Two Sigma Investments LP Lowers Stock Position in Haverty Furniture Companies, Inc. (NYSE:HVT)

Two Sigma Investments LP decreased its position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 70.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,231 shares of the company's stock after selling 35,843 shares during the quarter. Two Sigma Investments LP owned about 0.09% of Haverty Furniture Companies worth $339,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HVT. Empowered Funds LLC boosted its position in shares of 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 in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Haverty Furniture Companies in the fourth quarter valued at approximately $377,000. Bank of New York Mellon Corp boosted its holdings 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 buying an additional 35,511 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Haverty Furniture Companies by 30.9% during the 4th quarter. US Bancorp DE now owns 5,184 shares of the company's stock worth $115,000 after buying an additional 1,224 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in shares of Haverty Furniture Companies during the 4th quarter worth approximately $587,000. Institutional investors and hedge funds own 80.57% of the company's stock.

Haverty Furniture Companies Price Performance

Shares of NYSE HVT traded up $0.04 during mid-day trading on Thursday, reaching $19.97. 32,748 shares of the company's stock were exchanged, compared to its average volume of 196,488. The firm has a 50-day moving average price of $19.34 and a two-hundred day moving average price of $21.13. The firm has a market capitalization of $322.58 million, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 1.15 and a beta of 1.38. 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 announced its quarterly earnings data 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 business had revenue of $181.60 million during the quarter, compared to analyst estimates of $178.36 million. As a group, sell-side analysts forecast that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current fiscal year.

Haverty Furniture Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 6.41%. The ex-dividend date of this dividend is Monday, June 2nd. Haverty Furniture Companies's dividend payout ratio is presently 101.59%.

Analyst Upgrades and Downgrades

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

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.