Renaissance Technologies LLC Has $16.09 Million Stake in Haverty Furniture Companies, Inc. (NYSE:HVT)

Renaissance Technologies LLC reduced its stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 8.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 722,706 shares of the company's stock after selling 68,900 shares during the period. Renaissance Technologies LLC owned 4.40% of Haverty Furniture Companies worth $16,087,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new position in shares of Haverty Furniture Companies during the 4th quarter valued at about $56,000. Wilmington Savings Fund Society FSB acquired a new stake in Haverty Furniture Companies in the 3rd quarter worth approximately $88,000. US Bancorp DE boosted 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 worth $115,000 after purchasing an additional 1,224 shares during the period. Harbor Capital Advisors Inc. boosted its position in Haverty Furniture Companies by 8.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 6,813 shares of the company's stock worth $152,000 after purchasing an additional 548 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in Haverty Furniture Companies by 20.9% during the fourth quarter. Wells Fargo & Company MN now owns 11,558 shares of the company's stock valued at $257,000 after purchasing an additional 1,997 shares during the last quarter. Institutional investors and hedge funds own 80.57% of the company's stock.

Haverty Furniture Companies Stock Performance

Shares of NYSE:HVT traded up $0.52 during midday trading on Friday, hitting $17.71. The company's stock had a trading volume of 107,000 shares, compared to its average volume of 194,769. The stock's 50 day simple moving average is $20.52 and its 200 day simple moving average is $22.22. The stock has a market capitalization of $286.71 million, a price-to-earnings ratio of 11.14, a PEG ratio of 1.15 and a beta of 1.36. Haverty Furniture Companies, Inc. has a fifty-two week low of $17.01 and a fifty-two week high of $33.04.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last released its earnings results on Monday, February 24th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.30. Haverty Furniture Companies had a return on equity of 8.69% and a net margin of 3.57%. The firm had revenue of $184.35 million for the quarter, compared to analyst estimates of $179.84 million. As a group, analysts anticipate that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current year.

Haverty Furniture Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Thursday, March 6th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 7.23%. The ex-dividend date was Thursday, March 6th. Haverty Furniture Companies's dividend payout ratio (DPR) is currently 109.40%.

Analyst Upgrades and Downgrades

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

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.