Allianz Asset Management AG maintained its position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) during the fourth quarter, according to its most recent filing with the SEC. The firm owned 18,311 shares of the company’s stock at the end of the fourth quarter. Allianz Asset Management AG owned about 0.09% of Haverty Furniture Companies worth $434,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in HVT. BlackRock Inc. boosted its stake in shares of Haverty Furniture Companies by 26.3% in the third quarter. BlackRock Inc. now owns 12,580 shares of the company’s stock valued at $252,000 after buying an additional 2,619 shares during the period. DUPONT CAPITAL MANAGEMENT Corp purchased a new stake in shares of Haverty Furniture Companies during the third quarter valued at about $330,000. Cutter & CO Brokerage Inc. purchased a new stake in shares of Haverty Furniture Companies during the fourth quarter valued at about $344,000. ClariVest Asset Management LLC purchased a new stake in shares of Haverty Furniture Companies during the third quarter valued at about $411,000. Finally, Comerica Bank boosted its stake in shares of Haverty Furniture Companies by 5.0% in the fourth quarter. Comerica Bank now owns 20,287 shares of the company’s stock valued at $465,000 after buying an additional 975 shares during the period. Institutional investors and hedge funds own 77.88% of the company’s stock.
Shares of Haverty Furniture Companies, Inc. (NYSE:HVT) traded down 0.21% on Friday, hitting $24.20. The company’s stock had a trading volume of 81,378 shares. The stock has a 50-day moving average price of $23.41 and a 200 day moving average price of $22.09. Haverty Furniture Companies, Inc. has a one year low of $16.57 and a one year high of $25.50. The firm has a market cap of $511.08 million, a price-to-earnings ratio of 18.62 and a beta of 0.81.
Haverty Furniture Companies (NYSE:HVT) last released its quarterly earnings data on Tuesday, February 21st. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08. Haverty Furniture Companies had a net margin of 3.26% and a return on equity of 8.95%. The firm had revenue of $220.60 million for the quarter, compared to the consensus estimate of $220.61 million. Equities research analysts predict that Haverty Furniture Companies, Inc. will post $1.21 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 29th. Shareholders of record on Friday, March 10th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.98%. The ex-dividend date was Wednesday, March 8th. Haverty Furniture Companies’s dividend payout ratio (DPR) is presently 40.00%.
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Several brokerages have weighed in on HVT. Zacks Investment Research cut Haverty Furniture Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Sidoti began coverage on Haverty Furniture Companies in a research note on Friday, February 3rd. They set a “neutral” rating on the stock.
In related news, VP Jenny H. Parker sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $22.80, for a total transaction of $136,800.00. Following the transaction, the vice president now owns 28,209 shares of the company’s stock, valued at $643,165.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Rawson Haverty, Jr. sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $22.56, for a total transaction of $338,400.00. Following the transaction, the insider now directly owns 82,331 shares in the company, valued at approximately $1,857,387.36. The disclosure for this sale can be found here. 10.51% of the stock is owned by corporate insiders.
About Haverty Furniture Companies
Haverty Furniture Companies, Inc is a retailer of residential furniture and accessories. The Company sells home furnishings in its retail stores and through its Website, havertys.com. As of December 31, 2016, the Company had 124 stores in 16 states in the Southern and Midwest regions. As of December 31, 2016, the Company’s retail store space totaled approximately 4.5 million square feet for 124 stores.
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