Haverty Furniture Companies, Inc. (NYSE:HVT) Stake Cut by EMC Capital Management

EMC Capital Management decreased its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 72.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,064 shares of the company’s stock after selling 21,502 shares during the period. EMC Capital Management’s holdings in Haverty Furniture Companies were worth $180,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Public Sector Pension Investment Board lifted its holdings in Haverty Furniture Companies by 5.9% in the second quarter. Public Sector Pension Investment Board now owns 29,317 shares of the company’s stock worth $741,000 after acquiring an additional 1,638 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Haverty Furniture Companies by 33.5% in the 2nd quarter. AQR Capital Management LLC now owns 76,299 shares of the company’s stock worth $1,930,000 after purchasing an additional 19,143 shares during the last quarter. Millennium Management LLC acquired a new position in Haverty Furniture Companies during the 2nd quarter valued at approximately $3,161,000. Inspire Investing LLC bought a new position in Haverty Furniture Companies during the 3rd quarter worth $415,000. Finally, Koss Olinger Consulting LLC increased its position in Haverty Furniture Companies by 7.0% in the third quarter. Koss Olinger Consulting LLC now owns 15,244 shares of the company’s stock worth $419,000 after buying an additional 991 shares during the period. 80.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research report on Friday, October 25th.

Haverty Furniture Companies Price Performance

HVT opened at $23.56 on Friday. The business has a 50 day moving average price of $22.68 and a two-hundred day moving average price of $24.88. The company has a market capitalization of $386.54 million, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 1.20 and a beta of 1.48. Haverty Furniture Companies, Inc. has a 1-year low of $21.05 and a 1-year high of $37.05.

Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.19). Haverty Furniture Companies had a net margin of 3.57% and a return on equity of 8.69%. The firm had revenue of $175.91 million during the quarter, compared to analyst estimates of $192.85 million. During the same quarter last year, the company earned $1.02 EPS. Equities analysts expect that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current fiscal year.

Haverty Furniture Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, November 26th were issued a $0.32 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.43%. Haverty Furniture Companies’s payout ratio is currently 80.50%.

About Haverty Furniture Companies

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.