Denali Advisors LLC Has $536,000 Holdings in Haverty Furniture Companies, Inc. (NYSE:HVT)

Denali Advisors LLC cut its stake in Haverty Furniture Companies, Inc. (NYSE:HVT) by 62.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,200 shares of the company’s stock after selling 35,200 shares during the period. Denali Advisors LLC owned approximately 0.13% of Haverty Furniture Companies worth $536,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Haverty Furniture Companies by 22.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,545 shares of the company’s stock valued at $140,000 after buying an additional 1,034 shares during the period. Harbor Capital Advisors Inc. lifted its position in shares of Haverty Furniture Companies by 79.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 7,772 shares of the company’s stock worth $197,000 after acquiring an additional 3,451 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in shares of Haverty Furniture Companies during the 1st quarter worth approximately $206,000. EMC Capital Management increased its position in shares of Haverty Furniture Companies by 10.3% during the first quarter. EMC Capital Management now owns 8,064 shares of the company’s stock valued at $275,000 after purchasing an additional 750 shares during the period. Finally, Texas Permanent School Fund Corp raised its stake in shares of Haverty Furniture Companies by 6.1% in the second quarter. Texas Permanent School Fund Corp now owns 12,388 shares of the company’s stock valued at $313,000 after purchasing an additional 714 shares in the last quarter. 80.57% of the stock is currently owned by institutional investors and hedge funds.

Haverty Furniture Companies Stock Up 1.1 %

NYSE:HVT opened at $26.65 on Wednesday. The firm has a market capitalization 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, Inc. has a 12-month low of $23.09 and a 12-month high of $37.05. The firm has a 50-day moving average price of $27.10 and a 200 day moving average price of $28.61.

Haverty Furniture Companies (NYSE:HVT) last issued its earnings results on Wednesday, July 31st. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. The business had revenue of $178.60 million during the quarter, compared to analysts’ expectations of $182.37 million. Haverty Furniture Companies had a return on equity of 12.58% and a net margin of 4.91%. On average, research analysts expect that Haverty Furniture Companies, Inc. will post 1.51 EPS for the current year.

Haverty Furniture Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 26th were issued a dividend of $0.32 per share. The ex-dividend date was Monday, August 26th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.80%. Haverty Furniture Companies’s payout ratio is presently 46.55%.

Wall Street Analyst Weigh In

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

Haverty Furniture Companies Company 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.