Two Sigma Advisers LP Reduces Holdings in Haverty Furniture Companies, Inc. (NYSE:HVT)

Two Sigma Advisers LP trimmed its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 60.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,600 shares of the company's stock after selling 19,200 shares during the quarter. Two Sigma Advisers LP owned 0.08% of Haverty Furniture Companies worth $280,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. US Bancorp DE increased its position in 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 acquiring an additional 1,224 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Haverty Furniture Companies by 20.9% during the 4th 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 during the period. KLP Kapitalforvaltning AS bought a new position in Haverty Furniture Companies during the 4th quarter valued at about $56,000. Empowered Funds LLC grew its holdings in Haverty Furniture Companies by 5.1% during the 4th quarter. Empowered Funds LLC now owns 85,798 shares of the company's stock valued at $1,910,000 after purchasing an additional 4,153 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its position in Haverty Furniture Companies by 2.7% in the 4th 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 during the period. Institutional investors own 80.57% of the company's stock.

Analyst Upgrades and Downgrades

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

Haverty Furniture Companies Stock Up 2.3%

HVT traded up $0.46 on Tuesday, reaching $20.78. 100,346 shares of the company traded hands, compared to its average volume of 197,249. The company has a market cap of $335.69 million, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 1.15 and a beta of 1.38. Haverty Furniture Companies, Inc. has a one year low of $17.01 and a one year high of $29.85. The firm has a fifty day simple moving average of $19.32 and a two-hundred day simple moving average of $21.14.

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, beating the consensus estimate of $0.14 by $0.09. The firm had revenue of $181.60 million during the quarter, compared to the consensus estimate of $178.36 million. Haverty Furniture Companies had a net margin of 3.57% and a return on equity of 8.69%. On average, equities analysts forecast that Haverty Furniture Companies, Inc. will post 0.88 earnings per share for the current year.

Haverty Furniture Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders 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 yield of 6.16%. The ex-dividend date of this dividend is Monday, June 2nd. Haverty Furniture Companies's dividend payout ratio (DPR) is 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.