Allspring Global Investments Holdings LLC Sells 5,120 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVTFree Report) by 45.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 6,053 shares of the company’s stock after selling 5,120 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Haverty Furniture Companies were worth $174,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Swiss National Bank lifted its stake in Haverty Furniture Companies by 7.0% during the first quarter. Swiss National Bank now owns 38,000 shares of the company’s stock worth $1,042,000 after purchasing an additional 2,500 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Haverty Furniture Companies by 42.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 16,025 shares of the company’s stock valued at $439,000 after buying an additional 4,811 shares in the last quarter. Bank of New York Mellon Corp grew its position in Haverty Furniture Companies by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 259,902 shares of the company’s stock valued at $7,126,000 after acquiring an additional 6,490 shares during the period. American Century Companies Inc. grew its position in Haverty Furniture Companies by 31.5% in the first quarter. American Century Companies Inc. now owns 63,376 shares of the company’s stock valued at $1,738,000 after acquiring an additional 15,192 shares during the period. Finally, Citigroup Inc. raised its stake in Haverty Furniture Companies by 9.4% during the first quarter. Citigroup Inc. now owns 19,243 shares of the company’s stock worth $528,000 after acquiring an additional 1,647 shares in the last quarter. 80.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Haverty Furniture Companies from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 6th.

Get Our Latest Stock Report on HVT

Insider Activity at Haverty Furniture Companies

In other Haverty Furniture Companies news, VP John Linwood Gill sold 4,000 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $32.47, for a total transaction of $129,880.00. Following the sale, the vice president now owns 16,477 shares of the company’s stock, valued at approximately $535,008.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Rawson Haverty, Jr. sold 3,519 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $31.57, for a total value of $111,094.83. Following the completion of the transaction, the director now owns 84,074 shares in the company, valued at approximately $2,654,216.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John Linwood Gill sold 4,000 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $32.47, for a total value of $129,880.00. Following the transaction, the vice president now directly owns 16,477 shares in the company, valued at approximately $535,008.19. The disclosure for this sale can be found here. 8.89% of the stock is currently owned by company insiders.

Haverty Furniture Companies Trading Down 0.1 %

NYSE:HVT opened at $34.55 on Wednesday. The stock has a market capitalization of $562.13 million, a P/E ratio of 8.97, a price-to-earnings-growth ratio of 0.83 and a beta of 1.55. Haverty Furniture Companies, Inc. has a 1 year low of $25.05 and a 1 year high of $38.85. The firm has a 50 day moving average of $34.05 and a 200-day moving average of $31.81.

Haverty Furniture Companies (NYSE:HVTGet Free Report) last released its quarterly earnings results on Wednesday, November 1st. The company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.15. The firm had revenue of $220.35 million during the quarter, compared to analysts’ expectations of $223.73 million. Haverty Furniture Companies had a return on equity of 21.55% and a net margin of 6.98%. As a group, analysts forecast that Haverty Furniture Companies, Inc. will post 3.44 EPS for the current fiscal year.

Haverty Furniture Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Stockholders of record on Tuesday, November 28th were paid a $0.30 dividend. The ex-dividend date was Monday, November 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.47%. Haverty Furniture Companies’s dividend payout ratio (DPR) is presently 31.17%.

Haverty Furniture Companies Profile

(Free Report)

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, as well as private label Skye name.

See Also

Institutional Ownership by Quarter for Haverty Furniture Companies (NYSE:HVT)

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