OxFORD Asset Management LLP lifted its stake in Haverty Furniture Companies, Inc. (NYSE:HVT) by 39.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,182 shares of the company’s stock after buying an additional 13,359 shares during the quarter. OxFORD Asset Management LLP owned approximately 0.24% of Haverty Furniture Companies worth $1,184,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC boosted its position in Haverty Furniture Companies by 2.6% during the second quarter. Renaissance Technologies LLC now owns 1,437,300 shares of the company’s stock worth $36,076,000 after purchasing an additional 36,200 shares in the last quarter. Vanguard Group Inc. boosted its position in Haverty Furniture Companies by 3.5% during the second quarter. Vanguard Group Inc. now owns 966,372 shares of the company’s stock worth $24,256,000 after purchasing an additional 32,256 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Haverty Furniture Companies by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 324,218 shares of the company’s stock worth $8,137,000 after purchasing an additional 5,488 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in Haverty Furniture Companies by 0.5% during the first quarter. Thrivent Financial For Lutherans now owns 183,397 shares of the company’s stock worth $4,466,000 after purchasing an additional 830 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Haverty Furniture Companies by 2.5% during the second quarter. Principal Financial Group Inc. now owns 150,454 shares of the company’s stock worth $3,776,000 after purchasing an additional 3,729 shares in the last quarter. Hedge funds and other institutional investors own 79.06% of the company’s stock.
Separately, Zacks Investment Research downgraded Haverty Furniture Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday.
Haverty Furniture Companies, Inc. (HVT) opened at 23.55 on Friday. Haverty Furniture Companies, Inc. has a 12 month low of $17.25 and a 12 month high of $27.23. The firm’s 50-day moving average price is $24.75 and its 200-day moving average price is $24.18. The stock has a market cap of $499.68 million, a P/E ratio of 16.62 and a beta of 1.07.
Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings data on Monday, July 31st. The company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.10. Haverty Furniture Companies had a return on equity of 10.58% and a net margin of 3.67%. The company had revenue of $196.80 million for the quarter, compared to analyst estimates of $199.03 million. During the same quarter in the previous year, the company earned $0.24 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, analysts predict that Haverty Furniture Companies, Inc. will post $1.19 earnings per share for the current year.
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In other Haverty Furniture Companies news, insider Rawson Haverty, Jr. sold 1,391 shares of Haverty Furniture Companies stock in a transaction that occurred on Tuesday, August 22nd. The stock was 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 this link. 10.31% of the stock is currently owned by insiders.
Haverty Furniture Companies 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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