Amalgamated Bank Sells 370 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

Amalgamated Bank cut its stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 8.6% in the second quarter, Holdings Channel reports. The firm owned 3,944 shares of the company’s stock after selling 370 shares during the quarter. Amalgamated Bank’s holdings in Haverty Furniture Companies were worth $100,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Haverty Furniture Companies by 22.9% in 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 period. O Shaughnessy Asset Management LLC bought a new position in shares of Haverty Furniture Companies during the first quarter worth $206,000. Harbor Capital Advisors Inc. grew its holdings in shares of Haverty Furniture Companies by 79.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 7,772 shares of the company’s stock valued at $197,000 after buying an additional 3,451 shares during the period. EMC Capital Management increased its position in shares of Haverty Furniture Companies by 10.3% in the 1st quarter. EMC Capital Management now owns 8,064 shares of the company’s stock valued at $275,000 after buying an additional 750 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Haverty Furniture Companies by 179.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,506 shares of the company’s stock worth $324,000 after buying an additional 6,101 shares during the period. Institutional investors own 80.57% of the company’s stock.

Wall Street Analyst Weigh In

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

Haverty Furniture Companies Stock Down 1.5 %

Shares of HVT stock opened at $27.05 on Wednesday. The firm has a market cap of $439.18 million, a PE ratio of 9.84, a P/E/G ratio of 1.51 and a beta of 1.45. Haverty Furniture Companies, Inc. has a 12 month low of $23.09 and a 12 month high of $37.05. The company’s fifty day simple moving average is $27.41 and its 200-day simple moving average is $28.19.

Haverty Furniture Companies (NYSE:HVT) last issued its earnings results on Wednesday, July 31st. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. The business had revenue of $178.60 million for the quarter, compared to the consensus estimate of $182.37 million. Haverty Furniture Companies had a net margin of 4.91% and a return on equity of 12.58%. On average, equities analysts predict 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 declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 26th were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $1.28 annualized dividend and a dividend yield of 4.73%. Haverty Furniture Companies’s dividend payout ratio (DPR) is presently 46.55%.

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 and eclectic looks; and mattress product lines under the Tempur-Pedic, Serta, Sealy, and Stearns and Foster names.