Deprince Race & Zollo Inc. Has $3.32 Million Stock Position in Haverty Furniture Companies, Inc. $HVT

Deprince Race & Zollo Inc. decreased its stake in Haverty Furniture Companies, Inc. (NYSE:HVT) by 25.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 156,713 shares of the company’s stock after selling 52,401 shares during the period. Deprince Race & Zollo Inc.’s holdings in Haverty Furniture Companies were worth $3,319,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of HVT. Hodges Capital Management Inc. bought a new position in shares of Haverty Furniture Companies during the 4th quarter worth about $4,948,000. Tectonic Advisors LLC acquired a new stake in Haverty Furniture Companies during the fourth quarter worth about $1,990,000. Jane Street Group LLC increased its stake in Haverty Furniture Companies by 68.7% during the first quarter. Jane Street Group LLC now owns 172,099 shares of the company’s stock valued at $3,394,000 after acquiring an additional 70,060 shares during the period. Man Group plc bought a new position in Haverty Furniture Companies during the third quarter valued at about $1,425,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Haverty Furniture Companies by 21.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 371,843 shares of the company’s stock valued at $8,686,000 after acquiring an additional 64,614 shares in the last quarter. Institutional investors own 80.57% of the company’s stock.

Haverty Furniture Companies Trading Down 1.9%

Shares of NYSE:HVT opened at $24.96 on Friday. The firm has a market cap of $401.56 million, a price-to-earnings ratio of 20.80, a PEG ratio of 1.31 and a beta of 1.18. The stock’s 50-day moving average price is $23.00 and its two-hundred day moving average price is $23.65. Haverty Furniture Companies, Inc. has a 12-month low of $19.53 and a 12-month high of $27.67.

Haverty Furniture Companies (NYSE:HVT) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. The company had revenue of $189.05 million during the quarter, compared to the consensus estimate of $191.99 million. Haverty Furniture Companies had a net margin of 2.64% and a return on equity of 6.60%. As a group, research analysts forecast that Haverty Furniture Companies, Inc. will post 1.62 earnings per share for the current fiscal year.

Haverty Furniture Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Monday, June 1st were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Monday, June 1st. Haverty Furniture Companies’s payout ratio is presently 110.00%.

Analyst Ratings Changes

HVT has been the topic of a number of recent research reports. Weiss Ratings downgraded shares of Haverty Furniture Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Wall Street Zen lowered shares of Haverty Furniture Companies from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Zacks Research downgraded shares of Haverty Furniture Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Haverty Furniture Companies has an average rating of “Reduce”.

About Haverty Furniture Companies

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and home décor in the United States. Founded in 1885 by J.J. Haverty and headquartered in Atlanta, Georgia, the company offers a broad assortment of upholstered furniture, case goods, mattresses, area rugs and decorative accessories. Customers can shop through a network of company-owned showrooms as well as an e-commerce platform, supported by in-house design services, delivery options and consumer financing programs.

Over more than a century of operation, Havertys has expanded its presence primarily across the Southeast and select markets beyond.