New York State Teachers Retirement System Sells 2,206 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

New York State Teachers Retirement System trimmed its stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 3.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 57,090 shares of the company’s stock after selling 2,206 shares during the quarter. New York State Teachers Retirement System’s holdings in Haverty Furniture Companies were worth $972,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in HVT. AJO LP bought a new stake in shares of Haverty Furniture Companies during the 1st quarter valued at $4,229,000. Millennium Management LLC lifted its position in shares of Haverty Furniture Companies by 114.1% during the 4th quarter. Millennium Management LLC now owns 286,660 shares of the company’s stock valued at $5,383,000 after acquiring an additional 152,776 shares during the period. Hennessy Advisors Inc. bought a new stake in shares of Haverty Furniture Companies during the 2nd quarter valued at $2,076,000. Acadian Asset Management LLC lifted its position in shares of Haverty Furniture Companies by 58.5% during the 1st quarter. Acadian Asset Management LLC now owns 199,506 shares of the company’s stock valued at $4,367,000 after acquiring an additional 73,610 shares during the period. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in shares of Haverty Furniture Companies during the 1st quarter valued at $1,303,000. Hedge funds and other institutional investors own 86.10% of the company’s stock.

Shares of Haverty Furniture Companies stock traded up $0.14 during trading on Tuesday, reaching $17.70. 2,404 shares of the company’s stock were exchanged, compared to its average volume of 113,138. Haverty Furniture Companies, Inc. has a 1-year low of $15.81 and a 1-year high of $25.09. The stock has a market cap of $367.79 million, a P/E ratio of 12.49 and a beta of 0.98. The company has a 50-day simple moving average of $17.65.

Haverty Furniture Companies (NYSE:HVT) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Haverty Furniture Companies had a return on equity of 9.84% and a net margin of 3.44%. The company had revenue of $191.90 million during the quarter, compared to analysts’ expectations of $194.32 million. During the same quarter in the previous year, the firm earned $0.29 EPS. Haverty Furniture Companies’s revenue was down 3.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Haverty Furniture Companies, Inc. will post 1.25 EPS for the current fiscal year.

In other Haverty Furniture Companies news, Director G. Thomas Hough purchased 3,000 shares of the stock in a transaction dated Friday, May 17th. The stock was bought at an average price of $17.91 per share, with a total value of $53,730.00. Following the acquisition, the director now owns 4,748 shares of the company’s stock, valued at $85,036.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Steven G. Burdette sold 4,700 shares of the business’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $18.10, for a total value of $85,070.00. Following the transaction, the vice president now directly owns 5,233 shares of the company’s stock, valued at approximately $94,717.30. The disclosure for this sale can be found here. 9.27% of the stock is currently owned by insiders.

A number of analysts have recently weighed in on the company. Zacks Investment Research downgraded Haverty Furniture Companies from a “hold” rating to a “sell” rating in a research report on Saturday. ValuEngine downgraded Haverty Furniture Companies from a “hold” rating to a “sell” rating in a research report on Saturday, May 18th. Finally, TheStreet downgraded Haverty Furniture Companies from a “b-” rating to a “c+” rating in a research report on Friday, May 31st.

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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