LSV Asset Management Sells 63,400 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

LSV Asset Management trimmed its stake in Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 561,070 shares of the company's stock after selling 63,400 shares during the period. LSV Asset Management owned 3.42% of Haverty Furniture Companies worth $12,489,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Pzena Investment Management LLC lifted its holdings 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 period. Kanen Wealth Management LLC grew its stake in Haverty Furniture Companies by 266.8% in the fourth quarter. Kanen Wealth Management LLC now owns 213,477 shares of the company's stock worth $4,752,000 after purchasing an additional 155,273 shares during the period. American Century Companies Inc. grew its stake in Haverty Furniture Companies by 9.8% in the fourth quarter. American Century Companies Inc. now owns 404,318 shares of the company's stock worth $9,000,000 after purchasing an additional 36,086 shares during the period. Bank of New York Mellon Corp raised its holdings in Haverty Furniture Companies by 20.5% in the fourth 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 in the last quarter. Finally, Victory Capital Management Inc. bought a new stake in shares of Haverty Furniture Companies during the 4th quarter valued at $587,000. Institutional investors own 80.57% of the company's stock.

Haverty Furniture Companies Stock Up 3.0 %

Shares of NYSE HVT traded up $0.52 during trading on Friday, reaching $17.71. The company had a trading volume of 107,000 shares, compared to its average volume of 193,826. The business's 50-day moving average is $20.61 and its 200 day moving average is $22.33. The stock has a market cap of $286.71 million, a PE ratio of 11.14, a P/E/G ratio of 1.15 and a beta of 1.36. Haverty Furniture Companies, Inc. has a 12-month low of $17.01 and a 12-month high of $33.04.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last issued its earnings results on Monday, February 24th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.30. The firm had revenue of $184.35 million for the quarter, compared to the consensus estimate of $179.84 million. Haverty Furniture Companies had a net margin of 3.57% and a return on equity of 8.69%. On average, analysts anticipate 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 was paid on Friday, March 21st. Shareholders of record on Thursday, March 6th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 7.23%. The ex-dividend date of this dividend was Thursday, March 6th. Haverty Furniture Companies's dividend payout ratio (DPR) is 109.40%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Haverty Furniture Companies from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th.

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.