Haverty Furniture Companies, Inc. $HVT Shares Sold by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. lessened its position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 25.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 156,713 shares of the company’s stock after selling 52,401 shares during the period. Deprince Race & Zollo Inc. owned about 0.97% of Haverty Furniture Companies worth $3,319,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of Haverty Furniture Companies in the 2nd quarter worth about $31,000. CANADA LIFE ASSURANCE Co grew its position in shares of Haverty Furniture Companies by 57.0% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,721 shares of the company’s stock valued at $40,000 after buying an additional 625 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Haverty Furniture Companies during the fourth quarter worth about $45,000. State of Wyoming acquired a new stake in Haverty Furniture Companies during the second quarter worth about $58,000. Finally, CWM LLC lifted its holdings in Haverty Furniture Companies by 74.8% in the fourth quarter. CWM LLC now owns 5,940 shares of the company’s stock worth $139,000 after acquiring an additional 2,541 shares during the last quarter. 80.57% of the stock is currently owned by institutional investors.

Haverty Furniture Companies Stock Performance

NYSE HVT opened at $24.96 on Friday. Haverty Furniture Companies, Inc. has a 1 year low of $19.53 and a 1 year high of $27.67. The business’s fifty day moving average is $23.00 and its two-hundred day moving average is $23.65. The stock has a market capitalization of $401.56 million, a P/E ratio of 20.80, a P/E/G ratio of 1.31 and a beta of 1.18.

Haverty Furniture Companies (NYSE:HVT) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. Haverty Furniture Companies had a return on equity of 6.60% and a net margin of 2.64%.The firm had revenue of $189.05 million for the quarter, compared to the consensus estimate of $191.99 million. On average, research analysts forecast that Haverty Furniture Companies, Inc. will post 1.62 earnings per share for the current year.

Haverty Furniture Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Monday, June 1st were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.32 dividend on an annualized basis and a yield of 5.3%. Haverty Furniture Companies’s dividend payout ratio (DPR) is presently 110.00%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on HVT shares. Zacks Research downgraded shares of Haverty Furniture Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 26th. Weiss Ratings cut shares of Haverty Furniture Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Finally, Wall Street Zen cut shares of Haverty Furniture Companies from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

About Haverty Furniture Companies

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and home décor in the United States. Founded in 1885 by J.J. Haverty and headquartered in Atlanta, Georgia, the company offers a broad assortment of upholstered furniture, case goods, mattresses, area rugs and decorative accessories. Customers can shop through a network of company-owned showrooms as well as an e-commerce platform, supported by in-house design services, delivery options and consumer financing programs.

Over more than a century of operation, Havertys has expanded its presence primarily across the Southeast and select markets beyond.