Nuveen LLC Invests $936,000 in Haverty Furniture Companies, Inc. $HVT

Nuveen LLC purchased a new position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 47,489 shares of the company's stock, valued at approximately $936,000. Nuveen LLC owned 0.29% of Haverty Furniture Companies as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its holdings in shares of Haverty Furniture Companies by 6.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 180,417 shares of the company's stock valued at $3,558,000 after acquiring an additional 10,944 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Haverty Furniture Companies by 1,929.3% in the first quarter. PNC Financial Services Group Inc. now owns 1,522 shares of the company's stock worth $30,000 after acquiring an additional 1,447 shares during the period. GSA Capital Partners LLP boosted its holdings in shares of Haverty Furniture Companies by 59.7% in the first quarter. GSA Capital Partners LLP now owns 39,209 shares of the company's stock worth $773,000 after acquiring an additional 14,657 shares during the period. Pzena Investment Management LLC boosted its holdings in shares of Haverty Furniture Companies by 0.4% in the first quarter. Pzena Investment Management LLC now owns 966,081 shares of the company's stock worth $19,051,000 after acquiring an additional 3,979 shares during the period. Finally, CWM LLC boosted its holdings in shares of Haverty Furniture Companies by 163.0% in 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 period. 80.57% of the stock is owned by institutional investors.

Haverty Furniture Companies Price Performance

NYSE:HVT traded down $0.25 during mid-day trading on Wednesday, reaching $22.19. 127,775 shares of the company's stock traded hands, compared to its average volume of 94,982. Haverty Furniture Companies, Inc. has a 12-month low of $17.01 and a 12-month high of $28.53. The company has a 50 day moving average price of $21.80 and a 200-day moving average price of $20.71. The firm has a market capitalization of $361.05 million, a price-to-earnings ratio of 19.30, a PEG ratio of 1.65 and a beta of 1.24.

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

Haverty Furniture Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 25th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Monday, August 25th. Haverty Furniture Companies's dividend payout ratio is 111.30%.

Insider Activity at Haverty Furniture Companies

In other Haverty Furniture Companies news, Director Rawson Haverty, Jr. sold 15,000 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $22.84, for a total value of $342,600.00. Following the completion of the sale, the director owned 29,523 shares in the company, valued at approximately $674,305.32. This represents a 33.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 8.63% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Haverty Furniture Companies from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus 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.