Haverty Furniture Cos. (HVT) Stock Price Up 2.5%
Haverty Furniture Cos. (NYSE:HVT)’s share price rose 2.5% during trading on Wednesday . The company traded as high as $20.01 and last traded at $20.00, with a volume of 191,591 shares. The stock had previously closed at $19.52.
Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Haverty Furniture Cos. from a “strong sell” rating to a “hold” rating and set a $21.00 price objective on the stock in a research report on Tuesday, June 7th. Raymond James Financial Inc. upgraded Haverty Furniture Cos. from an “outperform” rating to a “strong-buy” rating and set a $23.00 price objective on the stock in a research report on Tuesday, August 2nd.
The company’s 50 day moving average price is $19.62 and its 200 day moving average price is $19.18. The stock has a market capitalization of $422.08 million and a price-to-earnings ratio of 16.75.
Haverty Furniture Cos. (NYSE:HVT) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.05. During the same quarter in the previous year, the business posted $0.21 earnings per share. The firm had revenue of $194.80 million for the quarter, compared to the consensus estimate of $194.80 million. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts anticipate that Haverty Furniture Cos. will post $1.28 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Wednesday, August 24th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, August 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 2.40%. This is a positive change from Haverty Furniture Cos.’s previous quarterly dividend of $0.10.
In other news, Chairman Clarence H. Smith sold 10,510 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $20.52, for a total value of $215,665.20. Following the completion of the sale, the chairman now directly owns 56,088 shares of the company’s stock, valued at $1,150,925.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
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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