California Public Employees Retirement System Buys 2,418 Shares of Haverty Furniture Companies, Inc. (HVT)

California Public Employees Retirement System boosted its position in Haverty Furniture Companies, Inc. (NYSE:HVT) by 2.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,916 shares of the company’s stock after purchasing an additional 2,418 shares during the quarter. California Public Employees Retirement System owned about 0.42% of Haverty Furniture Companies worth $1,632,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Haverty Furniture Companies by 2.6% in the 3rd quarter. BlackRock Inc. now owns 2,757,576 shares of the company’s stock valued at $60,943,000 after purchasing an additional 69,169 shares during the period. Renaissance Technologies LLC boosted its stake in Haverty Furniture Companies by 0.6% in the 3rd quarter. Renaissance Technologies LLC now owns 1,503,300 shares of the company’s stock valued at $33,223,000 after purchasing an additional 8,400 shares during the period. Royce & Associates LP lifted its position in shares of Haverty Furniture Companies by 2.8% during the 3rd quarter. Royce & Associates LP now owns 1,303,700 shares of the company’s stock valued at $28,812,000 after acquiring an additional 34,900 shares during the period. Vanguard Group Inc lifted its position in shares of Haverty Furniture Companies by 2.4% during the 3rd quarter. Vanguard Group Inc now owns 1,124,571 shares of the company’s stock valued at $24,852,000 after acquiring an additional 26,333 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Haverty Furniture Companies by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,124,571 shares of the company’s stock valued at $24,852,000 after acquiring an additional 26,333 shares during the period. Institutional investors and hedge funds own 84.82% of the company’s stock.

Shares of NYSE:HVT traded down $0.46 during trading on Friday, reaching $24.19. 89,050 shares of the company traded hands, compared to its average volume of 150,467. The company has a market cap of $497.59 million, a price-to-earnings ratio of 17.04 and a beta of 0.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 2.29. Haverty Furniture Companies, Inc. has a 52 week low of $17.70 and a 52 week high of $25.09.

Haverty Furniture Companies (NYSE:HVT) last released its earnings results on Tuesday, February 19th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. The firm had revenue of $208.97 million during the quarter, compared to the consensus estimate of $199.91 million. Haverty Furniture Companies had a return on equity of 10.51% and a net margin of 3.71%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.40 EPS. Research analysts predict that Haverty Furniture Companies, Inc. will post 1.34 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 13th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.72 annualized dividend and a dividend yield of 2.98%. Haverty Furniture Companies’s dividend payout ratio is currently 50.70%.

In related news, Director Alfredo Trujillo sold 5,136 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $24.28, for a total transaction of $124,702.08. Following the completion of the sale, the director now directly owns 15,665 shares in the company, valued at approximately $380,346.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Rawson Haverty, Jr. sold 4,257 shares of the company’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $23.22, for a total value of $98,847.54. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,438 shares of company stock valued at $822,955. 9.27% of the stock is owned by corporate insiders.

A number of research firms have recently weighed in on HVT. Zacks Investment Research downgraded Haverty Furniture Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, February 12th. TheStreet upgraded Haverty Furniture Companies from a “c+” rating to a “b-” rating in a research report on Thursday, February 14th.

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

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