Principal Financial Group Inc. Trims Position in Haverty Furniture Companies, Inc. (NYSE:HVT)

Principal Financial Group Inc. decreased its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 5.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 65,770 shares of the company’s stock after selling 3,652 shares during the quarter. Principal Financial Group Inc.’s holdings in Haverty Furniture Companies were worth $1,663,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HVT. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Haverty Furniture Companies by 22.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,545 shares of the company’s stock valued at $140,000 after acquiring an additional 1,034 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Haverty Furniture Companies by 79.9% in the second quarter. Harbor Capital Advisors Inc. now owns 7,772 shares of the company’s stock valued at $197,000 after purchasing an additional 3,451 shares during the period. EMC Capital Management raised its stake in shares of Haverty Furniture Companies by 10.3% during the first quarter. EMC Capital Management now owns 8,064 shares of the company’s stock worth $275,000 after purchasing an additional 750 shares during the last quarter. Caxton Associates LP lifted its holdings in shares of Haverty Furniture Companies by 88.2% during the first quarter. Caxton Associates LP now owns 19,743 shares of the company’s stock worth $674,000 after purchasing an additional 9,254 shares during the period. Finally, UniSuper Management Pty Ltd purchased a new position in Haverty Furniture Companies in the 1st quarter valued at $379,000. Hedge funds and other institutional investors own 80.57% of the company’s stock.

Haverty Furniture Companies Stock Up 1.6 %

NYSE HVT opened at $25.91 on Friday. Haverty Furniture Companies, Inc. has a 52-week low of $23.09 and a 52-week high of $37.05. The firm has a 50-day moving average price of $26.94 and a 200 day moving average price of $28.81. The stock has a market capitalization of $420.67 million, a P/E ratio of 9.42, a P/E/G ratio of 1.41 and a beta of 1.45.

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

Haverty Furniture Companies Announces Dividend

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 $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend was Monday, August 26th. Haverty Furniture Companies’s dividend payout ratio (DPR) is currently 46.55%.

Analysts Set New Price Targets

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

About Haverty Furniture Companies

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.