Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp decreased its position in Haverty Furniture Companies, Inc. (NYSE:HVT) by 16.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,100 shares of the company’s stock after selling 12,600 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Haverty Furniture Companies were worth $1,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of the stock. D. E. Shaw & Co. Inc. raised its stake in Haverty Furniture Companies by 1.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 136,916 shares of the company’s stock worth $2,571,000 after acquiring an additional 1,944 shares during the last quarter. Geode Capital Management LLC raised its stake in Haverty Furniture Companies by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 251,989 shares of the company’s stock worth $4,732,000 after acquiring an additional 1,819 shares during the last quarter. Bessemer Group Inc. purchased a new position in Haverty Furniture Companies in the 4th quarter worth $903,000. Martingale Asset Management L P raised its stake in Haverty Furniture Companies by 622.4% in the 4th quarter. Martingale Asset Management L P now owns 93,909 shares of the company’s stock worth $1,764,000 after acquiring an additional 80,909 shares during the last quarter. Finally, Royce & Associates LP raised its stake in Haverty Furniture Companies by 14.3% in the 4th quarter. Royce & Associates LP now owns 1,490,400 shares of the company’s stock worth $27,990,000 after acquiring an additional 186,700 shares during the last quarter. Institutional investors own 84.82% of the company’s stock.
NYSE HVT opened at $22.06 on Monday. The stock has a market cap of $453.77 million, a price-to-earnings ratio of 15.54 and a beta of 0.83. Haverty Furniture Companies, Inc. has a fifty-two week low of $17.70 and a fifty-two week high of $24.88. The company has a quick ratio of 1.09, a current ratio of 2.29 and a debt-to-equity ratio of 0.17.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, March 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.26%. Haverty Furniture Companies’s payout ratio is currently 50.70%.
In other Haverty Furniture Companies news, VP Jenny H. Parker sold 7,069 shares of Haverty Furniture Companies stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $23.50, for a total transaction of $166,121.50. Following the completion of the transaction, the vice president now owns 20,119 shares in the company, valued at approximately $472,796.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Clarence H. Smith sold 9,976 shares of Haverty Furniture Companies stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $24.01, for a total value of $239,523.76. Following the transaction, the chief executive officer now owns 32,820 shares of the company’s stock, valued at approximately $788,008.20. The disclosure for this sale can be found here. Insiders have sold a total of 34,438 shares of company stock valued at $822,955 in the last quarter. Company insiders own 3.05% of the company’s stock.
HVT has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Haverty Furniture Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, February 27th. ValuEngine lowered Haverty Furniture Companies from a “hold” rating to a “sell” rating in a research note on Saturday, December 1st. Finally, TheStreet upgraded Haverty Furniture Companies from a “c+” rating to a “b-” rating in a research note on Thursday, February 14th.
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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, as well as mattress product lines under the Sealy, Tempur-Pedic, Serta, Stearns & Foster, and Beautyrest Black names.
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