Acadian Asset Management LLC raised its position in Haverty Furniture Companies, Inc. (NYSE:HVT) by 142.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,675 shares of the company’s stock after buying an additional 48,514 shares during the period. Acadian Asset Management LLC owned about 0.39% of Haverty Furniture Companies worth $2,074,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HVT. Mason Street Advisors LLC increased its position 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 in the last quarter. Russell Investments Group Ltd. increased its position in shares of Haverty Furniture Companies by 569.9% in the first quarter. Russell Investments Group Ltd. now owns 5,600 shares of the company’s stock worth $136,000 after buying an additional 4,764 shares in the last quarter. Bank of Montreal Can increased its position in shares of Haverty Furniture Companies by 5.3% in the first quarter. Bank of Montreal Can now owns 8,939 shares of the company’s stock worth $218,000 after buying an additional 449 shares in the last quarter. Karp Capital Management Corp purchased a new position in shares of Haverty Furniture Companies during the first quarter worth $244,000. Finally, Arizona State Retirement System increased its position 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 in the last quarter. Institutional investors own 78.75% of the company’s stock.

Shares of Haverty Furniture Companies, Inc. (NYSE:HVT) traded up 5.45% during trading on Monday, reaching $25.15. 92,519 shares of the company were exchanged. The stock has a 50-day moving average price of $23.49 and a 200-day moving average price of $23.53. Haverty Furniture Companies, Inc. has a one year low of $16.57 and a one year high of $26.30. The stock has a market capitalization of $532.60 million, a PE ratio of 17.75 and a beta of 1.11.

Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings results on Monday, July 31st. The company reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.10. The business had revenue of $196.80 million during the quarter, compared to analysts’ expectations of $199.03 million. Haverty Furniture Companies had a net margin of 3.67% and a return on equity of 10.58%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 EPS. Analysts forecast that Haverty Furniture Companies, Inc. will post $1.20 EPS for the current year.

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HVT has been the subject of a number of analyst reports. ValuEngine raised shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research raised shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Wednesday, June 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Haverty Furniture Companies has a consensus rating of “Hold” and a consensus price target of $28.00.

In other Haverty Furniture Companies news, insider Rawson Haverty, Jr. sold 1,964 shares of the stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $23.52, for a total transaction of $46,193.28. Following the completion of the sale, the insider now owns 400 shares of the company’s stock, valued at approximately $9,408. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Steven G. Burdette sold 4,800 shares of the stock in a transaction on 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 directly owns 3,657 shares of the company’s stock, valued at approximately $85,939.50. The disclosure for this sale can be found here. Insiders have sold a total of 8,727 shares of company stock valued at $208,991 in the last three months. 10.31% of the stock is currently owned by corporate insiders.

About Haverty Furniture Companies

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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