Royce & Associates LP grew its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 994,300 shares of the company’s stock after buying an additional 20,400 shares during the quarter. Royce & Associates LP’s holdings in Haverty Furniture Companies were worth $22,521,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in HVT. BlackRock Inc. raised its position in Haverty Furniture Companies by 4.2% in the 4th quarter. BlackRock Inc. now owns 2,811,047 shares of the company’s stock worth $63,670,000 after purchasing an additional 112,996 shares during the period. Bank of New York Mellon Corp raised its position in Haverty Furniture Companies by 4.9% in the 4th quarter. Bank of New York Mellon Corp now owns 359,552 shares of the company’s stock worth $8,145,000 after purchasing an additional 16,829 shares during the period. Rhumbline Advisers raised its position in Haverty Furniture Companies by 18.3% in the 4th quarter. Rhumbline Advisers now owns 45,163 shares of the company’s stock worth $1,023,000 after purchasing an additional 6,985 shares during the period. Arizona State Retirement System raised its position in Haverty Furniture Companies by 224.0% in the 4th quarter. Arizona State Retirement System now owns 32,645 shares of the company’s stock worth $739,000 after purchasing an additional 22,570 shares during the period. Finally, Pinebridge Investments L.P. raised its position in Haverty Furniture Companies by 16.1% in the 4th quarter. Pinebridge Investments L.P. now owns 40,523 shares of the company’s stock worth $918,000 after purchasing an additional 5,621 shares during the period. Hedge funds and other institutional investors own 82.21% of the company’s stock.
Shares of Haverty Furniture Companies, Inc. (NYSE:HVT) opened at $21.00 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.17 and a quick ratio of 1.16. Haverty Furniture Companies, Inc. has a 1 year low of $20.71 and a 1 year high of $27.23. The firm has a market cap of $458.33, a PE ratio of 15.88 and a beta of 1.01.
Haverty Furniture Companies (NYSE:HVT) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.17). Haverty Furniture Companies had a return on equity of 10.10% and a net margin of 3.53%. The firm had revenue of $214.96 million during the quarter, compared to analysts’ expectations of $221.20 million. During the same period last year, the company earned $0.52 earnings per share. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. equities research analysts predict that Haverty Furniture Companies, Inc. will post 1.15 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Friday, January 12th.
In related news, major shareholder Pine Hill Associates, Llc sold 7,921 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $23.79, for a total value of $188,440.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Rawson Haverty, Jr. sold 23,000 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $23.30, for a total transaction of $535,900.00. Following the completion of the sale, the insider now directly owns 82,331 shares in the company, valued at $1,918,312.30. The disclosure for this sale can be found here. Corporate insiders own 10.31% of the company’s stock.
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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.
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