Koss Olinger Consulting LLC Sells 765 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

Koss Olinger Consulting LLC trimmed its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,479 shares of the company’s stock after selling 765 shares during the period. Koss Olinger Consulting LLC owned about 0.09% of Haverty Furniture Companies worth $322,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in HVT. Pzena Investment Management LLC increased its holdings in Haverty Furniture Companies by 33.7% in the 4th quarter. Pzena Investment Management LLC now owns 962,102 shares of the company’s stock worth $21,416,000 after acquiring an additional 242,465 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in Haverty Furniture Companies by 27.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 425,940 shares of the company’s stock worth $11,701,000 after acquiring an additional 92,600 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Haverty Furniture Companies in the 4th quarter worth about $377,000. Jane Street Group LLC increased its holdings in Haverty Furniture Companies by 1,258.1% in the 3rd quarter. Jane Street Group LLC now owns 363,894 shares of the company’s stock worth $9,996,000 after acquiring an additional 337,099 shares during the last quarter. Finally, Kanen Wealth Management LLC increased its holdings in Haverty Furniture Companies by 266.8% in the 4th quarter. Kanen Wealth Management LLC now owns 213,477 shares of the company’s stock worth $4,752,000 after acquiring an additional 155,273 shares during the last quarter. 80.57% of the stock is currently owned by institutional investors.

Haverty Furniture Companies Stock Down 0.2 %

HVT stock opened at $21.61 on Thursday. The firm has a market capitalization of $349.87 million, a PE ratio of 13.59, a PEG ratio of 1.15 and a beta of 1.44. Haverty Furniture Companies, Inc. has a twelve month low of $20.37 and a twelve month high of $34.29. The stock has a 50-day simple moving average of $22.10 and a two-hundred day simple moving average of $23.47.

Haverty Furniture Companies (NYSE:HVT) last posted its earnings results on Monday, February 24th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.30. The business had revenue of $184.35 million during the quarter, compared to analyst estimates of $179.84 million. Haverty Furniture Companies had a return on equity of 8.69% and a net margin of 3.57%. On average, equities research analysts anticipate that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current fiscal year.

Haverty Furniture Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 5.92%. The ex-dividend date of this dividend is Thursday, March 6th. Haverty Furniture Companies’s payout ratio is presently 109.40%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Haverty Furniture Companies from a “hold” rating to a “buy” rating in a report on Wednesday.

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.