KBC Group NV lowered its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT – Get Rating) by 82.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,705 shares of the company's stock after selling 8,111 shares during the quarter. KBC Group NV's holdings in Haverty Furniture Companies were worth $40,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in HVT. Comerica Bank lifted its stake in shares of Haverty Furniture Companies by 4.0% in the 1st quarter. Comerica Bank now owns 13,185 shares of the company's stock valued at $359,000 after purchasing an additional 505 shares during the last quarter. Yousif Capital Management LLC grew its stake in Haverty Furniture Companies by 3.7% during the 1st quarter. Yousif Capital Management LLC now owns 13,998 shares of the company's stock worth $384,000 after buying an additional 505 shares during the last quarter. State of Tennessee Treasury Department grew its stake in Haverty Furniture Companies by 10.5% during the 1st quarter. State of Tennessee Treasury Department now owns 10,091 shares of the company's stock worth $277,000 after buying an additional 961 shares during the last quarter. Captrust Financial Advisors lifted its position in Haverty Furniture Companies by 74.8% during the 1st quarter. Captrust Financial Advisors now owns 3,500 shares of the company's stock worth $96,000 after acquiring an additional 1,498 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Haverty Furniture Companies by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,827 shares of the company's stock worth $352,000 after acquiring an additional 1,582 shares during the period. Hedge funds and other institutional investors own 84.47% of the company's stock.
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Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on Haverty Furniture Companies in a research report on Wednesday, October 12th. They set a "buy" rating for the company.
Haverty Furniture Companies Trading Down 1.4 %
NYSE HVT opened at $25.21 on Friday. The stock has a market capitalization of $427.69 million, a price-to-earnings ratio of 5.00 and a beta of 1.36. Haverty Furniture Companies, Inc. has a twelve month low of $22.77 and a twelve month high of $35.92. The stock has a 50-day moving average of $27.19 and a 200 day moving average of $26.75.
Haverty Furniture Companies (NYSE:HVT – Get Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $1.27 earnings per share (EPS) for the quarter. The business had revenue of $253.22 million during the quarter. Haverty Furniture Companies had a return on equity of 33.35% and a net margin of 8.80%.
Haverty Furniture Companies Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders of record on Monday, August 22nd were given a $0.28 dividend. The ex-dividend date was Friday, August 19th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.44%. Haverty Furniture Companies's dividend payout ratio (DPR) is presently 22.22%.
Insider Activity at Haverty Furniture Companies
In related news, SVP Rawson Haverty, Jr. sold 3,351 shares of the company's stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $29.94, for a total value of $100,328.94. Following the transaction, the senior vice president now directly owns 84,074 shares in the company, valued at $2,517,175.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Haverty Furniture Companies news, SVP Rawson Haverty, Jr. sold 3,351 shares of the company's stock in a transaction on Friday, August 12th. The stock was sold at an average price of $29.94, for a total transaction of $100,328.94. Following the transaction, the senior vice president now directly owns 84,074 shares in the company, valued at $2,517,175.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Steven G. Burdette sold 6,250 shares of the company's stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $30.00, for a total value of $187,500.00. Following the transaction, the president now owns 8,577 shares in the company, valued at $257,310. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,212 shares of company stock worth $717,400. Insiders own 7.43% of the company's stock.
Haverty Furniture Companies Profile
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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 Sealy, Stearns and Foster, Tempur-Pedic, and Serta names, as well as private label Skye name.
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