Two Sigma Investments LP trimmed its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 31.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 45,864 shares of the company’s stock after selling 21,112 shares during the period. Two Sigma Investments LP’s holdings in Haverty Furniture Companies were worth $1,039,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of HVT. Assenagon Asset Management S.A. acquired a new stake in shares of Haverty Furniture Companies in the fourth quarter valued at about $4,341,000. BlackRock Inc. grew its position in shares of Haverty Furniture Companies by 4.2% in the fourth quarter. BlackRock Inc. now owns 2,811,047 shares of the company’s stock valued at $63,670,000 after purchasing an additional 112,996 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new stake in shares of Haverty Furniture Companies in the fourth quarter valued at about $976,000. Arrowstreet Capital Limited Partnership grew its position in shares of Haverty Furniture Companies by 37.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 146,677 shares of the company’s stock valued at $3,322,000 after purchasing an additional 39,900 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Haverty Furniture Companies by 27.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 176,108 shares of the company’s stock valued at $3,989,000 after purchasing an additional 37,746 shares during the last quarter. 81.90% of the stock is currently owned by institutional investors.
In related news, VP Jenny H. Parker sold 2,000 shares of Haverty Furniture Companies stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $20.50, for a total transaction of $41,000.00. Following the sale, the vice president now directly owns 33,354 shares of the company’s stock, valued at $683,757. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.05% of the stock is owned by company insiders.
Several equities research analysts have recently issued reports on HVT shares. Zacks Investment Research raised Haverty Furniture Companies from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Friday, January 12th. TheStreet downgraded Haverty Furniture Companies from a “b” rating to a “c+” rating in a research report on Tuesday, February 20th.
HVT stock opened at $19.00 on Monday. Haverty Furniture Companies, Inc. has a twelve month low of $18.60 and a twelve month high of $27.23. The stock has a market cap of $402.69, a P/E ratio of 15.20 and a beta of 0.99. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.20 and a current ratio of 2.35.
Haverty Furniture Companies (NYSE:HVT) last released its earnings results on Tuesday, February 20th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.10. Haverty Furniture Companies had a return on equity of 9.24% and a net margin of 2.57%. The business had revenue of $214.96 million for the quarter, compared to the consensus estimate of $221.20 million. During the same period last year, the business earned $0.52 earnings per share. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. sell-side analysts predict that Haverty Furniture Companies, Inc. will post 1.45 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Wednesday, March 14th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, March 13th. This is an increase from Haverty Furniture Companies’s previous quarterly dividend of $0.15. This represents a $0.72 dividend on an annualized basis and a yield of 3.79%. Haverty Furniture Companies’s dividend payout ratio (DPR) is 57.60%.
WARNING: This news story was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright legislation. The correct version of this news story can be accessed at https://www.dispatchtribunal.com/2018/04/09/two-sigma-investments-lp-has-1-04-million-holdings-in-haverty-furniture-companies-inc-hvt.html.
Haverty Furniture Companies Company Profile
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.
Want to see what other hedge funds are holding HVT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Haverty Furniture Companies, Inc. (NYSE:HVT).
Receive News & Ratings for Haverty Furniture Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Haverty Furniture Companies and related companies with MarketBeat.com's FREE daily email newsletter.