Haverty Furniture Companies, Inc. (HVT) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its holdings in Haverty Furniture Companies, Inc. (NYSE:HVT) by 26.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,460 shares of the company’s stock after selling 13,616 shares during the quarter. JPMorgan Chase & Co. owned 0.18% of Haverty Furniture Companies worth $1,021,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of HVT. Russell Investments Group Ltd. boosted its holdings in shares of Haverty Furniture Companies by 20.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 6,764 shares of the company’s stock valued at $169,000 after purchasing an additional 1,164 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Haverty Furniture Companies by 23.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 108,485 shares of the company’s stock valued at $2,723,000 after purchasing an additional 20,882 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Haverty Furniture Companies in the 2nd quarter valued at $103,000. Bank of New York Mellon Corp boosted its holdings in shares of Haverty Furniture Companies by 1.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 324,218 shares of the company’s stock valued at $8,137,000 after acquiring an additional 5,488 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Haverty Furniture Companies by 6.3% during the 2nd quarter. Legal & General Group Plc now owns 35,320 shares of the company’s stock valued at $885,000 after acquiring an additional 2,097 shares in the last quarter. 80.64% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Haverty Furniture Companies, Inc. (NYSE:HVT) opened at $23.95 on Friday. The company has a current ratio of 2.17, a quick ratio of 1.16 and a debt-to-equity ratio of 0.18. Haverty Furniture Companies, Inc. has a twelve month low of $21.05 and a twelve month high of $27.23. The firm has a market capitalization of $478.43, a price-to-earnings ratio of 18.28, a P/E/G ratio of 4.22 and a beta of 1.13.

Haverty Furniture Companies (NYSE:HVT) last released its quarterly earnings data on Tuesday, October 31st. The company reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.04. Haverty Furniture Companies had a return on equity of 10.10% and a net margin of 3.53%. The company had revenue of $207.60 million for the quarter, compared to the consensus estimate of $215.32 million. During the same quarter last year, the business posted $0.34 EPS. Haverty Furniture Companies’s revenue for the quarter was down 1.9% on a year-over-year basis. research analysts forecast that Haverty Furniture Companies, Inc. will post 1.19 earnings per share for the current year.

In related news, Director Fred L. Schuermann sold 1,950 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $23.15, for a total transaction of $45,142.50. Following the sale, the director now owns 3 shares of the company’s stock, valued at approximately $69.45. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Rawson Haverty, Jr. sold 23,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $23.30, for a total value of $535,900.00. Following the sale, the insider now directly owns 82,331 shares in the company, valued at approximately $1,918,312.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,871 shares of company stock worth $769,483. 10.31% of the stock is currently owned by company insiders.

Separately, Zacks Investment Research raised Haverty Furniture Companies from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective on the stock in a report on Wednesday, October 4th.

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About Haverty Furniture Companies

Haverty Furniture Companies, Inc is a retailer of residential furniture and accessories. The Company sells home furnishings in its retail stores and through its Website, havertys.com. As of December 31, 2016, the Company had 124 stores in 16 states in the Southern and Midwest regions. As of December 31, 2016, the Company’s retail store space totaled approximately 4.5 million square feet for 124 stores.

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Institutional Ownership by Quarter for Haverty Furniture Companies (NYSE:HVT)

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