Two Sigma Investments LP Sells 35,843 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

Two Sigma Investments LP lessened its holdings in Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 70.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,231 shares of the company's stock after selling 35,843 shares during the quarter. Two Sigma Investments LP owned approximately 0.09% of Haverty Furniture Companies worth $339,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new stake in Haverty Furniture Companies in the 4th quarter valued at approximately $56,000. US Bancorp DE lifted its position 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 valued at $115,000 after acquiring an additional 1,224 shares during the period. Walleye Capital LLC acquired a new stake in shares of Haverty Furniture Companies during the 4th quarter worth approximately $242,000. Wells Fargo & Company MN grew its position in Haverty Furniture Companies by 20.9% in the fourth quarter. Wells Fargo & Company MN now owns 11,558 shares of the company's stock valued at $257,000 after acquiring an additional 1,997 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Haverty Furniture Companies in the fourth quarter valued at approximately $285,000. 80.57% of the stock is owned by institutional investors and hedge funds.

Haverty Furniture Companies Stock Down 3.1%

NYSE:HVT traded down $0.63 during mid-day trading on Friday, hitting $19.35. 102,995 shares of the stock traded hands, compared to its average volume of 195,233. Haverty Furniture Companies, Inc. has a 12-month low of $17.01 and a 12-month high of $29.85. The business's 50-day moving average price is $19.41 and its 200 day moving average price is $21.05. The company has a market cap of $312.48 million, a PE ratio of 12.17, a price-to-earnings-growth ratio of 1.15 and a beta of 1.38.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.14 by $0.09. The firm had revenue of $181.60 million for the quarter, compared to analyst estimates of $178.36 million. Haverty Furniture Companies had a return on equity of 8.69% and a net margin of 3.57%. Analysts anticipate that Haverty Furniture Companies, Inc. will post 0.88 earnings per share for the current fiscal year.

Haverty Furniture Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Monday, June 2nd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 6.62%. The ex-dividend date is Monday, June 2nd. Haverty Furniture Companies's dividend payout ratio (DPR) is currently 101.59%.

Insider Activity

In other news, Director Rawson Haverty, Jr. sold 1,500 shares of the company'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 value of $31,005.00. Following the transaction, the director now owns 38,023 shares in the company, valued at approximately $785,935.41. This represents a 3.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 8.63% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on HVT shares. Sidoti raised shares of Haverty Furniture Companies to a "hold" rating in a research note 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.

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.