Haverty Furniture Companies, Inc. (NYSE:HVT) Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC cut its holdings in Haverty Furniture Companies, Inc. (NYSE:HVT) by 49.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 7,757 shares of the company’s stock after selling 7,500 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Haverty Furniture Companies were worth $332,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Lazard Asset Management LLC raised its holdings in Haverty Furniture Companies by 47.3% in the 1st quarter. Lazard Asset Management LLC now owns 1,202 shares of the company’s stock valued at $44,000 after acquiring an additional 386 shares during the last quarter. Captrust Financial Advisors raised its holdings in Haverty Furniture Companies by 2,665.5% in the 1st quarter. Captrust Financial Advisors now owns 1,521 shares of the company’s stock valued at $57,000 after acquiring an additional 1,466 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Haverty Furniture Companies by 31.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock valued at $62,000 after buying an additional 343 shares during the period. Ensign Peak Advisors Inc grew its stake in shares of Haverty Furniture Companies by 135.3% during the 1st quarter. Ensign Peak Advisors Inc now owns 4,000 shares of the company’s stock valued at $149,000 after buying an additional 2,300 shares during the period. Finally, USA Financial Portformulas Corp purchased a new stake in shares of Haverty Furniture Companies during the 2nd quarter valued at $158,000. Institutional investors own 83.51% of the company’s stock.

Shares of NYSE HVT opened at $35.83 on Friday. Haverty Furniture Companies, Inc. has a 52-week low of $19.93 and a 52-week high of $52.84. The firm has a fifty day moving average of $36.35 and a 200-day moving average of $40.20. The stock has a market capitalization of $653.75 million, a PE ratio of 7.81 and a beta of 1.64.

Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings data on Monday, July 26th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.44. Haverty Furniture Companies had a net margin of 9.09% and a return on equity of 31.83%. The company had revenue of $249.99 million during the quarter, compared to analysts’ expectations of $208.90 million. On average, sell-side analysts forecast that Haverty Furniture Companies, Inc. will post 4.95 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 8th. Investors of record on Monday, August 23rd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 20th. This represents a $1.00 dividend on an annualized basis and a yield of 2.79%. Haverty Furniture Companies’s dividend payout ratio (DPR) is 53.19%.

Separately, Zacks Investment Research raised shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Tuesday, August 3rd.

About Haverty Furniture Companies

Haverty Furniture Cos., Inc operates as a specialty retailer of residential furniture and accessories. It provides a selection of products and styles and various brands carried furniture. The firm offers the bedding product lines, which include sealy, serta, stearns, foster and tempur pedic. It also provides financing through an internal revolving charge credit plan, as well as a third party finance company.

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

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