Renaissance Technologies LLC Cuts Stake in Haverty Furniture Companies, Inc. (NYSE:HVT)

Renaissance Technologies LLC trimmed its stake in Haverty Furniture Companies, Inc. (NYSE:HVT) by 8.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 722,706 shares of the company’s stock after selling 68,900 shares during the quarter. Renaissance Technologies LLC’s holdings in Haverty Furniture Companies were worth $16,087,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pzena Investment Management LLC lifted its stake in shares of Haverty Furniture Companies by 33.7% in the 4th quarter. Pzena Investment Management LLC now owns 962,102 shares of the company’s stock valued at $21,416,000 after purchasing an additional 242,465 shares in the last quarter. Kanen Wealth Management LLC raised its holdings in Haverty Furniture Companies by 266.8% in the fourth quarter. Kanen Wealth Management LLC now owns 213,477 shares of the company’s stock valued at $4,752,000 after buying an additional 155,273 shares during the period. American Century Companies Inc. lifted its position in Haverty Furniture Companies by 9.8% during the fourth quarter. American Century Companies Inc. now owns 404,318 shares of the company’s stock valued at $9,000,000 after buying an additional 36,086 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Haverty Furniture Companies by 20.5% during the fourth quarter. Bank of New York Mellon Corp now owns 208,835 shares of the company’s stock worth $4,649,000 after buying an additional 35,511 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in shares of Haverty Furniture Companies in the fourth quarter worth $587,000. Institutional investors and hedge funds own 80.57% of the company’s stock.

Haverty Furniture Companies Stock Performance

HVT stock opened at $17.86 on Tuesday. The firm has a market cap of $289.22 million, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. Haverty Furniture Companies, Inc. has a 1 year low of $17.22 and a 1 year high of $33.04. The stock has a 50-day simple moving average of $20.88 and a 200-day simple moving average of $22.47.

Haverty Furniture Companies (NYSE:HVT) last released its quarterly earnings results on Monday, February 24th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.30. The firm had revenue of $184.35 million during the quarter, compared to analysts’ expectations of $179.84 million. Haverty Furniture Companies had a return on equity of 8.69% and a net margin of 3.57%. On average, equities research analysts predict that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current year.

Haverty Furniture Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Thursday, March 6th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 7.17%. The ex-dividend date of this dividend was Thursday, March 6th. Haverty Furniture Companies’s payout ratio is 109.40%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating in a report on Wednesday, March 19th.

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.