Principal Financial Group Inc. Reduces Stock Holdings in Haverty Furniture Companies, Inc. (NYSE:HVT)

Principal Financial Group Inc. decreased its position in Haverty Furniture Companies, Inc. (NYSE:HVT) by 5.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,422 shares of the company’s stock after selling 4,117 shares during the period. Principal Financial Group Inc. owned approximately 0.43% of Haverty Furniture Companies worth $2,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Haverty Furniture Companies by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,048,004 shares of the company’s stock worth $30,162,000 after buying an additional 5,342 shares during the period. Invesco Ltd. grew its holdings in Haverty Furniture Companies by 8.8% during the 3rd quarter. Invesco Ltd. now owns 322,446 shares of the company’s stock worth $9,280,000 after acquiring an additional 26,157 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Haverty Furniture Companies by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 308,565 shares of the company’s stock worth $10,954,000 after purchasing an additional 9,064 shares during the last quarter. American Century Companies Inc. increased its position in shares of Haverty Furniture Companies by 4.9% during the third quarter. American Century Companies Inc. now owns 203,389 shares of the company’s stock worth $5,854,000 after purchasing an additional 9,455 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Haverty Furniture Companies by 34.7% in the fourth quarter. Russell Investments Group Ltd. now owns 82,205 shares of the company’s stock valued at $2,918,000 after acquiring an additional 21,159 shares during the period. Institutional investors and hedge funds own 80.57% of the company’s stock.

Analyst Upgrades and Downgrades

HVT has been the topic of a number of research reports. StockNews.com lowered Haverty Furniture Companies from a “buy” rating to a “hold” rating in a report on Wednesday, June 19th. Benchmark reissued a “buy” rating and issued a $45.00 target price on shares of Haverty Furniture Companies in a report on Thursday, May 2nd.

Haverty Furniture Companies Stock Down 2.8 %

Shares of NYSE HVT traded down $0.67 during midday trading on Friday, hitting $23.37. The company had a trading volume of 29,130 shares, compared to its average volume of 128,996. The firm has a market capitalization of $379.53 million, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 1.34 and a beta of 1.44. Haverty Furniture Companies, Inc. has a twelve month low of $23.32 and a twelve month high of $37.05. The business has a 50-day simple moving average of $27.47 and a two-hundred day simple moving average of $31.53.

Haverty Furniture Companies (NYSE:HVT) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.19). The company had revenue of $184.00 million for the quarter, compared to analyst estimates of $192.70 million. Haverty Furniture Companies had a net margin of 5.64% and a return on equity of 14.98%. On average, equities analysts forecast that Haverty Furniture Companies, Inc. will post 1.5 EPS for the current year.

Haverty Furniture Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 24th were given a $0.32 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.48%. This is a boost from Haverty Furniture Companies’s previous quarterly dividend of $0.30. Haverty Furniture Companies’s dividend payout ratio (DPR) is currently 46.55%.

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.