Sei Investments Co. Cuts Stake in Haverty Furniture Companies, Inc. (NYSE:HVT)

Sei Investments Co. decreased its position in Haverty Furniture Companies, Inc. (NYSE:HVT) by 17.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,107 shares of the company’s stock after selling 6,475 shares during the period. Sei Investments Co.’s holdings in Haverty Furniture Companies were worth $761,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Waters Parkerson & CO. LLC raised its position in Haverty Furniture Companies by 14.1% in the second quarter. Waters Parkerson & CO. LLC now owns 28,300 shares of the company’s stock worth $716,000 after acquiring an additional 3,500 shares in the last quarter. Wulff Hansen & CO. increased its holdings in shares of Haverty Furniture Companies by 2,503.4% in the 2nd quarter. Wulff Hansen & CO. now owns 573,122 shares of the company’s stock valued at $14,494,000 after purchasing an additional 551,108 shares in the last quarter. WINTON GROUP Ltd lifted its stake in shares of Haverty Furniture Companies by 40.1% in the second quarter. WINTON GROUP Ltd now owns 36,577 shares of the company’s stock valued at $925,000 after purchasing an additional 10,469 shares during the period. Vest Financial LLC acquired a new stake in shares of Haverty Furniture Companies in the second quarter valued at about $1,087,000. Finally, American Century Companies Inc. boosted its holdings in Haverty Furniture Companies by 19.0% during the second quarter. American Century Companies Inc. now owns 320,672 shares of the company’s stock worth $8,110,000 after buying an additional 51,302 shares in the last quarter. Hedge funds and other institutional investors own 80.57% of the company’s stock.

Haverty Furniture Companies Trading Down 2.0 %

NYSE:HVT opened at $25.98 on Wednesday. Haverty Furniture Companies, Inc. has a 12-month low of $23.09 and a 12-month high of $37.05. The firm has a market cap of $421.81 million, a price-to-earnings ratio of 9.45, a price-to-earnings-growth ratio of 1.51 and a beta of 1.45. The company’s 50-day moving average is $27.29 and its two-hundred day moving average is $27.95.

Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.27 EPS for the quarter, beating 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 forecast that Haverty Furniture Companies, Inc. will post 1.51 earnings per share for the current fiscal year.

Haverty Furniture Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 26th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $1.28 annualized dividend and a yield of 4.93%. Haverty Furniture Companies’s dividend payout ratio is presently 46.55%.

Analyst Upgrades and Downgrades

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

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.