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

JPMorgan Chase & Co. lowered its position in Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 39.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,656 shares of the company's stock after selling 25,697 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.24% of Haverty Furniture Companies worth $860,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new stake in Haverty Furniture Companies during the fourth quarter worth approximately $56,000. Wilmington Savings Fund Society FSB acquired a new stake in Haverty Furniture Companies during the 3rd quarter worth $88,000. US Bancorp DE lifted its position in Haverty Furniture Companies by 30.9% in the fourth quarter. US Bancorp DE now owns 5,184 shares of the company's stock valued at $115,000 after acquiring an additional 1,224 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Haverty Furniture Companies by 8.7% in the fourth 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 in the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in Haverty Furniture Companies by 22.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 13,349 shares of the company's stock valued at $297,000 after acquiring an additional 2,426 shares in the last quarter. Institutional investors and hedge funds own 80.57% of the company's stock.

Haverty Furniture Companies Stock Performance

Haverty Furniture Companies stock traded up $0.51 during midday trading on Friday, hitting $20.25. 161,677 shares of the company's stock were exchanged, compared to its average volume of 196,150. The firm's 50 day simple moving average is $19.84 and its 200 day simple moving average is $21.76. Haverty Furniture Companies, Inc. has a 12-month low of $17.01 and a 12-month high of $30.13. The stock has a market cap of $327.93 million, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $181.60 million for the quarter, compared to analysts' expectations of $178.36 million. Haverty Furniture Companies had a return on equity of 8.69% and a net margin of 3.57%. On average, equities research analysts forecast that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current fiscal year.

Haverty Furniture Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Thursday, March 6th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 6.32%. The ex-dividend date was Thursday, March 6th. Haverty Furniture Companies's dividend payout ratio (DPR) is presently 101.59%.

Wall Street Analysts Forecast Growth

HVT has been the subject of several research reports. Sidoti raised Haverty Furniture Companies to a "hold" rating in a report on Tuesday. StockNews.com cut Haverty Furniture Companies from a "buy" rating to a "hold" rating in a research note on Wednesday.

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.