Millennium Management LLC Acquires Shares of 125,000 Haverty Furniture Companies, Inc. (NYSE:HVT)

Millennium Management LLC acquired a new stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) during the second quarter, Holdings Channel reports. The firm acquired 125,000 shares of the company’s stock, valued at approximately $3,161,000.

A number of other institutional investors also recently added to or reduced their stakes in HVT. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings 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 worth $140,000 after acquiring an additional 1,034 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new position in shares of Haverty Furniture Companies in the 1st quarter worth approximately $206,000. Harbor Capital Advisors Inc. lifted its holdings in Haverty Furniture Companies by 79.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 7,772 shares of the company’s stock worth $197,000 after buying an additional 3,451 shares in the last quarter. EMC Capital Management lifted its holdings in Haverty Furniture Companies by 10.3% during the 1st quarter. EMC Capital Management now owns 8,064 shares of the company’s stock worth $275,000 after buying an additional 750 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings 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 in the last quarter. 80.57% of the stock is owned by institutional investors and hedge funds.

Haverty Furniture Companies Stock Down 0.2 %

HVT opened at $25.56 on Tuesday. Haverty Furniture Companies, Inc. has a 12 month low of $23.09 and a 12 month high of $37.05. The company has a fifty day simple moving average of $27.01 and a 200 day simple moving average of $27.74. The stock has a market cap of $414.99 million, a P/E ratio of 9.29, a P/E/G ratio of 1.46 and a beta of 1.45.

Haverty Furniture Companies (NYSE:HVT) last released 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. The firm had revenue of $178.60 million during the quarter, compared to analysts’ expectations of $182.37 million. Haverty Furniture Companies had a return on equity of 12.58% and a net margin of 4.91%. On average, equities research analysts expect that Haverty Furniture Companies, Inc. will post 1.45 earnings per share for the current fiscal year.

Haverty Furniture Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th were paid a dividend of $0.32 per share. The ex-dividend date was Monday, August 26th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.01%. Haverty Furniture Companies’s dividend payout ratio is 46.55%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Haverty Furniture Companies from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th.

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.