Prudential Financial Inc. Reduces Holdings in Haverty Furniture Companies, Inc. (NYSE:HVT)

Prudential Financial Inc. decreased its position in Haverty Furniture Companies, Inc. (NYSE:HVT) by 20.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,459 shares of the company’s stock after selling 28,500 shares during the period. Prudential Financial Inc. owned 0.54% of Haverty Furniture Companies worth $1,898,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of HVT. AJO LP purchased a new stake in shares of Haverty Furniture Companies in the 1st quarter valued at approximately $4,229,000. Hennessy Advisors Inc. acquired a new position in shares of Haverty Furniture Companies in the 2nd quarter worth approximately $2,076,000. Acadian Asset Management LLC lifted its holdings in shares of Haverty Furniture Companies by 58.5% in the 1st quarter. Acadian Asset Management LLC now owns 199,506 shares of the company’s stock worth $4,367,000 after acquiring an additional 73,610 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Haverty Furniture Companies in the 1st quarter worth approximately $1,303,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of Haverty Furniture Companies by 70.4% in the 2nd quarter. Wells Fargo & Company MN now owns 85,834 shares of the company’s stock worth $1,461,000 after acquiring an additional 35,469 shares during the last quarter. 89.15% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently commented on HVT. Zacks Investment Research lowered shares of Haverty Furniture Companies from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. TheStreet upgraded shares of Haverty Furniture Companies from a “c+” rating to a “b” rating in a report on Friday, September 13th. Finally, ValuEngine upgraded shares of Haverty Furniture Companies from a “sell” rating to a “hold” rating in a report on Tuesday, August 13th.

Shares of HVT stock traded up $0.16 during trading hours on Thursday, hitting $20.00. The company had a trading volume of 1,619 shares, compared to its average volume of 114,039. The company’s fifty day moving average is $19.04 and its 200 day moving average is $19.82. Haverty Furniture Companies, Inc. has a fifty-two week low of $15.81 and a fifty-two week high of $25.09. The stock has a market capitalization of $406.67 million, a PE ratio of 13.98 and a beta of 0.92.

Haverty Furniture Companies (NYSE:HVT) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. The firm had revenue of $191.90 million for the quarter, compared to analyst estimates of $194.32 million. Haverty Furniture Companies had a net margin of 3.44% and a return on equity of 9.84%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.29 EPS. Equities research analysts expect that Haverty Furniture Companies, Inc. will post 1.25 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 26th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 23rd. This is a positive change from Haverty Furniture Companies’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 4.00%. Haverty Furniture Companies’s dividend payout ratio is 56.34%.

Haverty Furniture Companies Profile

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, as well as mattress product lines under the Sealy, Tempur-Pedic, Serta, Stearns & Foster, and Beautyrest Black names.

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

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