New York State Teachers Retirement System Purchases 2,300 Shares of Haverty Furniture Companies, Inc. (HVT)
New York State Teachers Retirement System grew its position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,377 shares of the company’s stock after acquiring an additional 2,300 shares during the quarter. New York State Teachers Retirement System owned 0.34% of Haverty Furniture Companies worth $1,867,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in HVT. Russell Investments Group Ltd. boosted its position in Haverty Furniture Companies by 569.9% during the 1st quarter. Russell Investments Group Ltd. now owns 5,600 shares of the company’s stock worth $136,000 after acquiring an additional 4,764 shares during the last quarter. Principal Financial Group Inc. boosted its position in Haverty Furniture Companies by 4.8% during the 1st quarter. Principal Financial Group Inc. now owns 146,725 shares of the company’s stock worth $3,573,000 after acquiring an additional 6,728 shares during the last quarter. California Public Employees Retirement System boosted its position in Haverty Furniture Companies by 1.3% during the 1st quarter. California Public Employees Retirement System now owns 98,500 shares of the company’s stock worth $2,398,000 after acquiring an additional 1,300 shares during the last quarter. Legal & General Group Plc boosted its position in Haverty Furniture Companies by 5.1% during the 1st quarter. Legal & General Group Plc now owns 33,223 shares of the company’s stock worth $807,000 after acquiring an additional 1,623 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Haverty Furniture Companies by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 934,116 shares of the company’s stock worth $22,746,000 after acquiring an additional 35,606 shares during the last quarter. 79.58% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research raised Haverty Furniture Companies from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th.
Shares of Haverty Furniture Companies, Inc. (NYSE:HVT) opened at $23.80 on Monday. Haverty Furniture Companies, Inc. has a 12 month low of $20.90 and a 12 month high of $27.23. The stock has a market capitalization of $505.01, a P/E ratio of 17.50, a PEG ratio of 4.46 and a beta of 1.11. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.16 and a current ratio of 2.17.
Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. Haverty Furniture Companies had a return on equity of 10.10% and a net margin of 3.53%. The company had revenue of $207.60 million for the quarter, compared to analysts’ expectations of $215.32 million. During the same quarter in the prior year, the business posted $0.34 EPS. The business’s revenue was down 1.9% compared to the same quarter last year. research analysts forecast that Haverty Furniture Companies, Inc. will post 1.19 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 22nd will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Tuesday, November 21st. Haverty Furniture Companies’s dividend payout ratio is currently 44.12%.
In related news, Director Fred L. Schuermann sold 1,950 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $23.15, for a total value of $45,142.50. Following the sale, the director now owns 3 shares in the company, valued at approximately $69.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $33,147.53. 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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