Haverty Furniture Companies, Inc. (NYSE:HVT) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 72.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 102,039 shares of the company’s stock after selling 261,855 shares during the quarter. Jane Street Group LLC’s holdings in Haverty Furniture Companies were worth $2,271,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Pzena Investment Management LLC boosted its position in shares of Haverty Furniture Companies by 33.7% in the 4th quarter. Pzena Investment Management LLC now owns 962,102 shares of the company’s stock worth $21,416,000 after buying an additional 242,465 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Haverty Furniture Companies by 9.8% during the 4th quarter. American Century Companies Inc. now owns 404,318 shares of the company’s stock valued at $9,000,000 after acquiring an additional 36,086 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Haverty Furniture Companies by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 326,221 shares of the company’s stock valued at $7,263,000 after acquiring an additional 5,107 shares during the last quarter. Kanen Wealth Management LLC increased its stake in shares of Haverty Furniture Companies by 266.8% during the 4th quarter. Kanen Wealth Management LLC now owns 213,477 shares of the company’s stock valued at $4,752,000 after acquiring an additional 155,273 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Haverty Furniture Companies by 20.5% during the 4th quarter. Bank of New York Mellon Corp now owns 208,835 shares of the company’s stock valued at $4,649,000 after acquiring an additional 35,511 shares during the last quarter. 80.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HVT. Sidoti raised shares of Haverty Furniture Companies to a “hold” rating in a research report on Tuesday, April 29th. StockNews.com upgraded Haverty Furniture Companies from a “hold” rating to a “buy” rating in a report on Thursday, May 8th.

Haverty Furniture Companies Price Performance

Shares of HVT opened at $21.14 on Friday. The business’s fifty day moving average price is $19.44 and its 200 day moving average price is $21.45. Haverty Furniture Companies, Inc. has a 12-month low of $17.01 and a 12-month high of $30.13. The stock has a market capitalization of $341.47 million, a PE ratio of 13.30, a price-to-earnings-growth ratio of 1.15 and a beta of 1.41.

Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.09. Haverty Furniture Companies had a return on equity of 8.69% and a net margin of 3.57%. The firm had revenue of $181.60 million for the quarter, compared to analysts’ expectations of $178.36 million. As a group, research analysts anticipate that Haverty Furniture Companies, Inc. will post 0.88 earnings per share for the current fiscal year.

Haverty Furniture Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Thursday, March 6th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.05%. The ex-dividend date of this dividend was Thursday, March 6th. Haverty Furniture Companies’s dividend payout ratio (DPR) is 101.59%.

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.