Robeco Institutional Asset Management B.V. trimmed its position in shares of Haverty Furniture Companies, Inc. ( – ) by 49.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,880 shares of the company’s stock after selling 10,529 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.07% of Haverty Furniture Companies worth $386,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in HVT. AJOVista LLC acquired a new stake in Haverty Furniture Companies during the 4th quarter valued at $71,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Haverty Furniture Companies by 62.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,511 shares of the company’s stock valued at $160,000 after purchasing an additional 1,740 shares in the last quarter. EMC Capital Management grew its holdings in Haverty Furniture Companies by 60.6% during the 3rd quarter. EMC Capital Management now owns 7,314 shares of the company’s stock valued at $210,000 after purchasing an additional 2,759 shares in the last quarter. Vision Capital Management Inc. acquired a new position in Haverty Furniture Companies during the 4th quarter worth $213,000. Finally, Yousif Capital Management LLC acquired a new position in Haverty Furniture Companies during the 4th quarter worth $235,000. 80.57% of the stock is owned by institutional investors and hedge funds.
Haverty Furniture Companies Price Performance
Shares of opened at $27.62 on Friday. The firm has a market cap of $448.47 million, a P/E ratio of 10.04, a P/E/G ratio of 1.45 and a beta of 1.54. Haverty Furniture Companies, Inc. has a 1-year low of $25.07 and a 1-year high of $37.05. The firm has a fifty day moving average of $30.75 and a two-hundred day moving average of $32.64.
Haverty Furniture Companies ( – ) 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). Haverty Furniture Companies had a return on equity of 14.98% and a net margin of 5.64%. The business had revenue of $184.00 million during the quarter, compared to the consensus estimate of $192.70 million. On average, sell-side analysts expect that Haverty Furniture Companies, Inc. will post 1.58 EPS for the current year.
Haverty Furniture Companies Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be given a $0.32 dividend. This is an increase from Haverty Furniture Companies’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date is Thursday, May 23rd. Haverty Furniture Companies’s dividend payout ratio (DPR) is presently 46.55%.
Analysts Set New Price Targets
Separately, Benchmark reissued a “buy” rating and set a $45.00 price objective on shares of Haverty Furniture Companies in a report on Thursday, May 2nd.
Haverty Furniture Companies Profile
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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.
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