Ajo LP bought a new position in Haverty Furniture Companies, Inc. (NYSE:HVT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 138,736 shares of the company’s stock, valued at approximately $3,482,000. Ajo LP owned approximately 0.71% of Haverty Furniture Companies at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Haverty Furniture Companies in the 1st quarter worth approximately $733,000. Bank of New York Mellon Corp boosted its holdings in shares of Haverty Furniture Companies by 5.9% in the 1st quarter. Bank of New York Mellon Corp now owns 318,730 shares of the company’s stock worth $7,761,000 after acquiring an additional 17,674 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Haverty Furniture Companies by 2.0% in the 1st quarter. Arizona State Retirement System now owns 10,075 shares of the company’s stock worth $245,000 after acquiring an additional 200 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Haverty Furniture Companies by 6.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 87,603 shares of the company’s stock worth $2,134,000 after acquiring an additional 5,100 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Haverty Furniture Companies by 83.7% in the 2nd quarter. Bank of Montreal Can now owns 16,420 shares of the company’s stock worth $412,000 after acquiring an additional 7,481 shares in the last quarter. 79.06% of the stock is currently owned by institutional investors and hedge funds.

Haverty Furniture Companies, Inc. (NYSE:HVT) opened at 25.70 on Monday. Haverty Furniture Companies, Inc. has a 12-month low of $16.57 and a 12-month high of $26.30. The firm has a market cap of $545.30 million, a P/E ratio of 18.14 and a beta of 1.06. The firm’s 50-day moving average price is $24.10 and its 200 day moving average price is $23.89.

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

The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Wednesday, August 23rd were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend was Monday, August 21st. This is a boost from Haverty Furniture Companies’s previous quarterly dividend of $0.12. Haverty Furniture Companies’s payout ratio is presently 42.25%.

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Several research analysts have issued reports on HVT shares. Zacks Investment Research downgraded Haverty Furniture Companies from a “buy” rating to a “hold” rating in a report on Monday, June 19th. ValuEngine raised Haverty Furniture Companies from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $28.00.

In other Haverty Furniture Companies news, insider Rawson Haverty, Jr. sold 1,391 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $23.83, for a total transaction of $33,147.53. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 10.31% of the company’s stock.

About Haverty Furniture Companies

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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