Haverty Furniture Companies, Inc. (NYSE:HVT) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 12.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,106 shares of the company’s stock after selling 703 shares during the period. Amalgamated Bank’s holdings in Haverty Furniture Companies were worth $181,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HVT. Assenagon Asset Management S.A. acquired a new stake in Haverty Furniture Companies during the third quarter valued at $814,000. Illinois Municipal Retirement Fund acquired a new stake in Haverty Furniture Companies during the third quarter valued at $244,000. Barclays PLC grew its position in Haverty Furniture Companies by 40.1% during the third quarter. Barclays PLC now owns 15,337 shares of the company’s stock valued at $441,000 after buying an additional 4,387 shares during the period. Swiss National Bank grew its position in Haverty Furniture Companies by 2.1% during the third quarter. Swiss National Bank now owns 29,700 shares of the company’s stock valued at $855,000 after buying an additional 600 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Haverty Furniture Companies by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 299,501 shares of the company’s stock valued at $8,620,000 after buying an additional 7,620 shares during the period. Institutional investors and hedge funds own 80.57% of the company’s stock.

Haverty Furniture Companies Stock Down 0.7 %

Shares of NYSE HVT opened at $28.10 on Thursday. The company’s 50-day simple moving average is $30.90 and its 200-day simple moving average is $32.69. Haverty Furniture Companies, Inc. has a 52-week low of $25.07 and a 52-week high of $37.05. The firm has a market cap of $456.23 million, a price-to-earnings ratio of 10.22, a price-to-earnings-growth ratio of 1.52 and a beta of 1.54.

Haverty Furniture Companies (NYSE:HVT) last announced its earnings results on Wednesday, May 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.19). Haverty Furniture Companies had a net margin of 5.64% and a return on equity of 14.98%. The company had revenue of $184.00 million during the quarter, compared to analyst estimates of $192.70 million. Equities research analysts anticipate that Haverty Furniture Companies, Inc. will post 1.58 EPS for the current fiscal year.

Haverty Furniture Companies Increases Dividend

The business also recently announced 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 a positive change from Haverty Furniture Companies’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.28 annualized dividend and a dividend yield of 4.56%. Haverty Furniture Companies’s dividend payout ratio (DPR) is 46.55%.

Analyst Ratings Changes

Separately, Benchmark restated a “buy” rating and set a $45.00 price target on shares of Haverty Furniture Companies in a research report on Thursday, May 2nd.

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.