Rhumbline Advisers Sells 51,223 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

Rhumbline Advisers trimmed its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 69.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HVT. Pzena Investment Management LLC grew its holdings in Haverty Furniture Companies by 33.7% during the 4th quarter. Pzena Investment Management LLC now owns 962,102 shares of the company's stock worth $21,416,000 after acquiring an additional 242,465 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted 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 valued at $6,715,000 after buying an additional 78,553 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Haverty Furniture Companies in the 4th quarter valued at about $1,659,000. D. E. Shaw & Co. Inc. boosted its holdings in shares of Haverty Furniture Companies by 115.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 100,212 shares of the company's stock valued at $2,231,000 after buying an additional 53,643 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Haverty Furniture Companies by 38.1% in the 4th quarter. Ameriprise Financial Inc. now owns 145,764 shares of the company's stock valued at $3,245,000 after buying an additional 40,218 shares in the last quarter. 80.57% of the stock is currently owned by institutional investors.

Haverty Furniture Companies Stock Down 2.1%

Shares of Haverty Furniture Companies stock opened at $19.83 on Tuesday. The firm has a market capitalization of $320.25 million, a P/E ratio of 15.74, a PEG ratio of 1.30 and a beta of 1.38. The company has a 50 day moving average price of $19.64 and a 200 day moving average price of $20.89. Haverty Furniture Companies, Inc. has a 52 week low of $17.01 and a 52 week high of $29.85.

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 (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 company had revenue of $181.60 million during the quarter, compared to analyst estimates of $178.36 million. As a group, research analysts anticipate that Haverty Furniture Companies, Inc. will post 0.88 earnings per share for the current fiscal year.

Haverty Furniture Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Monday, June 2nd were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date of this dividend was Monday, June 2nd. Haverty Furniture Companies's dividend payout ratio is presently 101.59%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HVT. Sidoti upgraded shares of Haverty Furniture Companies to a "hold" rating in a report on Tuesday, April 29th. Wall Street Zen upgraded shares of Haverty Furniture Companies from a "hold" rating to a "buy" rating in a report on Thursday, May 8th.

Insiders Place Their Bets

In other Haverty Furniture Companies news, Director Rawson Haverty, Jr. sold 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $20.67, for a total transaction 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. This trade represents a 3.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 8.63% of the stock is currently owned by insiders.

Haverty Furniture Companies Company 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.

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