Haverty Furniture Companies, Inc. (NYSE:HVT) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its holdings in Haverty Furniture Companies, Inc. (NYSE:HVTGet Rating) by 7.1% during the 3rd quarter, Holdings Channel reports. The firm owned 32,871 shares of the company’s stock after selling 2,495 shares during the quarter. New York State Teachers Retirement System’s holdings in Haverty Furniture Companies were worth $818,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of HVT. Swiss National Bank raised its stake in Haverty Furniture Companies by 7.0% during the first quarter. Swiss National Bank now owns 38,000 shares of the company’s stock worth $1,042,000 after purchasing an additional 2,500 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Haverty Furniture Companies by 42.9% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 16,025 shares of the company’s stock valued at $439,000 after acquiring an additional 4,811 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Haverty Furniture Companies by 2.6% during the 1st quarter. Bank of New York Mellon Corp now owns 259,902 shares of the company’s stock valued at $7,126,000 after acquiring an additional 6,490 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Haverty Furniture Companies by 31.5% in the 1st quarter. American Century Companies Inc. now owns 63,376 shares of the company’s stock worth $1,738,000 after buying an additional 15,192 shares during the last quarter. Finally, Citigroup Inc. lifted its position in shares of Haverty Furniture Companies by 9.4% in the 1st quarter. Citigroup Inc. now owns 19,243 shares of the company’s stock worth $528,000 after buying an additional 1,647 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Haverty Furniture Companies Stock Down 1.8 %

NYSE:HVT opened at $33.26 on Friday. Haverty Furniture Companies, Inc. has a 12 month low of $22.77 and a 12 month high of $34.48. The firm has a market cap of $537.08 million, a price-to-earnings ratio of 6.41 and a beta of 1.39. The company’s 50 day moving average is $31.51 and its 200-day moving average is $28.62.

Haverty Furniture Companies (NYSE:HVTGet Rating) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.38. Haverty Furniture Companies had a net margin of 8.71% and a return on equity of 33.72%. The firm had revenue of $274.50 million for the quarter, compared to analyst estimates of $256.50 million. Research analysts predict that Haverty Furniture Companies, Inc. will post 5.25 EPS for the current fiscal year.

Haverty Furniture Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 13th. Shareholders of record on Monday, November 28th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, November 25th. This represents a $1.12 dividend on an annualized basis and a yield of 3.37%. Haverty Furniture Companies’s payout ratio is presently 21.58%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on HVT shares. StockNews.com cut shares of Haverty Furniture Companies from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 3rd. Telsey Advisory Group began coverage on shares of Haverty Furniture Companies in a report on Thursday, October 27th. They set a “moderate risk” rating for the company.

About Haverty Furniture Companies

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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 and eclectic looks; and mattress product lines under the Sealy, Stearns and Foster, Tempur-Pedic, and Serta names, as well as private label Skye name.

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

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