Principal Financial Group Inc. Has $2.37 Million Stock Position in Haverty Furniture Companies, Inc. (NYSE:HVT)

Principal Financial Group Inc. lessened its holdings in Haverty Furniture Companies, Inc. (NYSE:HVT) by 5.6% during the first quarter, HoldingsChannel reports. The fund owned 69,422 shares of the company’s stock after selling 4,117 shares during the quarter. Principal Financial Group Inc.’s holdings in Haverty Furniture Companies were worth $2,369,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its holdings in shares of Haverty Furniture Companies by 19.0% in the first quarter. Assenagon Asset Management S.A. now owns 70,422 shares of the company’s stock valued at $2,403,000 after purchasing an additional 11,244 shares in the last quarter. Denali Advisors LLC raised its holdings in shares of Haverty Furniture Companies by 61.1% in the first quarter. Denali Advisors LLC now owns 56,400 shares of the company’s stock valued at $1,924,000 after purchasing an additional 21,400 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Haverty Furniture Companies by 179.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 9,506 shares of the company’s stock valued at $324,000 after purchasing an additional 6,101 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Haverty Furniture Companies by 1.5% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 60,706 shares of the company’s stock valued at $2,071,000 after purchasing an additional 907 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC boosted its holdings in Haverty Furniture Companies by 66.8% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 14,604 shares of the company’s stock worth $518,000 after purchasing an additional 5,847 shares during the last quarter. Institutional investors own 80.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Benchmark reissued a “buy” rating and set a $45.00 target price on shares of Haverty Furniture Companies in a research report on Thursday, May 2nd. StockNews.com downgraded Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, June 19th.

Haverty Furniture Companies Trading Down 2.8 %

Shares of HVT stock traded down $0.67 during trading hours on Friday, hitting $23.37. 29,130 shares of the company were exchanged, compared to its average volume of 128,996. The stock has a market capitalization of $379.53 million, a price-to-earnings ratio of 8.74, a P/E/G ratio of 1.34 and a beta of 1.44. The firm has a fifty day simple moving average of $27.47 and a 200 day simple moving average of $31.53. Haverty Furniture Companies, Inc. has a 52-week low of $23.32 and a 52-week high of $37.05.

Haverty Furniture Companies (NYSE:HVT) last released its earnings results on Wednesday, May 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.19). Haverty Furniture Companies had a return on equity of 14.98% and a net margin of 5.64%. The firm had revenue of $184.00 million during the quarter, compared to analysts’ expectations of $192.70 million. Sell-side analysts anticipate that Haverty Furniture Companies, Inc. will post 1.5 EPS for the current year.

Haverty Furniture Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 24th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date was Thursday, May 23rd. This is a positive change from Haverty Furniture Companies’s previous quarterly dividend of $0.30. Haverty Furniture Companies’s dividend payout ratio (DPR) is currently 46.55%.

About Haverty Furniture Companies

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.