State Street Corp Grows Stock Holdings in Haverty Furniture Companies, Inc. (NYSE:HVT)

State Street Corp raised its position in Haverty Furniture Companies, Inc. (NYSE:HVT) by 10.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 652,503 shares of the company’s stock after acquiring an additional 63,852 shares during the quarter. State Street Corp owned approximately 3.47% of Haverty Furniture Companies worth $7,758,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of Haverty Furniture Companies by 732.1% in the first quarter. JPMorgan Chase & Co. now owns 203,160 shares of the company’s stock valued at $2,416,000 after acquiring an additional 178,746 shares during the period. Wedge Capital Management L L P NC increased its position in shares of Haverty Furniture Companies by 36.3% in the first quarter. Wedge Capital Management L L P NC now owns 89,165 shares of the company’s stock valued at $1,060,000 after acquiring an additional 23,753 shares during the period. Engineers Gate Manager LP purchased a new position in shares of Haverty Furniture Companies in the first quarter valued at about $422,000. Wells Fargo & Company MN increased its position in shares of Haverty Furniture Companies by 14.0% in the first quarter. Wells Fargo & Company MN now owns 53,635 shares of the company’s stock valued at $638,000 after acquiring an additional 6,605 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Haverty Furniture Companies by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 325,660 shares of the company’s stock valued at $6,565,000 after acquiring an additional 12,712 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Shares of HVT opened at $14.22 on Friday. The firm’s 50-day moving average price is $15.14 and its 200-day moving average price is $15.75. The firm has a market capitalization of $267.34 million, a price-to-earnings ratio of 14.22 and a beta of 1.45. Haverty Furniture Companies, Inc. has a 1-year low of $9.81 and a 1-year high of $21.43.

Haverty Furniture Companies (NYSE:HVT) last posted its quarterly earnings data on Wednesday, May 20th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.32) by $0.41. Haverty Furniture Companies had a net margin of 2.53% and a return on equity of 8.33%. The business had revenue of $179.43 million for the quarter, compared to analyst estimates of $140.40 million. As a group, sell-side analysts expect that Haverty Furniture Companies, Inc. will post 0.52 earnings per share for the current fiscal year.

A number of research firms have issued reports on HVT. Sidoti boosted their price objective on shares of Haverty Furniture Companies from $9.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. ValuEngine lowered shares of Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research note on Thursday, May 21st. Finally, Zacks Investment Research lowered shares of Haverty Furniture Companies from a “strong-buy” rating to a “sell” rating in a research note on Wednesday, July 22nd.

About Haverty Furniture Companies

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and accessories in the United States. The company offers furniture merchandise under the Havertys brand name. It also provides custom upholstery products, as well as mattress product lines under the Sealy, Tempur-Pedic, Serta, Stearns & Foster, and Beautyrest Black names.

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

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