Rhumbline Advisers Sells 3,880 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

Rhumbline Advisers trimmed its position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 4.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,010 shares of the company’s stock after selling 3,880 shares during the quarter. Rhumbline Advisers owned 0.46% of Haverty Furniture Companies worth $1,897,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. EMC Capital Management boosted its position in shares of Haverty Furniture Companies by 10.3% during the first quarter. EMC Capital Management now owns 8,064 shares of the company’s stock worth $275,000 after purchasing an additional 750 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of Haverty Furniture Companies by 1.5% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 60,706 shares of the company’s stock worth $2,071,000 after purchasing an additional 907 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Haverty Furniture Companies by 22.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,545 shares of the company’s stock worth $140,000 after purchasing an additional 1,034 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Haverty Furniture Companies by 10.8% during the fourth quarter. BNP Paribas Financial Markets now owns 11,359 shares of the company’s stock worth $403,000 after purchasing an additional 1,108 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Haverty Furniture Companies by 79.9% during the second quarter. Harbor Capital Advisors Inc. now owns 7,772 shares of the company’s stock worth $197,000 after acquiring an additional 3,451 shares during the period. 80.57% of the stock is owned by institutional investors.

Haverty Furniture Companies Stock Up 0.6 %

Shares of NYSE:HVT opened at $27.62 on Friday. Haverty Furniture Companies, Inc. has a 12 month low of $23.09 and a 12 month high of $37.05. The company’s fifty day simple moving average is $27.34 and its 200 day simple moving average is $28.49. The firm has a market cap of $448.44 million, a price-to-earnings ratio of 10.04, a PEG 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 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. Haverty Furniture Companies had a net margin of 4.91% and a return on equity of 12.58%. The business had revenue of $178.60 million for the quarter, compared to analyst estimates of $182.37 million. Research analysts expect that Haverty Furniture Companies, Inc. will post 1.51 earnings per share for the current fiscal year.

Haverty Furniture Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 26th were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $1.28 annualized dividend and a yield of 4.63%. Haverty Furniture Companies’s payout ratio is currently 46.55%.

Wall Street Analysts Forecast Growth

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 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.