Millennium Management LLC Sells 254,287 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

Millennium Management LLC lowered its holdings in Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 79.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 66,613 shares of the company's stock after selling 254,287 shares during the quarter. Millennium Management LLC owned 0.41% of Haverty Furniture Companies worth $1,483,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HVT. US Bancorp DE increased its position in shares of Haverty Furniture Companies by 30.9% during the fourth quarter. US Bancorp DE now owns 5,184 shares of the company's stock valued at $115,000 after purchasing an additional 1,224 shares during the period. Wells Fargo & Company MN boosted its stake in Haverty Furniture Companies by 20.9% in the fourth quarter. Wells Fargo & Company MN now owns 11,558 shares of the company's stock worth $257,000 after purchasing an additional 1,997 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Haverty Furniture Companies in the fourth quarter worth $56,000. Empowered Funds LLC boosted its stake in Haverty Furniture Companies by 5.1% in the fourth quarter. Empowered Funds LLC now owns 85,798 shares of the company's stock worth $1,910,000 after purchasing an additional 4,153 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its stake in Haverty Furniture Companies by 2.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 160,198 shares of the company's stock worth $3,566,000 after purchasing an additional 4,153 shares in the last quarter. Institutional investors and hedge funds own 80.57% of the company's stock.

Haverty Furniture Companies Stock Performance

Haverty Furniture Companies stock traded up $0.18 during midday trading on Friday, reaching $19.76. The stock had a trading volume of 96,661 shares, compared to its average volume of 197,588. The firm's fifty day simple moving average is $19.26 and its 200-day simple moving average is $21.19. Haverty Furniture Companies, Inc. has a 1-year low of $17.01 and a 1-year high of $29.85. The stock has a market capitalization of $319.18 million, a P/E ratio of 12.43, a price-to-earnings-growth ratio of 1.15 and a beta of 1.38.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.09. The firm had revenue of $181.60 million for 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%. On average, sell-side analysts anticipate that Haverty Furniture Companies, Inc. will post 0.88 earnings per share for the current fiscal year.

Haverty Furniture Companies Dividend Announcement

The firm 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 dividend of $0.32 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.28 annualized dividend and a dividend yield of 6.48%. Haverty Furniture Companies's dividend payout ratio is currently 101.59%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on HVT shares. Sidoti upgraded Haverty Furniture Companies to a "hold" rating in a report on Tuesday, April 29th. Wall Street Zen raised shares of Haverty Furniture Companies from a "hold" rating to a "buy" rating in a report on Thursday, May 8th.

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.