Exchange Traded Concepts LLC Decreases Holdings in Haverty Furniture Companies, Inc. (NYSE:HVT)

Exchange Traded Concepts LLC trimmed its holdings in Haverty Furniture Companies, Inc. (NYSE:HVT) by 18.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 10,923 shares of the company’s stock after selling 2,498 shares during the quarter. Exchange Traded Concepts LLC owned 0.07% of Haverty Furniture Companies worth $300,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Inspire Investing LLC bought a new stake in Haverty Furniture Companies in the third quarter worth $415,000. Millennium Management LLC bought a new stake in shares of Haverty Furniture Companies in the 2nd quarter valued at about $3,161,000. Deprince Race & Zollo Inc. boosted its holdings in Haverty Furniture Companies by 28.3% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 145,895 shares of the company’s stock valued at $3,690,000 after acquiring an additional 32,175 shares during the period. AQR Capital Management LLC lifted its position in Haverty Furniture Companies by 33.5% in the second quarter. AQR Capital Management LLC now owns 76,299 shares of the company’s stock valued at $1,930,000 after purchasing an additional 19,143 shares during the last quarter. Finally, AXA S.A. boosted its stake in shares of Haverty Furniture Companies by 4.9% during the second quarter. AXA S.A. now owns 36,921 shares of the company’s stock valued at $934,000 after purchasing an additional 1,721 shares during the period. Institutional investors own 80.57% of the company’s stock.

Haverty Furniture Companies Trading Down 0.4 %

Shares of NYSE:HVT opened at $25.54 on Monday. The company has a market cap of $414.67 million, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 1.46 and a beta of 1.45. Haverty Furniture Companies, Inc. has a 12 month low of $23.09 and a 12 month high of $37.05. The company has a 50-day moving average price of $26.80 and a 200-day moving average price of $27.54.

Haverty Furniture Companies (NYSE:HVT) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $178.60 million during the quarter, compared to analysts’ expectations of $182.37 million. As a group, research analysts forecast that Haverty Furniture Companies, Inc. will post 1.45 EPS for the current fiscal year.

Haverty Furniture Companies Dividend Announcement

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 5.01%. The ex-dividend date was Monday, August 26th. Haverty Furniture Companies’s payout ratio is currently 46.55%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating in a research note on Thursday.

Haverty Furniture Companies Company 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.