Public Employees Retirement System of Ohio raised its holdings in Haverty Furniture Companies, Inc. (NYSE:HVT) by 3,058.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,676 shares of the company’s stock after purchasing an additional 21,958 shares during the quarter. Public Employees Retirement System of Ohio owned 0.11% of Haverty Furniture Companies worth $593,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the business. Sterling Capital Management LLC acquired a new stake in shares of Haverty Furniture Companies during the 2nd quarter valued at $886,000. Victory Capital Management Inc. raised its position in Haverty Furniture Companies by 230.4% during the 3rd quarter. Victory Capital Management Inc. now owns 69,379 shares of the company’s stock worth $1,814,000 after purchasing an additional 48,379 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Haverty Furniture Companies during the 3rd quarter worth $290,000. Chicago Equity Partners LLC bought a new position in shares of Haverty Furniture Companies in the 3rd quarter worth about $414,000. Finally, Prudential Financial Inc. raised its position in shares of Haverty Furniture Companies by 50.7% in the 3rd quarter. Prudential Financial Inc. now owns 98,527 shares of the company’s stock worth $2,576,000 after acquiring an additional 33,150 shares in the last quarter. 80.64% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Rawson Haverty, Jr. sold 23,000 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $23.30, for a total value of $535,900.00. Following the completion of the transaction, the insider now directly owns 82,331 shares in the company, valued at $1,918,312.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Fred L. Schuermann sold 1,950 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $23.15, for a total transaction of $45,142.50. Following the sale, the director now owns 3 shares of the company’s stock, valued at $69.45. The disclosure for this sale can be found here. Insiders have sold a total of 32,871 shares of company stock worth $769,483 in the last three months. Insiders own 10.31% of the company’s stock.
Shares of Haverty Furniture Companies, Inc. (HVT) opened at $23.95 on Friday. The company has a market capitalization of $508.20, a PE ratio of 17.61, a P/E/G ratio of 3.96 and a beta of 1.13. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.17 and a quick ratio of 1.16. Haverty Furniture Companies, Inc. has a 12-month low of $21.05 and a 12-month high of $27.23.
Haverty Furniture Companies (NYSE:HVT) last announced its earnings results on Tuesday, October 31st. The company reported $0.28 earnings per share 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 firm had revenue of $207.60 million for the quarter, compared to the consensus estimate of $215.32 million. During the same quarter in the previous year, the business earned $0.34 EPS. The company’s revenue was down 1.9% compared to the same quarter last year. equities analysts anticipate that Haverty Furniture Companies, Inc. will post 1.15 earnings per share for the current fiscal year.
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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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