BlackRock Inc. lifted its holdings in Haverty Furniture Companies, Inc. (NYSE:HVT) by 6.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,688,407 shares of the company’s stock after purchasing an additional 164,255 shares during the quarter. BlackRock Inc. owned about 12.75% of Haverty Furniture Companies worth $58,070,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in Haverty Furniture Companies by 0.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 365,584 shares of the company’s stock worth $7,897,000 after acquiring an additional 2,349 shares during the period. Principal Financial Group Inc. lifted its position in Haverty Furniture Companies by 1.8% during the 1st quarter. Principal Financial Group Inc. now owns 151,143 shares of the company’s stock worth $3,046,000 after acquiring an additional 2,642 shares during the period. Citigroup Inc. lifted its position in Haverty Furniture Companies by 51.8% during the 1st quarter. Citigroup Inc. now owns 8,469 shares of the company’s stock worth $171,000 after acquiring an additional 2,890 shares during the period. Barclays PLC lifted its position in Haverty Furniture Companies by 66.8% during the 1st quarter. Barclays PLC now owns 7,433 shares of the company’s stock worth $150,000 after acquiring an additional 2,976 shares during the period. Finally, First Trust Advisors LP lifted its position in Haverty Furniture Companies by 17.3% during the 2nd quarter. First Trust Advisors LP now owns 21,883 shares of the company’s stock worth $473,000 after acquiring an additional 3,223 shares during the period. 80.80% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have commented on the company. Zacks Investment Research raised Haverty Furniture Companies from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Wednesday. TheStreet raised Haverty Furniture Companies from a “c+” rating to a “b” rating in a research report on Thursday, August 23rd. Finally, ValuEngine cut Haverty Furniture Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th.
Shares of HVT opened at $21.12 on Friday. Haverty Furniture Companies, Inc. has a one year low of $17.70 and a one year high of $25.35. The company has a quick ratio of 1.12, a current ratio of 2.29 and a debt-to-equity ratio of 0.17. The stock has a market cap of $463.37 million, a price-to-earnings ratio of 17.02 and a beta of 0.85.
Haverty Furniture Companies (NYSE:HVT) last issued its quarterly earnings results on Tuesday, July 31st. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.03. Haverty Furniture Companies had a return on equity of 9.29% and a net margin of 2.61%. The company had revenue of $198.78 million during the quarter, compared to analysts’ expectations of $195.55 million. During the same quarter in the previous year, the firm posted $0.29 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. As a group, equities research analysts expect that Haverty Furniture Companies, Inc. will post 1.38 earnings per share for the current year.
In related news, Director G. Thomas Hough acquired 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The stock was acquired at an average price of $21.50 per share, with a total value of $43,000.00. Following the acquisition, the director now directly owns 1,883 shares in the company, valued at approximately $40,484.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.05% of the company’s stock.
Haverty Furniture Companies Company Profile
Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and accessories in the United States. The company offers furniture merchandise under the Havertys brand name. It also provides custom upholstery products, as well as mattress product lines under the Sealy, Tempur-Pedic, Serta, Stearns & Foster, and Beautyrest Black names.
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