Northern Trust Corp Cuts Stake in Haverty Furniture Companies, Inc. (NYSE:HVT)

Northern Trust Corp trimmed its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 41.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 155,847 shares of the company's stock after selling 111,830 shares during the period. Northern Trust Corp owned approximately 0.95% of Haverty Furniture Companies worth $3,469,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new position in Haverty Furniture Companies during the fourth quarter worth $56,000. 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 worth $115,000 after purchasing an additional 1,224 shares in the last quarter. Walleye Capital LLC purchased a new stake in Haverty Furniture Companies during the 4th quarter worth approximately $242,000. Wells Fargo & Company MN grew its stake in Haverty Furniture Companies by 20.9% during the 4th quarter. Wells Fargo & Company MN now owns 11,558 shares of the company's stock valued at $257,000 after purchasing an additional 1,997 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in Haverty Furniture Companies by 22.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 13,349 shares of the company's stock worth $297,000 after buying an additional 2,426 shares during the period. 80.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Haverty Furniture Companies Stock Down 0.9%

NYSE:HVT traded down $0.18 during midday trading on Thursday, reaching $20.73. The stock had a trading volume of 82,506 shares, compared to its average volume of 197,581. The firm has a fifty day simple moving average of $19.30 and a two-hundred day simple moving average of $21.30. Haverty Furniture Companies, Inc. has a 12-month low of $17.01 and a 12-month high of $29.85. The stock has a market cap of $334.85 million, a P/E ratio of 13.04, a P/E/G ratio of 1.15 and a beta of 1.41.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last issued its quarterly 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. Haverty Furniture Companies had a return on equity of 8.69% and a net margin of 3.57%. The company had revenue of $181.60 million during the quarter, compared to the consensus estimate of $178.36 million. 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 disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Monday, June 2nd 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 6.17%. The ex-dividend date of this dividend is Monday, June 2nd. Haverty Furniture Companies's dividend payout ratio is presently 101.59%.

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.