JPMorgan Chase & Co. reduced its position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 26.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,460 shares of the company’s stock after selling 13,616 shares during the period. JPMorgan Chase & Co. owned about 0.18% of Haverty Furniture Companies worth $1,021,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of HVT. SG Americas Securities LLC bought a new stake in Haverty Furniture Companies in the second quarter valued at approximately $103,000. Russell Investments Group Ltd. raised its stake in Haverty Furniture Companies by 20.8% in the second quarter. Russell Investments Group Ltd. now owns 6,764 shares of the company’s stock valued at $169,000 after buying an additional 1,164 shares during the period. BNP Paribas Arbitrage SA raised its stake in Haverty Furniture Companies by 53.6% in the second quarter. BNP Paribas Arbitrage SA now owns 7,165 shares of the company’s stock valued at $180,000 after buying an additional 2,501 shares during the period. Stephens Inc. AR bought a new stake in Haverty Furniture Companies in the second quarter valued at approximately $213,000. Finally, Citadel Advisors LLC bought a new position in shares of Haverty Furniture Companies during the second quarter worth approximately $288,000. 80.64% of the stock is owned by institutional investors.
Separately, Zacks Investment Research upgraded Haverty Furniture Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th.
In related news, Director Fred L. Schuermann sold 1,950 shares of the stock in a transaction that occurred 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 $69.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Rawson Haverty, Jr. sold 23,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was 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. Insiders have sold 32,871 shares of company stock worth $769,483 in the last three months. 10.31% of the stock is currently owned by company insiders.
Haverty Furniture Companies, Inc. (HVT) opened at $23.50 on Friday. The firm has a market capitalization of $495.46, a P/E ratio of 17.28, a PEG ratio of 3.54 and a beta of 1.13. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.16 and a current ratio of 2.17. Haverty Furniture Companies, Inc. has a 52 week low of $21.05 and a 52 week high of $27.23.
Haverty Furniture Companies (NYSE:HVT) last announced its earnings results on Tuesday, October 31st. The company reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.04. The company had revenue of $207.60 million for the quarter, compared to analyst estimates of $215.32 million. Haverty Furniture Companies had a return on equity of 8.21% and a net margin of 2.88%. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 earnings per share. research analysts expect that Haverty Furniture Companies, Inc. will post 1.15 EPS for the current year.
Haverty Furniture Companies Company Profile
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.