Caxton Associates LP Boosts Stake in Haverty Furniture Companies, Inc. (NYSE:HVT)

Caxton Associates LP raised its position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 88.2% in the first quarter, Holdings Channel.com reports. The fund owned 19,743 shares of the company’s stock after buying an additional 9,254 shares during the quarter. Caxton Associates LP’s holdings in Haverty Furniture Companies were worth $674,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. AJOVista LLC purchased a new stake in shares of Haverty Furniture Companies in the fourth quarter worth about $71,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Haverty Furniture Companies by 62.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,511 shares of the company’s stock worth $160,000 after buying an additional 1,740 shares during the period. O Shaughnessy Asset Management LLC purchased a new stake in shares of Haverty Furniture Companies in the first quarter worth about $206,000. Yousif Capital Management LLC purchased a new stake in shares of Haverty Furniture Companies in the fourth quarter worth about $235,000. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of Haverty Furniture Companies in the fourth quarter worth about $238,000. Hedge funds and other institutional investors own 80.57% of the company’s stock.

Haverty Furniture Companies Stock Up 1.3 %

Shares of NYSE HVT opened at $28.65 on Wednesday. The stock’s 50 day moving average price is $26.21 and its two-hundred day moving average price is $30.30. Haverty Furniture Companies, Inc. has a 52-week low of $23.09 and a 52-week high of $37.05. The stock has a market capitalization of $465.28 million, a P/E ratio of 10.42, a PEG ratio of 1.57 and a beta of 1.44.

Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.19). The company had revenue of $184.00 million for the quarter, compared to analyst estimates of $192.70 million. Haverty Furniture Companies had a return on equity of 14.98% and a net margin of 5.64%. On average, analysts anticipate that Haverty Furniture Companies, Inc. will post 1.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on HVT shares. Benchmark reaffirmed a “buy” rating and issued a $45.00 target price on shares of Haverty Furniture Companies in a research report on Thursday, May 2nd. StockNews.com cut Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, June 19th.

Haverty Furniture Companies Profile

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 and eclectic looks; and mattress product lines under the Tempur-Pedic, Serta, Sealy, and Stearns and Foster names.