California Public Employees Retirement System Has $2.54 Million Position in Haverty Furniture Companies, Inc. (HVT)

California Public Employees Retirement System increased its position in Haverty Furniture Companies, Inc. (NYSE:HVT) by 5.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,058 shares of the company’s stock after acquiring an additional 5,258 shares during the quarter. California Public Employees Retirement System owned about 0.46% of Haverty Furniture Companies worth $2,538,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in Haverty Furniture Companies in the 2nd quarter worth approximately $103,000. Russell Investments Group Ltd. increased its holdings in Haverty Furniture Companies by 20.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 6,764 shares of the company’s stock worth $169,000 after acquiring an additional 1,164 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in Haverty Furniture Companies by 53.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,165 shares of the company’s stock worth $180,000 after acquiring an additional 2,501 shares in the last quarter. Stephens Inc. AR purchased a new stake in Haverty Furniture Companies in the 2nd quarter worth approximately $213,000. Finally, Citadel Advisors LLC purchased a new stake in Haverty Furniture Companies in the 2nd quarter worth approximately $288,000. 80.64% of the stock is owned by institutional investors.

Shares of Haverty Furniture Companies, Inc. (HVT) opened at $23.25 on Wednesday. The stock has a market cap of $508.20, a P/E ratio of 17.10, a P/E/G ratio of 3.63 and a beta of 1.13. Haverty Furniture Companies, Inc. has a fifty-two week low of $21.05 and a fifty-two week high of $27.23. 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 released its earnings results on Tuesday, October 31st. The company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. Haverty Furniture Companies had a net margin of 3.53% and a return on equity of 10.10%. The company had revenue of $207.60 million during the quarter, compared to analyst estimates of $215.32 million. During the same period in the prior year, the firm posted $0.34 EPS. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. analysts predict that Haverty Furniture Companies, Inc. will post 1.15 earnings per share for the current fiscal year.

In other Haverty Furniture Companies news, insider Rawson Haverty, Jr. sold 23,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were 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 of the company’s stock, valued at approximately $1,918,312.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Fred L. Schuermann sold 1,950 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 3 shares of the company’s stock, valued at $69.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,871 shares of company stock valued at $769,483. Insiders own 10.31% of the company’s stock.

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 for the company in a report on Wednesday, October 4th.

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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.

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

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