Rhumbline Advisers Reduces Stock Holdings in Haverty Furniture Companies, Inc. (NYSE:HVT)

Rhumbline Advisers cut its holdings in Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 69.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,053 shares of the company's stock after selling 51,223 shares during the period. Rhumbline Advisers owned about 0.14% of Haverty Furniture Companies worth $455,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Pzena Investment Management LLC lifted its position in Haverty Furniture Companies by 33.7% in the fourth quarter. Pzena Investment Management LLC now owns 962,102 shares of the company's stock worth $21,416,000 after buying an additional 242,465 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Haverty Furniture Companies by 9.8% in the fourth quarter. American Century Companies Inc. now owns 404,318 shares of the company's stock valued at $9,000,000 after acquiring an additional 36,086 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Haverty Furniture Companies by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 326,221 shares of the company's stock worth $7,263,000 after acquiring an additional 5,107 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Haverty Furniture Companies by 35.2% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 301,683 shares of the company's stock worth $6,715,000 after acquiring an additional 78,553 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Haverty Furniture Companies by 20.5% during the 4th quarter. Bank of New York Mellon Corp now owns 208,835 shares of the company's stock worth $4,649,000 after purchasing an additional 35,511 shares during the period. 80.57% of the stock is currently owned by hedge funds and other institutional investors.

Haverty Furniture Companies Stock Performance

Haverty Furniture Companies stock traded down $0.05 during mid-day trading on Friday, hitting $20.45. The company's stock had a trading volume of 210,413 shares, compared to its average volume of 139,617. The company has a 50 day moving average of $19.81 and a 200-day moving average of $20.86. Haverty Furniture Companies, Inc. has a one year low of $17.01 and a one year high of $29.85. The stock has a market cap of $330.32 million, a PE ratio of 16.23, a P/E/G ratio of 1.29 and a beta of 1.38.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.09. Haverty Furniture Companies had a net margin of 2.96% and a return on equity of 6.94%. The business had revenue of $181.60 million for the quarter, compared to the consensus estimate of $178.36 million. On average, equities research analysts forecast that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current fiscal year.

Haverty Furniture Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 6.26%. The ex-dividend date was Monday, June 2nd. Haverty Furniture Companies's payout ratio is 101.59%.

Analyst Upgrades and Downgrades

HVT has been the topic of a number of recent analyst reports. Sidoti raised shares of Haverty Furniture Companies to a "hold" rating in a research report on Tuesday, April 29th. Wall Street Zen raised Haverty Furniture Companies from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th.

Insiders Place Their Bets

In other news, Director Rawson Haverty, Jr. sold 1,500 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $20.67, for a total value of $31,005.00. Following the completion of the transaction, the director now directly owns 38,023 shares of the company's stock, valued at approximately $785,935.41. The trade was a 3.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 8.63% of the stock is owned by company insiders.

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.