Arizona State Retirement System held its stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,075 shares of the company’s stock at the close of the 2nd quarter. Arizona State Retirement System’s holdings in Haverty Furniture Companies were worth $253,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Haverty Furniture Companies in the first quarter valued at about $733,000. Bank of New York Mellon Corp grew its position in shares of Haverty Furniture Companies by 5.9% in the first quarter. Bank of New York Mellon Corp now owns 318,730 shares of the company’s stock valued at $7,761,000 after purchasing an additional 17,674 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Haverty Furniture Companies by 6.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 87,603 shares of the company’s stock valued at $2,134,000 after purchasing an additional 5,100 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Haverty Furniture Companies by 42.7% in the first quarter. Acadian Asset Management LLC now owns 34,161 shares of the company’s stock valued at $832,000 after purchasing an additional 10,225 shares during the last quarter. Finally, Thrivent Financial For Lutherans grew its position in shares of Haverty Furniture Companies by 0.5% in the first quarter. Thrivent Financial For Lutherans now owns 183,397 shares of the company’s stock valued at $4,466,000 after purchasing an additional 830 shares during the last quarter. 79.06% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research downgraded Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. 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. Haverty Furniture Companies currently has a consensus rating of “Hold” and a consensus target price of $28.00.

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Shares of Haverty Furniture Companies, Inc. (NYSE:HVT) opened at 24.70 on Tuesday. The company has a 50 day moving average of $23.78 and a 200 day moving average of $23.83. Haverty Furniture Companies, Inc. has a 1-year low of $16.57 and a 1-year high of $26.30. The company has a market cap of $524.08 million, a PE ratio of 17.43 and a beta of 1.06.

Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings results on Monday, July 31st. The company reported $0.29 EPS for the quarter, beating the Zacks’ 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 quarter in the prior year, the business earned $0.24 EPS. Haverty Furniture Companies’s quarterly revenue was up 1.0% on a year-over-year basis. Equities analysts expect that Haverty Furniture Companies, Inc. will post $1.28 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Wednesday, August 23rd were paid a $0.15 dividend. The ex-dividend date was Monday, August 21st. This represents a $0.60 dividend on an annualized basis and a yield of 2.43%. This is a positive change from Haverty Furniture Companies’s previous quarterly dividend of $0.12. Haverty Furniture Companies’s dividend payout ratio is 42.25%.

In related news, insider Rawson Haverty, Jr. sold 1,391 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $23.83, for a total value of $33,147.53. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 10.31% of the stock is currently owned by corporate 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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