Cambridge Investment Research Advisors Inc. purchased a new position in Haverty Furniture Companies, Inc. (NYSE:HVT) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 19,708 shares of the company’s stock, valued at approximately $515,000. Cambridge Investment Research Advisors Inc. owned about 0.09% of Haverty Furniture Companies at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Russell Investments Group Ltd. increased its stake in shares of Haverty Furniture Companies by 165.4% in the third quarter. Russell Investments Group Ltd. now owns 17,949 shares of the company’s stock worth $469,000 after purchasing an additional 11,185 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Haverty Furniture Companies by 5.7% in the third quarter. Bank of New York Mellon Corp now owns 342,723 shares of the company’s stock worth $8,962,000 after purchasing an additional 18,505 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in shares of Haverty Furniture Companies by 10.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 28,210 shares of the company’s stock worth $738,000 after purchasing an additional 2,690 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Haverty Furniture Companies by 48.8% in the third quarter. BNP Paribas Arbitrage SA now owns 10,659 shares of the company’s stock worth $279,000 after purchasing an additional 3,494 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of Haverty Furniture Companies by 50.7% in the third quarter. Prudential Financial Inc. now owns 98,527 shares of the company’s stock worth $2,576,000 after purchasing an additional 33,150 shares during the period. 78.94% of the stock is owned by institutional investors.

In related news, Director Fred L. Schuermann sold 1,950 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was 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 $69.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 10.31% of the company’s stock.

Haverty Furniture Companies, Inc. (NYSE HVT) traded down $0.05 during trading on Monday, hitting $23.40. The stock had a trading volume of 21,800 shares, compared to its average volume of 76,840. The company has a quick ratio of 1.16, a current ratio of 2.17 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $495.84, a price-to-earnings ratio of 17.21, a PEG ratio of 4.39 and a beta of 1.11. Haverty Furniture Companies, Inc. has a twelve month low of $21.05 and a twelve month high of $27.23.

Haverty Furniture Companies (NYSE:HVT) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. The business had revenue of $207.60 million for the quarter, compared to analyst estimates of $215.32 million. Haverty Furniture Companies had a return on equity of 10.10% and a net margin of 3.53%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. analysts predict that Haverty Furniture Companies, Inc. will post 1.19 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 22nd will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, November 21st. This represents a $0.60 annualized dividend and a yield of 2.56%. Haverty Furniture Companies’s dividend payout ratio is 45.80%.

Separately, Zacks Investment Research upgraded Haverty Furniture Companies from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th.

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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.

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

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