Haverty Furniture Cos. (HVT) Shares Down 2.8%
Haverty Furniture Cos. (NYSE:HVT) was down 2.8% on Friday . The stock traded as low as $20.47 and last traded at $20.48, with a volume of 138,451 shares. The stock had previously closed at $21.06.
Several equities research analysts recently weighed in on HVT shares. Raymond James Financial Inc. raised Haverty Furniture Cos. from an “outperform” rating to a “strong-buy” rating and set a $23.00 price target for the company in a report on Tuesday, August 2nd. Zacks Investment Research raised Haverty Furniture Cos. from a “strong sell” rating to a “hold” rating and set a $21.00 price target for the company in a report on Tuesday, June 7th. Finally, TheStreet downgraded Haverty Furniture Cos. from a “buy” rating to a “hold” rating in a report on Thursday, April 21st.
The firm has a 50 day moving average of $18.79 and a 200 day moving average of $18.99. The company has a market capitalization of $432.21 million and a PE ratio of 17.15.
Haverty Furniture Cos. (NYSE:HVT) last announced its earnings results on Monday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.05. The business earned $194.80 million during the quarter, compared to analyst estimates of $194.80 million. During the same period in the previous year, the company earned $0.21 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, analysts anticipate that Haverty Furniture Cos. will post $1.28 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Wednesday, August 24th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.34%. This is a boost from Haverty Furniture Cos.’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Monday, August 22nd.
In other Haverty Furniture Cos. news, EVP Steven G. Burdette sold 4,900 shares of the company’s stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $18.06, for a total value of $88,494.00. Following the transaction, the executive vice president now directly owns 1,493 shares of the company’s stock, valued at approximately $26,963.58. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
An institutional investor recently raised its position in Haverty Furniture Cos. stock. New York State Common Retirement Fund raised its position in shares of Haverty Furniture Cos. (NYSE:HVT) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,900 shares of the company’s stock after buying an additional 1,300 shares during the period. New York State Common Retirement Fund owned approximately 0.27% of Haverty Furniture Cos. worth $1,263,000 at the end of the most recent quarter.
Haverty Furniture Companies, Inc is a specialty retailer of residential furniture and accessories. The Company sells home furnishings in its retail stores and through its Website havertys.com. The Company has over 120 stores in approximately 20 states in the southern and Midwest regions with over 4.4 million square feet retail store space.
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