Denali Advisors LLC Sells 35,200 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

Denali Advisors LLC lowered its position in Haverty Furniture Companies, Inc. (NYSE:HVT) by 62.4% in the second quarter, HoldingsChannel.com reports. The fund owned 21,200 shares of the company’s stock after selling 35,200 shares during the quarter. Denali Advisors LLC’s holdings in Haverty Furniture Companies were worth $536,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wulff Hansen & CO. raised its position in 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 during the last quarter. WINTON GROUP Ltd increased 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 buying an additional 10,469 shares in the last quarter. Vest Financial LLC bought a new position in shares of Haverty Furniture Companies in the second quarter valued at about $1,087,000. American Century Companies Inc. raised its holdings in shares of Haverty Furniture Companies by 19.0% in the second quarter. American Century Companies Inc. now owns 320,672 shares of the company’s stock valued at $8,110,000 after buying an additional 51,302 shares during the last quarter. Finally, Texas Permanent School Fund Corp lifted its position in Haverty Furniture Companies by 6.1% during the 2nd quarter. Texas Permanent School Fund Corp now owns 12,388 shares of the company’s stock worth $313,000 after buying an additional 714 shares in the last quarter. 80.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Haverty Furniture Companies Stock Up 1.1 %

Shares of Haverty Furniture Companies stock opened at $26.65 on Wednesday. Haverty Furniture Companies, Inc. has a 12 month low of $23.09 and a 12 month high of $37.05. The business has a fifty day simple moving average of $27.10 and a 200 day simple moving average of $28.61. The stock has a market cap of $432.69 million, a PE ratio of 9.58, a price-to-earnings-growth ratio of 1.41 and a beta of 1.45.

Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings results 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 company had revenue of $178.60 million during the quarter, compared to analysts’ expectations of $182.37 million. Analysts expect that Haverty Furniture Companies, Inc. will post 1.51 EPS for the current fiscal year.

Haverty Furniture Companies Announces Dividend

The company 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. The ex-dividend date was Monday, August 26th. This represents a $1.28 annualized dividend and a yield of 4.80%. 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.