Rhumbline Advisers increased its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 40.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,203 shares of the company’s stock after buying an additional 23,434 shares during the period. Rhumbline Advisers’ holdings in Haverty Furniture Companies were worth $3,020,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of HVT. Thompson Siegel & Walmsley LLC acquired a new position in Haverty Furniture Companies during the fourth quarter valued at approximately $26,000. Dorsey Wright & Associates grew its holdings in Haverty Furniture Companies by 134.5% during the first quarter. Dorsey Wright & Associates now owns 1,182 shares of the company’s stock valued at $44,000 after purchasing an additional 678 shares during the period. Vantage Consulting Group Inc acquired a new position in Haverty Furniture Companies during the fourth quarter valued at approximately $70,000. Citigroup Inc. grew its holdings in Haverty Furniture Companies by 256.6% during the fourth quarter. Citigroup Inc. now owns 4,212 shares of the company’s stock valued at $117,000 after purchasing an additional 3,031 shares during the period. Finally, IFP Advisors Inc grew its holdings in Haverty Furniture Companies by 606.4% during the first quarter. IFP Advisors Inc now owns 4,832 shares of the company’s stock valued at $180,000 after purchasing an additional 4,148 shares during the period. 83.92% of the stock is owned by institutional investors and hedge funds.
In other news, VP J Edward Clary sold 16,514 shares of the company’s stock in a transaction that occurred on Monday, May 3rd. The shares were sold at an average price of $48.00, for a total value of $792,672.00. Following the completion of the transaction, the vice president now owns 42,160 shares in the company, valued at $2,023,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 7.43% of the stock is owned by corporate insiders.
Haverty Furniture Companies stock opened at $49.08 on Friday. The firm has a market capitalization of $895.51 million, a PE ratio of 11.97 and a beta of 1.66. Haverty Furniture Companies, Inc. has a twelve month low of $13.09 and a twelve month high of $52.84. The firm has a 50 day moving average of $43.94.
Haverty Furniture Companies (NYSE:HVT) last released its quarterly earnings results on Monday, April 26th. The company reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.63. The company had revenue of $236.49 million during the quarter, compared to analysts’ expectations of $201.00 million. Haverty Furniture Companies had a net margin of 9.53% and a return on equity of 19.45%. On average, equities research analysts predict that Haverty Furniture Companies, Inc. will post 4.02 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 16th. Stockholders of record on Tuesday, June 1st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Friday, May 28th. This is a boost from Haverty Furniture Companies’s previous quarterly dividend of $0.22. Haverty Furniture Companies’s dividend payout ratio is 53.19%.
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 Sealy, Tempur-Pedic, and Serta names, as well as private label Skye name.
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