Charles Schwab Investment Management Inc. Sells 55,263 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

Charles Schwab Investment Management Inc. decreased its holdings in Haverty Furniture Companies, Inc. (NYSE:HVT) by 24.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 169,473 shares of the company’s stock after selling 55,263 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.03% of Haverty Furniture Companies worth $3,772,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Jane Street Group LLC boosted its position in Haverty Furniture Companies by 1,258.1% during the third quarter. Jane Street Group LLC now owns 363,894 shares of the company’s stock valued at $9,996,000 after buying an additional 337,099 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of Haverty Furniture Companies in the 3rd quarter valued at about $6,129,000. Kanen Wealth Management LLC boosted its holdings in 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 period. Verition Fund Management LLC bought a new position in Haverty Furniture Companies during the 3rd quarter worth approximately $3,886,000. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in Haverty Furniture Companies by 27.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 425,940 shares of the company’s stock worth $11,701,000 after purchasing an additional 92,600 shares during the period. Institutional investors own 80.57% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Haverty Furniture Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th.

Haverty Furniture Companies Stock Down 2.7 %

Shares of Haverty Furniture Companies stock opened at $20.12 on Thursday. The firm has a market cap of $325.84 million, a PE ratio of 12.65, a price-to-earnings-growth ratio of 1.15 and a beta of 1.44. The company’s fifty day simple moving average is $22.00 and its two-hundred day simple moving average is $23.28. Haverty Furniture Companies, Inc. has a 12-month low of $19.90 and a 12-month high of $34.29.

Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.30. The company had revenue of $184.35 million for the quarter, compared to the consensus estimate of $179.84 million. Haverty Furniture Companies had a return on equity of 8.69% and a net margin of 3.57%. As a group, sell-side analysts expect that Haverty Furniture Companies, Inc. will post 0.88 earnings per share for the current fiscal year.

Haverty Furniture Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Thursday, March 6th were issued a dividend of $0.32 per share. The ex-dividend date was Thursday, March 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.36%. Haverty Furniture Companies’s dividend payout ratio is presently 109.40%.

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