LSV Asset Management Has $18.25 Million Stock Holdings in Haverty Furniture Companies, Inc. (NYSE:HVT)

LSV Asset Management lowered its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 3.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 721,770 shares of the company’s stock after selling 27,300 shares during the period. LSV Asset Management’s holdings in Haverty Furniture Companies were worth $18,254,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in HVT. Russell Investments Group Ltd. grew its position in shares of Haverty Furniture Companies by 34.7% during the 4th quarter. Russell Investments Group Ltd. now owns 82,205 shares of the company’s stock worth $2,918,000 after buying an additional 21,159 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Haverty Furniture Companies by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 308,565 shares of the company’s stock worth $10,954,000 after purchasing an additional 9,064 shares during the period. BNP Paribas Financial Markets increased its stake in Haverty Furniture Companies by 10.8% in the fourth quarter. BNP Paribas Financial Markets now owns 11,359 shares of the company’s stock valued at $403,000 after purchasing an additional 1,108 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its holdings in shares of Haverty Furniture Companies by 66.8% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 14,604 shares of the company’s stock valued at $518,000 after purchasing an additional 5,847 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its position in shares of Haverty Furniture Companies by 1.5% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 60,706 shares of the company’s stock worth $2,071,000 after purchasing an additional 907 shares in the last quarter. 80.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Haverty Furniture Companies from a “hold” rating to a “buy” rating in a report on Thursday, August 22nd.

Haverty Furniture Companies Trading Up 0.8 %

HVT opened at $25.13 on Wednesday. Haverty Furniture Companies, Inc. has a 1-year low of $23.09 and a 1-year high of $37.05. The company has a market cap of $412.38 million, a price-to-earnings ratio of 9.14, a PEG ratio of 1.41 and a beta of 1.45. The company’s fifty day moving average price is $26.91 and its two-hundred day moving average price is $28.83.

Haverty Furniture Companies (NYSE:HVT) last posted its earnings results on Wednesday, July 31st. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. The company had revenue of $178.60 million for the quarter, compared to analyst estimates of $182.37 million. Haverty Furniture Companies had a net margin of 4.91% and a return on equity of 12.58%. As a group, equities analysts forecast that Haverty Furniture Companies, Inc. will post 1.51 earnings per share for the current fiscal year.

Haverty Furniture Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Monday, August 26th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, August 26th. This represents a $1.28 annualized dividend and a dividend yield of 5.09%. Haverty Furniture Companies’s payout ratio is 46.55%.

Haverty Furniture Companies Company 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 and eclectic looks; and mattress product lines under the Tempur-Pedic, Serta, Sealy, and Stearns and Foster names.