Haverty Furniture Companies, Inc. (NYSE:HVT) Position Boosted by Axa S.A.

Axa S.A. grew its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 4.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,921 shares of the company’s stock after purchasing an additional 1,721 shares during the period. Axa S.A. owned approximately 0.23% of Haverty Furniture Companies worth $934,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Haverty Furniture Companies by 1.6% in the first quarter. Vanguard Group Inc. now owns 1,105,487 shares of the company’s stock worth $37,719,000 after buying an additional 17,354 shares during the period. Wulff Hansen & CO. boosted its holdings in shares of Haverty Furniture Companies by 2,503.4% in the second quarter. Wulff Hansen & CO. now owns 573,122 shares of the company’s stock worth $14,494,000 after buying an additional 551,108 shares during the period. American Century Companies Inc. boosted its holdings in shares of Haverty Furniture Companies by 19.0% in the second quarter. American Century Companies Inc. now owns 320,672 shares of the company’s stock worth $8,110,000 after buying an additional 51,302 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Haverty Furniture Companies by 14.2% in the first quarter. Russell Investments Group Ltd. now owns 93,908 shares of the company’s stock worth $3,204,000 after buying an additional 11,703 shares during the period. Finally, Empowered Funds LLC boosted its holdings in shares of Haverty Furniture Companies by 8.2% in the first quarter. Empowered Funds LLC now owns 71,911 shares of the company’s stock worth $2,454,000 after buying an additional 5,425 shares during the period. 80.57% of the stock is currently owned by institutional investors and hedge funds.

Haverty Furniture Companies Price Performance

NYSE HVT opened at $27.05 on Wednesday. The company has a 50 day simple moving average of $27.41 and a 200-day simple moving average of $28.19. The firm has a market capitalization of $439.18 million, a price-to-earnings ratio of 9.84, a price-to-earnings-growth ratio of 1.51 and a beta of 1.45. Haverty Furniture Companies, Inc. has a 52-week low of $23.09 and a 52-week high of $37.05.

Haverty Furniture Companies (NYSE:HVT) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. The business had revenue of $178.60 million during the quarter, compared to analyst estimates of $182.37 million. Haverty Furniture Companies had a net margin of 4.91% and a return on equity of 12.58%. On average, analysts predict that Haverty Furniture Companies, Inc. will post 1.51 EPS for the current year.

Haverty Furniture Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend was Monday, August 26th. Haverty Furniture Companies’s dividend payout ratio (DPR) is 46.55%.

Analyst Upgrades and Downgrades

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

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.