Haverty Furniture Companies, Inc. (NYSE:HVT) has been assigned an average rating of “Buy” from the six brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company.

Several research analysts recently issued reports on HVT shares. Zacks Investment Research lowered shares of Haverty Furniture Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. ValuEngine raised shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.

In other Haverty Furniture Companies news, insider Rawson Haverty, Jr. sold 1,964 shares of the company’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $23.52, for a total transaction of $46,193.28. Following the sale, the insider now directly owns 400 shares of the company’s stock, valued at $9,408. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Rawson Haverty, Jr. sold 3,495 shares of the company’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $25.43, for a total transaction of $88,877.85. Following the sale, the senior vice president now directly owns 5,020 shares in the company, valued at $127,658.60. The disclosure for this sale can be found here. Insiders sold 12,222 shares of company stock valued at $297,869 in the last three months. Company insiders own 10.31% of the company’s stock.

A number of hedge funds have recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Haverty Furniture Companies during the fourth quarter valued at $1,322,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Haverty Furniture Companies during the first quarter valued at $733,000. Bank of New York Mellon Corp boosted its stake in shares of Haverty Furniture Companies by 5.9% in the first quarter. Bank of New York Mellon Corp now owns 318,730 shares of the company’s stock valued at $7,761,000 after buying an additional 17,674 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Haverty Furniture Companies by 42.7% in the first quarter. Acadian Asset Management LLC now owns 34,161 shares of the company’s stock valued at $832,000 after buying an additional 10,225 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Haverty Furniture Companies by 1.0% in the fourth quarter. AQR Capital Management LLC now owns 89,013 shares of the company’s stock valued at $2,110,000 after buying an additional 911 shares in the last quarter. 78.65% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Haverty Furniture Companies (NYSE:HVT) traded up 1.11% during trading on Tuesday, reaching $22.70. The company’s stock had a trading volume of 7,643 shares. The company’s 50-day moving average price is $23.79 and its 200 day moving average price is $23.55. Haverty Furniture Companies has a 1-year low of $16.57 and a 1-year high of $26.30. The stock has a market capitalization of $479.40 million, a price-to-earnings ratio of 16.51 and a beta of 1.13.

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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