Alliancebernstein L.P. lowered its position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 19.3% during the first quarter, Holdings Channel reports. The firm owned 14,200 shares of the company’s stock after selling 3,400 shares during the period. Alliancebernstein L.P.’s holdings in Haverty Furniture Companies were worth $346,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in HVT. Mason Street Advisors LLC boosted its stake in Haverty Furniture Companies by 8.2% in the first quarter. Mason Street Advisors LLC now owns 4,514 shares of the company’s stock valued at $110,000 after buying an additional 342 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Haverty Furniture Companies by 569.9% in the first quarter. Russell Investments Group Ltd. now owns 5,600 shares of the company’s stock valued at $136,000 after buying an additional 4,764 shares during the last quarter. Bank of Montreal Can boosted its stake in Haverty Furniture Companies by 5.3% in the first quarter. Bank of Montreal Can now owns 8,939 shares of the company’s stock valued at $218,000 after buying an additional 449 shares during the last quarter. Karp Capital Management Corp bought a new stake in Haverty Furniture Companies during the first quarter valued at $244,000. Finally, Arizona State Retirement System boosted its stake in Haverty Furniture Companies by 2.0% in the first quarter. Arizona State Retirement System now owns 10,075 shares of the company’s stock valued at $245,000 after buying an additional 200 shares during the last quarter. Institutional investors own 78.75% of the company’s stock.

Haverty Furniture Companies, Inc. (NYSE:HVT) traded down 2.41% during midday trading on Friday, hitting $24.30. 97,446 shares of the company traded hands. The stock’s 50-day moving average price is $23.47 and its 200 day moving average price is $23.61. The company has a market capitalization of $515.60 million, a price-to-earnings ratio of 17.15 and a beta of 1.11. Haverty Furniture Companies, Inc. has a 12-month low of $16.57 and a 12-month high of $26.30.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Wednesday, August 23rd will be issued a dividend of $0.15 per share. This is an increase from Haverty Furniture Companies’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, August 21st. This represents a $0.60 annualized dividend and a dividend yield of 2.47%. Haverty Furniture Companies’s payout ratio is presently 33.80%.

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Several research firms recently weighed in on HVT. Zacks Investment Research upgraded shares of Haverty Furniture Companies from a “sell” rating to a “hold” rating in a research note on Thursday. ValuEngine upgraded shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $28.00.

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

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.

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

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