Shares of Haverty Furniture Companies, Inc. (NYSE:HVT) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $17.46 and traded as high as $17.15. Haverty Furniture Companies shares last traded at $17.00, with a volume of 1,019 shares traded.
Several equities research analysts have recently issued reports on HVT shares. Zacks Investment Research raised shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Wednesday, March 13th. TheStreet lowered shares of Haverty Furniture Companies from a “b-” rating to a “c+” rating in a research note on Friday, May 31st. Finally, ValuEngine lowered shares of Haverty Furniture Companies from a “hold” rating to a “sell” rating in a research note on Saturday, May 18th.
The firm has a 50 day moving average price of $17.46. The stock has a market capitalization of $349.28 million, a price-to-earnings ratio of 11.86 and a beta of 1.07.
Haverty Furniture Companies (NYSE:HVT) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.05). Haverty Furniture Companies had a return on equity of 9.68% and a net margin of 3.43%. The company had revenue of $187.24 million for the quarter, compared to analyst estimates of $198.82 million. During the same quarter last year, the company earned $0.29 EPS. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. On average, sell-side analysts forecast that Haverty Furniture Companies, Inc. will post 1.33 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Tuesday, June 4th were given a dividend of $0.18 per share. The ex-dividend date was Monday, June 3rd. This represents a $0.72 annualized dividend and a dividend yield of 4.29%. Haverty Furniture Companies’s dividend payout ratio (DPR) is presently 50.70%.
In related news, VP Steven G. Burdette sold 4,700 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $18.10, for a total transaction of $85,070.00. Following the completion of the transaction, the vice president now owns 5,233 shares in the company, valued at approximately $94,717.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director G. Thomas Hough purchased 3,000 shares of Haverty Furniture Companies stock in a transaction that occurred on Friday, May 17th. The shares were bought at an average price of $17.91 per share, with a total value of $53,730.00. Following the transaction, the director now owns 4,748 shares in the company, valued at $85,036.68. The disclosure for this purchase can be found here. 9.27% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. Amundi Pioneer Asset Management Inc. acquired a new stake in Haverty Furniture Companies during the 1st quarter worth $1,303,000. Jaffetilchin Investment Partners LLC acquired a new stake in Haverty Furniture Companies during the 1st quarter worth $727,000. AJO LP acquired a new stake in Haverty Furniture Companies during the 1st quarter worth $4,229,000. O Shaughnessy Asset Management LLC acquired a new stake in Haverty Furniture Companies during the 1st quarter worth $330,000. Finally, CIBC Private Wealth Group LLC acquired a new stake in Haverty Furniture Companies during the 1st quarter worth $272,000. Institutional investors own 85.25% of the company’s stock.
About Haverty Furniture Companies (NYSE:HVT)
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, as well as mattress product lines under the Sealy, Tempur-Pedic, Serta, Stearns & Foster, and Beautyrest Black names.
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