New York State Teachers Retirement System lowered its stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT – Free Report) by 1.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,832 shares of the company’s stock after selling 600 shares during the quarter. New York State Teachers Retirement System owned approximately 0.19% of Haverty Furniture Companies worth $932,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Swiss National Bank boosted its holdings in Haverty Furniture Companies by 7.0% in the first quarter. Swiss National Bank now owns 38,000 shares of the company’s stock worth $1,042,000 after purchasing an additional 2,500 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Haverty Furniture Companies by 42.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 16,025 shares of the company’s stock worth $439,000 after purchasing an additional 4,811 shares during the period. Bank of New York Mellon Corp boosted its holdings in Haverty Furniture Companies by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 259,902 shares of the company’s stock worth $7,126,000 after purchasing an additional 6,490 shares during the period. American Century Companies Inc. boosted its holdings in Haverty Furniture Companies by 31.5% in the first quarter. American Century Companies Inc. now owns 63,376 shares of the company’s stock worth $1,738,000 after purchasing an additional 15,192 shares during the period. Finally, Citigroup Inc. boosted its holdings in Haverty Furniture Companies by 9.4% in the first quarter. Citigroup Inc. now owns 19,243 shares of the company’s stock worth $528,000 after purchasing an additional 1,647 shares during the period. Institutional investors and hedge funds own 80.46% of the company’s stock.
Insider Activity at Haverty Furniture Companies
In related news, Director Vicki R. Palmer sold 25,000 shares of Haverty Furniture Companies stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $31.16, for a total transaction of $779,000.00. Following the sale, the director now directly owns 33,237 shares in the company, valued at $1,035,664.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 8.89% of the company’s stock.
Haverty Furniture Companies Stock Down 0.1 %
Haverty Furniture Companies (NYSE:HVT – Get Free Report) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.09). Haverty Furniture Companies had a net margin of 7.35% and a return on equity of 24.67%. The company had revenue of $206.29 million for the quarter, compared to the consensus estimate of $226.60 million. On average, sell-side analysts anticipate that Haverty Furniture Companies, Inc. will post 3.45 earnings per share for the current fiscal year.
Haverty Furniture Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Monday, August 28th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend was Friday, August 25th. Haverty Furniture Companies’s dividend payout ratio is currently 27.97%.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on HVT shares. Benchmark reiterated a “buy” rating and issued a $41.00 target price on shares of Haverty Furniture Companies in a research note on Wednesday, August 2nd. StockNews.com started coverage on Haverty Furniture Companies in a research note on Thursday, October 5th. They issued a “buy” rating on the stock.
View Our Latest Research Report on HVT
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, as well as private label Skye name.
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