Haverty Furniture Companies, Inc. (HVT) Position Increased by Bessemer Group Inc.

Bessemer Group Inc. increased its position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 151.4% during the second quarter, Holdings Channel reports. The firm owned 26,400 shares of the company’s stock after buying an additional 15,900 shares during the period. Bessemer Group Inc.’s holdings in Haverty Furniture Companies were worth $663,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of HVT. Texas Permanent School Fund raised its stake in shares of Haverty Furniture Companies by 0.4% in the first quarter. Texas Permanent School Fund now owns 13,976 shares of the company’s stock worth $340,000 after buying an additional 52 shares during the period. Rothschild Asset Management Inc. raised its stake in shares of Haverty Furniture Companies by 0.3% in the second quarter. Rothschild Asset Management Inc. now owns 63,334 shares of the company’s stock worth $1,590,000 after buying an additional 192 shares during the period. Arizona State Retirement System raised its stake in shares of Haverty Furniture Companies by 2.0% in the first quarter. Arizona State Retirement System now owns 10,075 shares of the company’s stock worth $245,000 after buying an additional 200 shares during the period. Tudor Investment Corp ET AL raised its stake in shares of Haverty Furniture Companies by 1.8% in the first quarter. Tudor Investment Corp ET AL now owns 17,546 shares of the company’s stock worth $427,000 after buying an additional 308 shares during the period. Finally, Mason Street Advisors LLC raised its stake in shares of Haverty Furniture Companies by 8.2% in the first quarter. Mason Street Advisors LLC now owns 4,514 shares of the company’s stock worth $110,000 after buying an additional 342 shares during the period. Institutional investors and hedge funds own 78.14% of the company’s stock.

Shares of Haverty Furniture Companies, Inc. (NYSE HVT) opened at 23.90 on Friday. Haverty Furniture Companies, Inc. has a 1-year low of $16.57 and a 1-year high of $26.30. The firm has a market cap of $507.11 million, a price-to-earnings ratio of 16.87 and a beta of 1.11. The company’s 50-day moving average is $23.46 and its 200 day moving average is $23.67.

Haverty Furniture Companies (NYSE:HVT) last issued its earnings results on Monday, July 31st. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.10. Haverty Furniture Companies had a net margin of 3.67% and a return on equity of 10.58%. The business had revenue of $196.80 million for the quarter, compared to analyst estimates of $199.03 million. During the same period in the previous year, the business earned $0.24 EPS. The firm’s revenue was up 1.0% on a year-over-year basis. On average, equities research analysts expect that Haverty Furniture Companies, Inc. will post $1.28 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 23rd will be given a dividend of $0.15 per share. This is a positive change from Haverty Furniture Companies’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Monday, August 21st. Haverty Furniture Companies’s payout ratio is 33.80%.

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Several equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research note on Monday, June 19th. ValuEngine upgraded shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $28.00.

In other news, insider Rawson Haverty, Jr. sold 1,964 shares of Haverty Furniture Companies stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $23.52, for a total transaction of $46,193.28. Following the sale, the insider now directly owns 400 shares in the company, valued at approximately $9,408. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Steven G. Burdette sold 4,800 shares of Haverty Furniture Companies stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $23.50, for a total transaction of $112,800.00. Following the sale, the insider now owns 3,657 shares in the company, valued at $85,939.50. The disclosure for this sale can be found here. 10.31% of the stock is currently owned by insiders.

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

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