JPMorgan Chase & Co. Trims Stock Holdings in Haverty Furniture Companies, Inc. (NYSE:HVT)

JPMorgan Chase & Co. trimmed its holdings in Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 57.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,353 shares of the company's stock after selling 85,547 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.39% of Haverty Furniture Companies worth $1,768,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HVT. Point72 DIFC Ltd purchased a new position in shares of Haverty Furniture Companies in the third quarter worth $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 bought a new position in shares of Haverty Furniture Companies during the 3rd quarter valued at about $109,000. Quest Partners LLC bought a new position in shares of Haverty Furniture Companies during the 3rd quarter valued at about $185,000. Finally, Centiva Capital LP purchased a new position in shares of Haverty Furniture Companies during the third quarter valued at about $294,000. 80.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Haverty Furniture Companies Trading Up 1.2 %

Shares of HVT stock traded up $0.28 on Thursday, reaching $22.91. The company's stock had a trading volume of 95,541 shares, compared to its average volume of 97,138. The stock's fifty day simple moving average is $22.65 and its 200-day simple moving average is $24.93. Haverty Furniture Companies, Inc. has a 1 year low of $21.05 and a 1 year high of $37.05. The company has a market capitalization of $375.95 million, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 1.01 and a beta of 1.48.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.19). Haverty Furniture Companies had a net margin of 3.57% and a return on equity of 8.69%. The business had revenue of $175.91 million for the quarter, compared to the consensus estimate of $192.85 million. During the same quarter last year, the business earned $1.02 EPS. Equities research analysts forecast that Haverty Furniture Companies, Inc. will post 0.88 earnings per share for the current year.

Haverty Furniture Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, November 26th were given a dividend of $0.32 per share. The ex-dividend date was Tuesday, November 26th. This represents a $1.28 dividend on an annualized basis and a yield of 5.59%. Haverty Furniture Companies's dividend payout ratio (DPR) is presently 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.