Parametric Portfolio Associates LLC increased its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 22.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 102,016 shares of the company’s stock after buying an additional 18,769 shares during the quarter. Parametric Portfolio Associates LLC owned 0.53% of Haverty Furniture Companies worth $2,561,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of HVT. Russell Investments Group Ltd. lifted its stake in Haverty Furniture Companies by 569.9% in the 1st quarter. Russell Investments Group Ltd. now owns 5,600 shares of the company’s stock valued at $136,000 after purchasing an additional 4,764 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Haverty Furniture Companies by 6.0% during the first quarter. Ameriprise Financial Inc. now owns 104,415 shares of the company’s stock worth $2,542,000 after acquiring an additional 5,925 shares during the last quarter. OppenheimerFunds Inc. lifted its position in Haverty Furniture Companies by 22.5% during the first quarter. OppenheimerFunds Inc. now owns 26,839 shares of the company’s stock worth $654,000 after acquiring an additional 4,926 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Haverty Furniture Companies by 4.8% in the first quarter. Principal Financial Group Inc. now owns 146,725 shares of the company’s stock valued at $3,573,000 after buying an additional 6,728 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in shares of Haverty Furniture Companies by 1.3% in the first quarter. California Public Employees Retirement System now owns 98,500 shares of the company’s stock valued at $2,398,000 after buying an additional 1,300 shares in the last quarter. 79.58% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research raised shares of Haverty Furniture Companies from a “hold” rating to a “strong-buy” rating and set a $31.00 target price on the stock in a research note on Wednesday, October 4th.
Haverty Furniture Companies, Inc. (HVT) opened at $23.80 on Wednesday. Haverty Furniture Companies, Inc. has a fifty-two week low of $20.90 and a fifty-two week high of $27.23. The stock has a market cap of $506.07, a price-to-earnings ratio of 17.54, a P/E/G ratio of 4.47 and a beta of 1.11. The company has a quick ratio of 1.16, a current ratio of 2.17 and a debt-to-equity ratio of 0.18.
Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. The firm had revenue of $207.60 million for the quarter, compared to analyst estimates of $215.32 million. Haverty Furniture Companies had a net margin of 3.53% and a return on equity of 10.10%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.34 earnings per share. equities analysts expect that Haverty Furniture Companies, Inc. will post 1.19 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Tuesday, November 21st. Haverty Furniture Companies’s payout ratio is 44.12%.
In related news, insider Rawson Haverty, Jr. sold 1,391 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $23.83, for a total transaction of $33,147.53. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Fred L. Schuermann sold 1,950 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $23.15, for a total transaction of $45,142.50. Following the transaction, the director now directly owns 3 shares in the company, valued at approximately $69.45. The disclosure for this sale can be found here. Corporate insiders own 10.31% of the company’s stock.
Haverty Furniture Companies Profile
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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