Charles Schwab Investment Management Inc. Cuts Stock Position in Haverty Furniture Companies, Inc. (NYSE:HVT)

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 19.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,736 shares of the company's stock after selling 53,493 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.37% of Haverty Furniture Companies worth $6,173,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pzena Investment Management LLC acquired a new position in shares of Haverty Furniture Companies during the third quarter valued at approximately $19,768,000. Wulff Hansen & CO. lifted its holdings in Haverty Furniture Companies by 2,503.4% in the 2nd quarter. Wulff Hansen & CO. now owns 573,122 shares of the company's stock valued at $14,494,000 after purchasing an additional 551,108 shares in the last quarter. American Century Companies Inc. boosted its stake in Haverty Furniture Companies by 19.0% during the 2nd quarter. American Century Companies Inc. now owns 320,672 shares of the company's stock worth $8,110,000 after purchasing an additional 51,302 shares during the last quarter. Deprince Race & Zollo Inc. grew its holdings in shares of Haverty Furniture Companies by 28.3% during the second quarter. Deprince Race & Zollo Inc. now owns 145,895 shares of the company's stock worth $3,690,000 after buying an additional 32,175 shares in the last quarter. Finally, CWA Asset Management Group LLC acquired a new stake in shares of Haverty Furniture Companies in the third quarter valued at about $3,956,000. Hedge funds and other institutional investors own 80.57% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Haverty Furniture Companies from a "buy" rating to a "hold" rating in a research report on Friday, October 25th.

Haverty Furniture Companies Stock Performance

Shares of HVT stock traded down $0.22 on Thursday, hitting $23.19. 55,579 shares of the stock traded hands, compared to its average volume of 182,157. Haverty Furniture Companies, Inc. has a twelve month low of $21.61 and a twelve month high of $37.05. The stock has a market capitalization of $380.50 million, a PE ratio of 14.74, a PEG ratio of 2.03 and a beta of 1.47. The firm's 50-day moving average price is $23.96 and its two-hundred day moving average price is $25.76.

Haverty Furniture Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 26th will be given a $0.32 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.28 dividend on an annualized basis and a yield of 5.52%. Haverty Furniture Companies's dividend payout ratio is currently 80.50%.

Haverty Furniture Companies Company 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.