Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Haverty Furniture Companies by 13.5% during the 1st quarter. BlackRock Inc. now owns 3,101,540 shares of the company’s stock valued at $85,045,000 after acquiring an additional 369,931 shares during the last quarter. First Trust Advisors LP boosted its stake in Haverty Furniture Companies by 1,267.8% during the 1st quarter. First Trust Advisors LP now owns 334,971 shares of the company’s stock valued at $9,185,000 after acquiring an additional 310,481 shares during the last quarter. State Street Corp boosted its stake in Haverty Furniture Companies by 12.0% during the 1st quarter. State Street Corp now owns 654,090 shares of the company’s stock valued at $17,935,000 after acquiring an additional 70,246 shares during the last quarter. Salem Investment Counselors Inc. bought a new position in Haverty Furniture Companies during the 1st quarter valued at $1,819,000. Finally, Aviva PLC bought a new position in Haverty Furniture Companies during the 1st quarter valued at $1,398,000. 87.17% of the stock is owned by institutional investors and hedge funds.
Haverty Furniture Companies Stock Performance
Haverty Furniture Companies stock opened at $35.41 on Wednesday. The firm’s 50-day moving average is $32.66 and its 200-day moving average is $29.88. Haverty Furniture Companies, Inc. has a 1 year low of $22.77 and a 1 year high of $36.88. The company has a market cap of $571.87 million, a P/E ratio of 6.82 and a beta of 1.44.
Wall Street Analyst Weigh In
A number of research analysts have commented on the stock. Telsey Advisory Group assumed coverage on shares of Haverty Furniture Companies in a research note on Thursday, October 27th. They set a “moderate risk” rating on the stock. StockNews.com upgraded shares of Haverty Furniture Companies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 8th.
Haverty Furniture Companies Profile
Haverty Furniture Cos., Inc operates as a specialty retailer of residential furniture and accessories. It provides a selection of products and styles and various brands carried furniture. The firm offers the bedding product lines, which include sealy, serta, stearns, foster and tempur pedic. It also provides financing through an internal revolving charge credit plan, as well as a third party finance company.
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