Principal Financial Group Inc. raised its holdings in Haverty Furniture Companies, Inc. (NYSE:HVT) by 2.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 150,454 shares of the company’s stock after acquiring an additional 3,729 shares during the period. Principal Financial Group Inc. owned about 0.77% of Haverty Furniture Companies worth $3,776,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in HVT. Bank of New York Mellon Corp grew its holdings in shares of Haverty Furniture Companies by 5.9% during the first quarter. Bank of New York Mellon Corp now owns 318,730 shares of the company’s stock worth $7,761,000 after purchasing an additional 17,674 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Haverty Furniture Companies by 2.0% during the first quarter. Arizona State Retirement System now owns 10,075 shares of the company’s stock worth $245,000 after purchasing an additional 200 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Haverty Furniture Companies by 6.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 87,603 shares of the company’s stock worth $2,134,000 after purchasing an additional 5,100 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Haverty Furniture Companies by 83.7% during the second quarter. Bank of Montreal Can now owns 16,420 shares of the company’s stock worth $412,000 after purchasing an additional 7,481 shares during the last quarter. Finally, Aperio Group LLC grew its holdings in shares of Haverty Furniture Companies by 54.6% during the second quarter. Aperio Group LLC now owns 15,478 shares of the company’s stock worth $388,000 after purchasing an additional 5,469 shares during the last quarter. Hedge funds and other institutional investors own 79.06% of the company’s stock.

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In related news, insider Rawson Haverty, Jr. sold 1,391 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $23.83, for a total transaction of $33,147.53. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 10.31% of the company’s stock.

Separately, Zacks Investment Research cut Haverty Furniture Companies from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Haverty Furniture Companies presently has a consensus rating of “Buy” and an average target price of $31.00.

Shares of Haverty Furniture Companies, Inc. (NYSE:HVT) opened at 26.95 on Thursday. Haverty Furniture Companies, Inc. has a 12-month low of $16.57 and a 12-month high of $27.13. The stock’s 50 day moving average price is $24.64 and its 200 day moving average price is $24.13. The company has a market capitalization of $571.83 million, a PE ratio of 19.02 and a beta of 1.07.

Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings data on Monday, July 31st. The company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.10. The company had revenue of $196.80 million for the quarter, compared to analysts’ expectations of $199.03 million. Haverty Furniture Companies had a return on equity of 10.58% and a net margin of 3.67%. Haverty Furniture Companies’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $0.24 EPS. On average, equities research analysts forecast that Haverty Furniture Companies, Inc. will post $1.28 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Wednesday, August 23rd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.23%. This is a boost from Haverty Furniture Companies’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, August 21st. Haverty Furniture Companies’s dividend payout ratio (DPR) is currently 42.25%.

About Haverty Furniture Companies

Haverty Furniture Companies, Inc is a retailer of residential furniture and accessories. The Company sells home furnishings in its retail stores and through its Website, havertys.com. As of December 31, 2016, the Company had 124 stores in 16 states in the Southern and Midwest regions. As of December 31, 2016, the Company’s retail store space totaled approximately 4.5 million square feet for 124 stores.

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

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