Dimensional Fund Advisors LP recently announced the acquisition of new stake in Haverty Furniture Companies Inc. (NYSE:HVT). The institutional investor has increased its shareholding in the Consumer Cyclical company by 0.29% to 1.21 million shares with purchase of 3453.0 shares. This fresh investment now brings its stake to 8.14% valued currently at $36.19 million. In addition, SSgA Funds Management, Inc. raised its holdings by 16740.0 to 0.64 million shares. And First Trust Advisors LP has lifted its position by 10.00% or 32926.0 shares – to 0.36 million shares.
With over 0.1 million Haverty Furniture Companies Inc. (HVT) shares trading Monday and a closing price of $33.29 on the day, the dollar volume was approximately $3.48 million. The shares have shown a positive half year performance of 33.79% and its price on 01/23/23 lost nearly -0.63%. Currently, there are 16.30M common shares owned by the public and among those 13.67M shares have been available to trade.
Insiders at the company have transacted a total of 87 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 62 of these insider trades were purchases, accounting for 81,245 shares. Insider sales of the common stock occurred on 25 occasions, with total insider shares sold totaling 68,800 shares.
The top 3 mutual fund holders in Haverty Furniture Companies Inc. are iShares Core S&P Small Cap ETF, Vanguard Total Stock Market Index, and DFA US Small Cap Value Portfolio. iShares Core S&P Small Cap ETF owns 0.98 million shares of the company’s stock, all valued at over $29.26 million. The company sold 736.0 shares recently to bring their total holdings to about 6.58% of the shares outstanding. DFA US Small Cap Value Portfolio bought 5087.0 shares to bring its total holdings to over 0.36 million shares at a value of $10.67 million. DFA US Small Cap Value Portfolio now owns shares totaling to 2.40% of the shares outstanding.
Shares of Haverty Furniture Companies Inc. (NYSE: HVT) opened at $33.74, up $0.24 from a prior closing price of $33.50. However, the script later moved the day high at 33.95, down -0.63%. The company’s stock has a 5-day price change of -2.23% and 36.39% over the past three months. HVT shares are trading 11.34% year to date (YTD), with the 12-month market performance up to 20.69% higher. It has a 12-month low price of $22.05 and touched a high of $34.48 over the same period. HVT has an average intraday trading volume of 144.82K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.38%, 6.43%, and 21.93% respectively.
Institutional ownership of Haverty Furniture Companies Inc. (NYSE: HVT) shares accounts for 98.70% of the company’s 16.30M shares outstanding. Mutual fund holders own 55.41%, while other institutional holders and individual stakeholders account for 6.15% and 41.12% respectively.
It has a market capitalization of $533.31M and a beta (3y monthly) value of 1.42. The stock’s trailing 12-month PE ratio is 6.46, while the earnings-per-share (ttm) stands at $5.15. The company has a PEG of 0.49 and a Quick Ratio of 0.90 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.50% over the week and 2.41% over the month.
Analysts forecast that Haverty Furniture Companies Inc. (HVT) will achieve an EPS of $0.94 for the current quarter, $1.01 for the next quarter and $3.76 for 2023. The lowest estimate earnings-per-share for the quarter is $0.81 while analysts give the company a high EPS estimate of $1.08. Comparatively, EPS for the current quarter was $1.31 a year ago. Earnings per share for the fiscal year are expected to increase by 56.70%, and -20.49% over the next financial year. EPS should shrink at an annualized rate of 13.10% over the next five years, compared to 32.70% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Haverty Furniture Companies Inc. (HVT) as a “Strong Buy” at a consensus score of 1.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Raymond James on their part issued Outperform rating on July 14, 2015.