Acadian Asset Management LLC Purchases 395 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

Acadian Asset Management LLC grew its stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,855 shares of the company’s stock after purchasing an additional 395 shares during the period. Acadian Asset Management LLC owned approximately 0.20% of Haverty Furniture Companies worth $804,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Denali Advisors LLC lifted its holdings in Haverty Furniture Companies by 61.1% during the first quarter. Denali Advisors LLC now owns 56,400 shares of the company’s stock valued at $1,924,000 after purchasing an additional 21,400 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Haverty Furniture Companies by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 1,105,487 shares of the company’s stock valued at $37,719,000 after purchasing an additional 17,354 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Haverty Furniture Companies by 14.2% in the 1st quarter. Russell Investments Group Ltd. now owns 93,908 shares of the company’s stock valued at $3,204,000 after purchasing an additional 11,703 shares during the period. UniSuper Management Pty Ltd purchased a new position in Haverty Furniture Companies during the 1st quarter valued at about $379,000. Finally, BNP Paribas Financial Markets increased its stake in shares of Haverty Furniture Companies by 82.2% during the first quarter. BNP Paribas Financial Markets now owns 20,694 shares of the company’s stock valued at $706,000 after purchasing an additional 9,335 shares in the last quarter. Institutional investors own 80.57% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Haverty Furniture Companies from a “hold” rating to a “buy” rating in a report on Thursday, August 22nd.

Haverty Furniture Companies Stock Down 2.6 %

HVT stock opened at $26.35 on Tuesday. The firm’s fifty day simple moving average is $27.05 and its two-hundred day simple moving average is $28.66. Haverty Furniture Companies, Inc. has a twelve month low of $23.09 and a twelve month high of $37.05. The stock has a market capitalization of $427.82 million, a price-to-earnings ratio of 9.84, a price-to-earnings-growth ratio of 1.41 and a beta of 1.45.

Haverty Furniture Companies (NYSE:HVT) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. Haverty Furniture Companies had a return on equity of 12.58% and a net margin of 4.91%. The firm had revenue of $178.60 million during the quarter, compared to analysts’ expectations of $182.37 million. As a group, equities research analysts expect that Haverty Furniture Companies, Inc. will post 1.51 EPS for the current year.

Haverty Furniture Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 26th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date of this dividend was Monday, August 26th. Haverty Furniture Companies’s dividend payout ratio is presently 46.55%.

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.