State Board of Administration of Florida Retirement System continued to hold its position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,247 shares of the company’s stock at the end of the first quarter. State Board of Administration of Florida Retirement System owned 0.11% of Haverty Furniture Companies worth $566,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. LSV Asset Management raised its position in shares of Haverty Furniture Companies by 24.6% in the first quarter. LSV Asset Management now owns 1,083,506 shares of the company’s stock worth $26,383,000 after buying an additional 213,800 shares during the last quarter. Numeric Investors LLC raised its stake in Haverty Furniture Companies by 123.7% in the fourth quarter. Numeric Investors LLC now owns 104,696 shares of the company’s stock worth $2,481,000 after buying an additional 57,896 shares during the last quarter. Norges Bank acquired a new stake in Haverty Furniture Companies during the fourth quarter worth $1,322,000. Bogle Investment Management L P DE acquired a new stake in Haverty Furniture Companies during the fourth quarter worth $856,000. Finally, Guggenheim Capital LLC raised its stake in Haverty Furniture Companies by 54.1% in the fourth quarter. Guggenheim Capital LLC now owns 100,944 shares of the company’s stock worth $2,392,000 after buying an additional 35,426 shares during the last quarter. Institutional investors and hedge funds own 79.10% of the company’s stock.
Haverty Furniture Companies, Inc. (NYSE:HVT) traded up 0.22% during mid-day trading on Friday, hitting $22.30. 77,481 shares of the stock were exchanged. Haverty Furniture Companies, Inc. has a 52-week low of $16.57 and a 52-week high of $26.30. The firm has a market cap of $470.95 million, a price-to-earnings ratio of 16.22 and a beta of 1.13. The company has a 50 day moving average price of $24.30 and a 200 day moving average price of $23.66.
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A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Haverty Furniture Companies from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine upgraded shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $25.50.
In other Haverty Furniture Companies news, insider Rawson Haverty, Jr. sold 1,964 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $23.52, for a total value of $46,193.28. Following the transaction, the insider now directly owns 400 shares of the company’s stock, valued at approximately $9,408. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven G. Burdette sold 4,800 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $23.50, for a total transaction of $112,800.00. Following the completion of the transaction, the insider now directly owns 3,657 shares in the company, valued at $85,939.50. The disclosure for this sale can be found here. Insiders sold a total of 12,222 shares of company stock worth $297,869 over the last ninety days. Corporate insiders own 10.31% of the company’s stock.
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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