TIAA CREF Investment Management LLC lowered its stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 24.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 77,455 shares of the company’s stock after selling 25,295 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.37% of Haverty Furniture Companies worth $1,886,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of HVT. Norges Bank bought a new position in shares of Haverty Furniture Companies during the fourth quarter valued at approximately $1,322,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Haverty Furniture Companies during the first quarter valued at approximately $733,000. Bank of New York Mellon Corp boosted 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 buying an additional 17,674 shares during the period. Arizona State Retirement System boosted 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 valued at $245,000 after buying an additional 200 shares during the period. Finally, Acadian Asset Management LLC boosted 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 buying an additional 10,225 shares during the period. 78.75% of the stock is owned by hedge funds and other institutional investors.

Shares of Haverty Furniture Companies, Inc. (NYSE:HVT) opened at 25.25 on Tuesday. 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 $534.72 million, a price-to-earnings ratio of 17.82 and a beta of 1.11. The firm has a 50-day moving average price of $23.49 and a 200 day moving average price of $23.53.

Haverty Furniture Companies (NYSE:HVT) last announced its earnings results on Monday, July 31st. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $196.80 million for the quarter, compared to the consensus estimate of $199.03 million. During the same quarter in the previous year, the business earned $0.24 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. On average, analysts predict that Haverty Furniture Companies, Inc. will post $1.20 EPS for the current fiscal year.

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Several research analysts recently commented on HVT shares. ValuEngine raised Haverty Furniture Companies from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded Haverty Furniture Companies from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.00.

In other news, insider Rawson Haverty, Jr. sold 1,964 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $23.52, for a total value of $46,193.28. Following the transaction, the insider now owns 400 shares in the company, valued at approximately $9,408. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Steven G. Burdette sold 4,800 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $23.50, for a total value of $112,800.00. Following the completion of the transaction, the insider now owns 3,657 shares in the company, valued at approximately $85,939.50. The disclosure for this sale can be found here. Insiders sold a total of 8,727 shares of company stock worth $208,991 in the last 90 days. Company insiders own 10.31% of the company’s stock.

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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