Charles Schwab Investment Management Inc. Trims Stake in Haverty Furniture Companies, Inc. (NYSE:HVT)

Charles Schwab Investment Management Inc. lowered its stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 24.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 169,473 shares of the company's stock after selling 55,263 shares during the period. Charles Schwab Investment Management Inc. owned about 1.03% of Haverty Furniture Companies worth $3,772,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Point72 DIFC Ltd purchased a new stake in shares of Haverty Furniture Companies in the third quarter valued at approximately $70,000. Wilmington Savings Fund Society FSB purchased a new stake in Haverty Furniture Companies in the 3rd quarter worth $88,000. US Bancorp DE increased its holdings in Haverty Furniture Companies by 30.9% in the 4th quarter. US Bancorp DE now owns 5,184 shares of the company's stock worth $115,000 after acquiring an additional 1,224 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in Haverty Furniture Companies by 8.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 6,813 shares of the company's stock worth $152,000 after acquiring an additional 548 shares during the period. Finally, Quest Partners LLC purchased a new position in Haverty Furniture Companies during the third quarter valued at $185,000. Institutional investors and hedge funds own 80.57% of the company's stock.

Wall Street Analysts Forecast Growth

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

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Haverty Furniture Companies Stock Down 2.5 %

HVT traded down $0.53 during trading on Friday, reaching $20.22. The company's stock had a trading volume of 150,530 shares, compared to its average volume of 191,055. The company has a market cap of $327.46 million, a price-to-earnings ratio of 12.72, a PEG ratio of 1.15 and a beta of 1.44. The firm has a fifty day simple moving average of $21.93 and a two-hundred day simple moving average of $23.20. Haverty Furniture Companies, Inc. has a 1 year low of $19.83 and a 1 year high of $33.97.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.30. The firm 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, equities analysts forecast that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current fiscal year.

Haverty Furniture Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Thursday, March 6th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.28 annualized dividend and a dividend yield of 6.33%. Haverty Furniture Companies's payout ratio is 109.40%.

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.