Great West Life Assurance Co. Can continued to hold its position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,823 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can owned about 0.14% of Haverty Furniture Companies worth $747,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Mason Street Advisors LLC raised its position in Haverty Furniture Companies by 8.2% in the 1st quarter. Mason Street Advisors LLC now owns 4,514 shares of the company’s stock valued at $110,000 after purchasing an additional 342 shares during the last quarter. Russell Investments Group Ltd. raised its position in Haverty Furniture Companies by 569.9% in the 1st quarter. Russell Investments Group Ltd. now owns 5,600 shares of the company’s stock valued at $136,000 after purchasing an additional 4,764 shares during the last quarter. Bank of Montreal Can raised its position in Haverty Furniture Companies by 5.3% in the 1st quarter. Bank of Montreal Can now owns 8,939 shares of the company’s stock valued at $218,000 after purchasing an additional 449 shares during the last quarter. Karp Capital Management Corp purchased a new stake in Haverty Furniture Companies in the 1st quarter valued at $244,000. Finally, Arizona State Retirement System raised its position in Haverty Furniture Companies by 2.0% during the 1st quarter. Arizona State Retirement System now owns 10,075 shares of the company’s stock worth $245,000 after buying an additional 200 shares during the last quarter. Institutional investors own 79.06% of the company’s stock.
In related news, insider Rawson Haverty, Jr. sold 1,391 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $23.83, for a total transaction of $33,147.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.31% of the stock is currently owned by company insiders.
Shares of Haverty Furniture Companies, Inc. (HVT) opened at 24.95 on Thursday. Haverty Furniture Companies, Inc. has a 52 week low of $16.57 and a 52 week high of $26.30. The company has a 50-day moving average of $23.88 and a 200-day moving average of $23.85. The firm has a market capitalization of $529.39 million, a PE ratio of 17.61 and a beta of 1.06.
Haverty Furniture Companies (NYSE:HVT) last posted its quarterly earnings data on Monday, July 31st. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.10. The business had revenue of $196.80 million during the quarter, compared to the consensus estimate of $199.03 million. Haverty Furniture Companies had a return on equity of 10.58% and a net margin of 3.67%. Haverty Furniture Companies’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the company earned $0.24 earnings per share. On average, equities analysts forecast that Haverty Furniture Companies, Inc. will post $1.28 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Wednesday, August 23rd were issued a dividend of $0.15 per share. The ex-dividend date was Monday, August 21st. This is an increase from Haverty Furniture Companies’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.40%. Haverty Furniture Companies’s dividend payout ratio (DPR) is presently 42.25%.
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A number of equities analysts have commented on HVT shares. Zacks Investment Research upgraded shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Wednesday, June 21st. ValuEngine raised shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $28.00.
Haverty Furniture Companies Company Profile
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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