Pzena Investment Management LLC Acquires 242,465 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

Pzena Investment Management LLC boosted its position in Haverty Furniture Companies, Inc. (NYSE:HVT) by 33.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 962,102 shares of the company’s stock after acquiring an additional 242,465 shares during the period. Pzena Investment Management LLC owned 0.06% of Haverty Furniture Companies worth $21,416,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC boosted its holdings in Haverty Furniture Companies by 27.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 425,940 shares of the company’s stock worth $11,701,000 after acquiring an additional 92,600 shares in the last quarter. Jane Street Group LLC boosted its holdings in Haverty Furniture Companies by 1,258.1% in the third quarter. Jane Street Group LLC now owns 363,894 shares of the company’s stock worth $9,996,000 after acquiring an additional 337,099 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Haverty Furniture Companies in the third quarter worth approximately $6,129,000. Kanen Wealth Management LLC boosted its holdings in Haverty Furniture Companies by 266.8% in the fourth quarter. Kanen Wealth Management LLC now owns 213,477 shares of the company’s stock worth $4,752,000 after acquiring an additional 155,273 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Haverty Furniture Companies by 20.5% in the fourth quarter. Bank of New York Mellon Corp now owns 208,835 shares of the company’s stock worth $4,649,000 after acquiring an additional 35,511 shares in the last quarter. Institutional investors own 80.57% of the company’s stock.

Haverty Furniture Companies Stock Performance

Shares of NYSE:HVT opened at $22.23 on Tuesday. The business’s 50 day simple moving average is $22.16 and its two-hundred day simple moving average is $23.76. The firm has a market cap of $364.67 million, a P/E ratio of 13.98, a PEG ratio of 1.15 and a beta of 1.44. Haverty Furniture Companies, Inc. has a 52-week low of $21.04 and a 52-week high of $34.29.

Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.30. The business had revenue of $184.35 million for the quarter, compared to analyst estimates of $179.84 million. Haverty Furniture Companies had a return on equity of 8.69% and a net margin of 3.57%. On average, equities analysts forecast that Haverty Furniture Companies, Inc. will post 0.88 earnings per share for the current fiscal year.

Haverty Furniture Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Thursday, March 6th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 5.76%. The ex-dividend date of this dividend is Thursday, March 6th. Haverty Furniture Companies’s dividend payout ratio (DPR) is presently 109.40%.

Haverty Furniture Companies 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.