HVT Ownership Update: Pzena Reports 1.56M Shares in Schedule 13G/A

Rhea-AI Filing Summary

Schedule 13G/A (Amendment No. 1) filing for Haverty Furniture Companies, Inc. (NYSE: HVT) discloses that Pzena Investment Management LLC, a Delaware-based registered investment adviser, now beneficially owns 1,560,557 shares of HVT common stock, representing 10.5 % of the outstanding class as of 30 June 2025. The firm holds sole voting power over 1,166,426 shares and sole dispositive power over the full 1,560,557-share position; no shares are held jointly with any other party.

The filing is made under Rule 13d-1(b), indicating a passive ownership stance typical of institutional asset managers. Pzena certifies that the shares were acquired in the ordinary course of business and not for the purpose of influencing control of the issuer. Clients of the adviser ultimately receive dividends or sale proceeds, and no single client owns more than 5 % of the class.

Crossing the 10 % threshold makes Pzena one of Haverty’s largest shareholders, potentially improving the company’s institutional sponsorship and secondary-market liquidity. However, because the Schedule 13G signals no activist intent, immediate strategic or governance changes are unlikely. Investors may nonetheless view the position size as a sign of value-oriented institutional confidence in Haverty’s long-term prospects.

• Beneficial ownership: 1.56 million shares
• % of class: 10.5 %
• Voting power (sole): 1.17 million shares
• Dispositive power (sole): 1.56 million shares
• Filer type: Registered investment adviser (IA)
• Certification: Passive, ordinary-course investment; no intent to influence control

Positive

• Pzena Investment Management now holds 10.5 % of HVT shares, increasing institutional sponsorship and potentially improving stock liquidity.

Negative

• None.

Insights

Portfolio Manager

TL;DR Pzena’s 10.5 % stake boosts institutional ownership, signalling value-oriented confidence but with no activist agenda.

Pzena is a respected deep-value manager; its decision to exceed the 10 % threshold suggests conviction in Haverty’s valuation and cash-flow outlook. Larger institutional holdings can enhance liquidity and reduce free-float volatility. Because the filing is passive (13G, not 13D), near-term operational influence is minimal. Still, portfolio managers may interpret the position as positive sentiment and may re-examine HVT’s fundamental upside relative to furniture retail peers.

Corporate Governance Specialist

TL;DR Passive filing limits governance impact; disclosure mainly affects ownership structure, not control.

From a governance standpoint, a passive 13G exceeding 10 % triggers heightened reporting obligations but does not imply intent to influence board composition or strategy. Haverty’s management retains strategic autonomy. Investors should monitor future amendments: a shift from 13G to 13D would signal a governance change. At present, impact on control dynamics is neutral, though the added institutional oversight could indirectly encourage best practices.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/03/2025 - 03:35 PM Learn about SEC filing dates

FAQ

How many Haverty Furniture (HVT) shares does Pzena Investment Management own?

Pzena reports 1,560,557 common shares, equal to 10.5 % of the outstanding class.

Does Pzena have voting control over the entire stake?

It has sole voting power over 1,166,426 shares and sole dispositive power over the full stake; no shared voting rights are reported.

Is Pzena’s filing activist in nature?

No. Filed under Rule 13d-1(b), the Schedule 13G indicates a passive investment with no intent to influence control.

Why did the filing occur on 30 June 2025?

Crossing the 10 % ownership threshold triggers a Schedule 13G amendment within 45 days of quarter-end, prompting this disclosure.

Could Haverty’s governance structure change because of this stake?

Unlikely in the near term; passive 13G investors typically do not seek board seats or strategic changes.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

HAVERTY FURNITURE COMPANIES INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

419596101

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 419596101

1

Names of Reporting Persons

PZENA INVESTMENT MANAGEMENT LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,166,426.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,560,557.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,560,557.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.5 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: HAVERTY FURNITURE COMPANIES INC
(b)	Address of issuer's principal executive offices: 780 JOHNSON FERRY ROAD, 780 JOHNSON FERRY ROAD, ATLANTA, GEORGIA, 30342.
Item 2.
(a)	Name of person filing: Pzena Investment Management, LLC
(b)	Address or principal business office or, if none, residence: 320 Park Avenue, 8th floor New York, NY 10022
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 419596101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,560,557
(b)	Percent of class: 10.5%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,166,426
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,560,557
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. CLIENTS OF THE FILING INVESTMENT MANAGER HAVE THE RIGHT TO RECEIVE AND THE ULTIMATE POWER TO DIRECT THE RECEIPT OF DIVIDENDS FROM, OR THE PROCEEDS OF SALE OF THE SECURITIES REPORTED ON HEREINABOVE. NO INTEREST OF ANY ONE OF SUCH CLIENTS RELATES TO MORE THAN FIVE PERCENT OF THE CLASS.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

PZENA INVESTMENT MANAGEMENT LLC

Signature:	s/Steven Coffey
Name/Title:	Chief Legal Risk Officer & Chief Compliance Officer
Date:	07/03/2025