Jane Street Group LLC Sells 261,855 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

Jane Street Group LLC trimmed its holdings in Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 72.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 102,039 shares of the company's stock after selling 261,855 shares during the period. Jane Street Group LLC owned 0.62% of Haverty Furniture Companies worth $2,271,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of HVT. KLP Kapitalforvaltning AS purchased a new stake in shares of Haverty Furniture Companies during the 4th quarter valued at about $56,000. US Bancorp DE grew its holdings in Haverty Furniture Companies by 30.9% during 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. increased its holdings in shares of Haverty Furniture Companies by 8.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 6,813 shares of the company's stock valued at $152,000 after acquiring an additional 548 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of Haverty Furniture Companies in the 4th quarter valued at approximately $242,000. Finally, Wells Fargo & Company MN grew its stake in Haverty Furniture Companies by 20.9% during the 4th quarter. Wells Fargo & Company MN now owns 11,558 shares of the company's stock worth $257,000 after buying an additional 1,997 shares during the last quarter. 80.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HVT has been the subject of a number of analyst reports. StockNews.com upgraded Haverty Furniture Companies from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Sidoti raised Haverty Furniture Companies to a "hold" rating in a research report on Tuesday, April 29th.

Haverty Furniture Companies Stock Down 1.5%

Shares of HVT stock traded down $0.31 during mid-day trading on Monday, reaching $20.79. The stock had a trading volume of 116,454 shares, compared to its average volume of 196,395. The firm's 50 day simple moving average is $19.42 and its 200 day simple moving average is $21.41. Haverty Furniture Companies, Inc. has a one year low of $17.01 and a one year high of $29.85. The firm has a market cap of $335.82 million, a PE ratio of 13.08, a P/E/G ratio of 1.15 and a beta of 1.41.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $178.36 million. Sell-side analysts forecast that Haverty Furniture Companies, Inc. will post 0.88 earnings per share for the current fiscal year.

Haverty Furniture Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Monday, June 2nd will be issued a $0.32 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.16%. Haverty Furniture Companies's dividend payout ratio (DPR) is 101.59%.

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.