Oregon Public Employees Retirement Fund trimmed its stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT – Get Rating) by 20.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,530 shares of the company's stock after selling 1,200 shares during the period. Oregon Public Employees Retirement Fund's holdings in Haverty Furniture Companies were worth $105,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Captrust Financial Advisors lifted its holdings in Haverty Furniture Companies by 74.8% in the first quarter. Captrust Financial Advisors now owns 3,500 shares of the company's stock valued at $96,000 after buying an additional 1,498 shares during the period. MetLife Investment Management LLC lifted its holdings in Haverty Furniture Companies by 49.6% in the first quarter. MetLife Investment Management LLC now owns 9,579 shares of the company's stock valued at $263,000 after buying an additional 3,176 shares during the period. Quantbot Technologies LP acquired a new position in Haverty Furniture Companies in the first quarter valued at approximately $265,000. State of Tennessee Treasury Department lifted its holdings in Haverty Furniture Companies by 10.5% in the first quarter. State of Tennessee Treasury Department now owns 10,091 shares of the company's stock valued at $277,000 after buying an additional 961 shares during the period. Finally, Belpointe Asset Management LLC acquired a new position in Haverty Furniture Companies in the first quarter valued at approximately $300,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.
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Analyst Ratings Changes
Separately, StockNews.com began coverage on shares of Haverty Furniture Companies in a report on Wednesday, October 12th. They issued a "buy" rating on the stock.
Insiders Place Their Bets
In other news, CEO Clarence H. Smith sold 11,260 shares of the stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $29.24, for a total transaction of $329,242.40. Following the completion of the sale, the chief executive officer now owns 19,618 shares of the company's stock, valued at $573,630.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through
this hyperlink. In other news, CEO Clarence H. Smith sold 11,260 shares of the stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $29.24, for a total transaction of $329,242.40. Following the completion of the sale, the chief executive officer now owns 19,618 shares of the company's stock, valued at $573,630.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through
this hyperlink. Also, President Steven G. Burdette sold 6,250 shares of the stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $30.00, for a total transaction of $187,500.00. Following the sale, the president now directly owns 8,577 shares of the company's stock, valued at approximately $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. Company insiders own 7.43% of the company's stock.
Haverty Furniture Companies Stock Performance
HVT opened at $25.49 on Monday. The firm's fifty day moving average is $27.00 and its two-hundred day moving average is $26.73. The firm has a market cap of $432.44 million, a PE ratio of 5.09 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.
Haverty Furniture Companies (NYSE:HVT – Get Rating) last posted its earnings results on Tuesday, August 2nd. The company reported $1.27 earnings per share for the quarter. The company had revenue of $253.22 million for the quarter. Haverty Furniture Companies had a net margin of 8.80% and a return on equity of 33.35%.
Haverty Furniture Companies Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Shareholders of record on Monday, August 22nd were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, August 19th. This represents a $1.12 annualized dividend and a yield of 4.39%. Haverty Furniture Companies's dividend payout ratio (DPR) is presently 22.22%.
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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