Systematic Financial Management LP Decreases Stake in Haverty Furniture Companies, Inc. (HVT)

Systematic Financial Management LP decreased its position in Haverty Furniture Companies, Inc. (NYSE:HVT) by 7.9% in the 1st quarter, HoldingsChannel reports. The fund owned 45,705 shares of the company’s stock after selling 3,925 shares during the period. Systematic Financial Management LP’s holdings in Haverty Furniture Companies were worth $1,000,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of HVT. Somerset Trust Co grew its position in shares of Haverty Furniture Companies by 152.8% in the 1st quarter. Somerset Trust Co now owns 1,279 shares of the company’s stock worth $28,000 after acquiring an additional 773 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Haverty Furniture Companies by 124.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,983 shares of the company’s stock worth $87,000 after acquiring an additional 2,208 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its position in shares of Haverty Furniture Companies by 360.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,836 shares of the company’s stock worth $110,000 after acquiring an additional 4,568 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Haverty Furniture Companies by 1,090.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,950 shares of the company’s stock worth $112,000 after acquiring an additional 5,450 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund acquired a new position in shares of Haverty Furniture Companies in the 4th quarter worth approximately $136,000. Institutional investors own 83.58% of the company’s stock.

Shares of HVT traded up $0.28 during mid-day trading on Tuesday, hitting $18.28. The stock had a trading volume of 26,039 shares, compared to its average volume of 141,424. The firm has a market cap of $363.47 million, a price-to-earnings ratio of 12.87 and a beta of 0.84. Haverty Furniture Companies, Inc. has a fifty-two week low of $17.52 and a fifty-two week high of $25.09.

Haverty Furniture Companies (NYSE:HVT) last issued its earnings results on Tuesday, April 30th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.05). The firm had revenue of $187.24 million during the quarter, compared to analyst estimates of $198.82 million. Haverty Furniture Companies had a return on equity of 9.68% and a net margin of 3.43%. Haverty Furniture Companies’s revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 EPS. As a group, sell-side analysts forecast that Haverty Furniture Companies, Inc. will post 1.33 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Tuesday, June 4th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 3.94%. Haverty Furniture Companies’s dividend payout ratio is currently 50.70%.

HVT has been the subject of several research reports. Zacks Investment Research upgraded Haverty Furniture Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, February 27th. TheStreet upgraded Haverty Furniture Companies from a “c+” rating to a “b-” rating in a research report on Thursday, February 14th. Finally, ValuEngine lowered Haverty Furniture Companies from a “hold” rating to a “sell” rating in a research report on Saturday.

In other Haverty Furniture Companies news, Director Alfredo Trujillo sold 5,136 shares of Haverty Furniture Companies stock in a transaction on Monday, March 4th. The stock was sold at an average price of $24.28, for a total transaction of $124,702.08. Following the sale, the director now owns 15,665 shares of the company’s stock, valued at approximately $380,346.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jenny H. Parker sold 7,069 shares of Haverty Furniture Companies stock in a transaction on Monday, February 25th. The shares were sold at an average price of $23.50, for a total value of $166,121.50. Following the sale, the vice president now directly owns 20,119 shares in the company, valued at approximately $472,796.50. The disclosure for this sale can be found here. Insiders have sold a total of 34,438 shares of company stock valued at $822,955 in the last 90 days. Insiders own 9.27% of the company’s stock.

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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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