Haverty Furniture Companies, Inc. (NYSE:HVT) Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. decreased its stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 37.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 46,141 shares of the company’s stock after selling 27,441 shares during the period. Goldman Sachs Group Inc. owned about 0.22% of Haverty Furniture Companies worth $1,124,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of HVT. Renaissance Technologies LLC boosted its position in Haverty Furniture Companies by 2.6% in the first quarter. Renaissance Technologies LLC now owns 1,401,100 shares of the company’s stock valued at $34,117,000 after buying an additional 35,600 shares during the period. LSV Asset Management boosted its position in Haverty Furniture Companies by 24.6% in the first quarter. LSV Asset Management now owns 1,083,506 shares of the company’s stock valued at $26,383,000 after buying an additional 213,800 shares during the period. Vanguard Group Inc. boosted its position in Haverty Furniture Companies by 4.0% in the first quarter. Vanguard Group Inc. now owns 934,116 shares of the company’s stock valued at $22,746,000 after buying an additional 35,606 shares during the period. State Street Corp boosted its position in Haverty Furniture Companies by 5.4% in the fourth quarter. State Street Corp now owns 455,648 shares of the company’s stock valued at $10,800,000 after buying an additional 23,320 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Haverty Furniture Companies by 5.9% in the first quarter. Bank of New York Mellon Corp now owns 318,730 shares of the company’s stock valued at $7,761,000 after buying an additional 17,674 shares during the period. 78.75% of the stock is currently owned by hedge funds and other institutional investors.

Haverty Furniture Companies, Inc. (NYSE:HVT) traded down 1.41% during trading on Friday, hitting $24.55. The stock had a trading volume of 25,976 shares. Haverty Furniture Companies, Inc. has a 12 month low of $16.57 and a 12 month high of $26.30. The stock has a market cap of $520.90 million, a price-to-earnings ratio of 17.33 and a beta of 1.11. The stock has a 50 day moving average price of $23.45 and a 200-day moving average price of $23.60.

Haverty Furniture Companies (NYSE:HVT) last issued its quarterly earnings results on Monday, July 31st. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.10. Haverty Furniture Companies had a return on equity of 10.58% and a net margin of 3.67%. The firm had revenue of $196.80 million during the quarter, compared to analyst estimates of $199.03 million. During the same period last year, the company earned $0.24 EPS. Haverty Furniture Companies’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, equities analysts predict that Haverty Furniture Companies, Inc. will post $1.28 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 23rd will be given a dividend of $0.15 per share. The ex-dividend date is Monday, August 21st. This is a positive change from Haverty Furniture Companies’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a yield of 2.41%. Haverty Furniture Companies’s payout ratio is 33.80%.

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Several equities analysts have recently issued reports on HVT shares. ValuEngine raised Haverty Furniture Companies from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research raised Haverty Furniture Companies from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Wednesday, June 21st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $28.00.

In other Haverty Furniture Companies news, insider Steven G. Burdette sold 4,800 shares of Haverty Furniture Companies stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $23.50, for a total transaction of $112,800.00. Following the completion of the sale, the insider now directly owns 3,657 shares of the company’s stock, valued at approximately $85,939.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Rawson Haverty, Jr. sold 1,964 shares of Haverty Furniture Companies stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $23.52, for a total value of $46,193.28. Following the sale, the insider now directly owns 400 shares of the company’s stock, valued at $9,408. The disclosure for this sale can be found here. Insiders own 10.31% of the company’s stock.

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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Institutional Ownership by Quarter for Haverty Furniture Companies (NYSE:HVT)

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