC now owns 4,645 shares of the company's stock worth $92,000 after acquiring an additional 2,879 shares during the last quarter. Wells Fargo & Company MN raised its position in Haverty Furniture Companies by 20.9% during the fourth quarter. Wells Fargo & Company MN now owns 11,558 shares of the company's stock worth $257,000 after acquiring an additional 1,997 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Haverty Furniture Companies during the fourth quarter worth about $285,000. 80.57% of the stock is owned by hedge funds and other institutional investors.

Haverty Furniture Companies Trading Down 0.0%

Shares of Haverty Furniture Companies stock traded down $0.00 during trading hours on Friday, reaching $22.52. The stock had a trading volume of 110,256 shares, compared to its average volume of 98,355. Haverty Furniture Companies, Inc. has a 1 year low of $17.01 and a 1 year high of $28.53. The firm has a 50 day simple moving average of $21.65 and a two-hundred day simple moving average of $20.69. The firm has a market capitalization of $366.35 million, a price-to-earnings ratio of 19.58, a P/E/G ratio of 1.65 and a beta of 1.42.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. Haverty Furniture Companies had a net margin of 2.71% and a return on equity of 6.39%. The company had revenue of $181.03 million during the quarter, compared to analyst estimates of $177.11 million. Sell-side analysts forecast that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current year.

Haverty Furniture Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 25th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Monday, August 25th. Haverty Furniture Companies's payout ratio is presently 111.30%.

Insider Activity

In other news, Director Rawson Haverty, Jr. sold 15,000 shares of Haverty Furniture Companies stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $22.84, for a total transaction of $342,600.00. Following the sale, the director directly owned 29,523 shares of the company's stock, valued at approximately $674,305.32. The trade was a 33.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.63% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Haverty Furniture Companies from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".

About Haverty Furniture Companies

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.