New York State Teachers Retirement System Sells 1,047 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

New York State Teachers Retirement System cut its holdings in Haverty Furniture Companies, Inc. (NYSE:HVT) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,030 shares of the company’s stock after selling 1,047 shares during the quarter. New York State Teachers Retirement System owned approximately 0.18% of Haverty Furniture Companies worth $1,031,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HVT. BlackRock Inc. increased its stake in shares of Haverty Furniture Companies by 13.5% in the first quarter. BlackRock Inc. now owns 3,101,540 shares of the company’s stock valued at $85,045,000 after buying an additional 369,931 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Haverty Furniture Companies by 1,267.8% in the first quarter. First Trust Advisors LP now owns 334,971 shares of the company’s stock valued at $9,185,000 after buying an additional 310,481 shares in the last quarter. Norges Bank acquired a new stake in shares of Haverty Furniture Companies in the fourth quarter valued at $4,141,000. Millennium Management LLC increased its stake in shares of Haverty Furniture Companies by 515.0% in the fourth quarter. Millennium Management LLC now owns 132,958 shares of the company’s stock valued at $3,975,000 after buying an additional 111,340 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Haverty Furniture Companies by 67.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 242,367 shares of the company’s stock valued at $7,247,000 after buying an additional 97,550 shares in the last quarter. 80.57% of the stock is currently owned by institutional investors and hedge funds.

Haverty Furniture Companies Stock Down 0.5 %

Shares of HVT stock opened at $30.28 on Thursday. The stock has a 50-day moving average price of $33.09 and a 200 day moving average price of $32.27. The firm has a market cap of $489.02 million, a price-to-earnings ratio of 9.04, a PEG ratio of 1.04 and a beta of 1.53. Haverty Furniture Companies, Inc. has a 12 month low of $25.05 and a 12 month high of $37.05.

Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.06). The firm had revenue of $210.74 million during the quarter, compared to analyst estimates of $230.06 million. Haverty Furniture Companies had a return on equity of 18.36% and a net margin of 6.53%. Sell-side analysts predict that Haverty Furniture Companies, Inc. will post 2.45 earnings per share for the current fiscal year.

Haverty Furniture Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Monday, March 11th were given a $0.30 dividend. The ex-dividend date was Friday, March 8th. This represents a $1.20 dividend on an annualized basis and a yield of 3.96%. Haverty Furniture Companies’s payout ratio is 35.82%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Haverty Furniture Companies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 6th.

Haverty Furniture Companies 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.