Goldman Sachs Group Inc. lessened its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 150,992 shares of the company’s stock after selling 4,577 shares during the period. Goldman Sachs Group Inc.’s holdings in Haverty Furniture Companies were worth $3,420,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of HVT. First Quadrant L P CA purchased a new stake in shares of Haverty Furniture Companies during the 4th quarter valued at $234,000. Cigna Investments Inc. New purchased a new stake in shares of Haverty Furniture Companies during the 4th quarter valued at $253,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Haverty Furniture Companies by 48.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 10,659 shares of the company’s stock valued at $279,000 after purchasing an additional 3,494 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Haverty Furniture Companies by 165.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 17,949 shares of the company’s stock valued at $469,000 after purchasing an additional 11,185 shares during the last quarter. Finally, American Century Companies Inc. purchased a new stake in shares of Haverty Furniture Companies during the 4th quarter valued at $547,000. Hedge funds and other institutional investors own 81.90% of the company’s stock.
HVT has been the subject of several analyst reports. TheStreet lowered Haverty Furniture Companies from a “b” rating to a “c+” rating in a report on Tuesday, February 20th. Zacks Investment Research upgraded Haverty Furniture Companies from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Friday, January 12th.
Haverty Furniture Companies (NYSE:HVT) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.30 by $0.10. The firm had revenue of $214.96 million during the quarter, compared to analyst estimates of $221.20 million. Haverty Furniture Companies had a return on equity of 9.24% and a net margin of 2.57%. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 EPS. analysts forecast that Haverty Furniture Companies, Inc. will post 1.36 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Wednesday, March 14th were paid a $0.18 dividend. This is a positive change from Haverty Furniture Companies’s previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, March 13th. This represents a $0.72 dividend on an annualized basis and a yield of 3.93%. Haverty Furniture Companies’s dividend payout ratio (DPR) is 57.60%.
In related news, VP Jenny H. Parker sold 2,000 shares of the firm’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $20.50, for a total value of $41,000.00. Following the completion of the transaction, the vice president now owns 33,354 shares in the company, valued at approximately $683,757. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.05% of the company’s stock.
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About Haverty Furniture Companies
Haverty Furniture Companies, Inc is a retailer of residential furniture and accessories. The Company sells home furnishings in its retail stores and through its Website, havertys.com. As of December 31, 2016, the Company had 124 stores in 16 states in the Southern and Midwest regions. As of December 31, 2016, the Company’s retail store space totaled approximately 4.5 million square feet for 124 stores.
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