Haverty Furniture Companies, Inc. (HVT) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 13.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 86,171 shares of the company’s stock after selling 13,149 shares during the period. California Public Employees Retirement System owned about 0.41% of Haverty Furniture Companies worth $1,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Citadel Advisors LLC raised its holdings in shares of Haverty Furniture Companies by 366.0% in the 2nd quarter. Citadel Advisors LLC now owns 188,412 shares of the company’s stock valued at $4,070,000 after purchasing an additional 147,980 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Haverty Furniture Companies by 6.5% in the 2nd quarter. BlackRock Inc. now owns 2,688,407 shares of the company’s stock valued at $58,070,000 after purchasing an additional 164,255 shares in the last quarter. Royce & Associates LP raised its holdings in shares of Haverty Furniture Companies by 0.4% in the 2nd quarter. Royce & Associates LP now owns 1,268,800 shares of the company’s stock valued at $27,406,000 after purchasing an additional 4,500 shares in the last quarter. Spark Investment Management LLC raised its holdings in shares of Haverty Furniture Companies by 12.6% in the 2nd quarter. Spark Investment Management LLC now owns 47,500 shares of the company’s stock valued at $1,026,000 after purchasing an additional 5,300 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Haverty Furniture Companies by 9.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 229,093 shares of the company’s stock valued at $4,949,000 after buying an additional 20,234 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

NYSE HVT opened at $20.28 on Thursday. The company has a current ratio of 2.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $418.08 million, a P/E ratio of 16.22 and a beta of 0.85. Haverty Furniture Companies, Inc. has a 12 month low of $17.70 and a 12 month high of $25.35.

Haverty Furniture Companies (NYSE:HVT) last posted its earnings results on Tuesday, October 30th. The company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. The firm had revenue of $210.50 million for the quarter, compared to the consensus estimate of $212.43 million. Haverty Furniture Companies had a net margin of 2.61% and a return on equity of 9.29%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $0.28 EPS. On average, research analysts forecast that Haverty Furniture Companies, Inc. will post 1.39 EPS for the current fiscal year.

A number of research analysts recently commented on the stock. ValuEngine raised shares of Haverty Furniture Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Zacks Investment Research raised shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Wednesday, October 10th. Finally, TheStreet raised shares of Haverty Furniture Companies from a “c+” rating to a “b” rating in a research report on Thursday, August 23rd.

In related news, Director G. Thomas Hough bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The shares were purchased at an average cost of $21.50 per share, with a total value of $43,000.00. Following the transaction, the director now directly owns 1,883 shares of the company’s stock, valued at approximately $40,484.50. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 3.05% of the company’s stock.

About Haverty Furniture Companies

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

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