Haverty Furniture Cos. (NYSE:HVT) dropped 2.7% during trading on Thursday . The stock traded as low as $19.29 and last traded at $19.46, with a volume of 70,727 shares. The stock had previously closed at $20.00.

HVT has been the subject of several analyst reports. Zacks Investment Research upgraded Haverty Furniture Cos. from a “strong sell” rating to a “hold” rating and set a $21.00 price target for the company in a research note 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 target for the company in a research note on Tuesday, August 2nd.

The stock has a 50-day moving average of $19.63 and a 200-day moving average of $19.19. The firm has a market capitalization of $410.68 million and a PE ratio of 16.30.

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 consensus estimate of $0.19 by $0.05. The business had revenue of $194.80 million for the quarter, compared to analysts’ expectations of $194.80 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. Haverty Furniture Cos.’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities analysts expect that Haverty Furniture Cos. will post $1.28 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Wednesday, August 24th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, August 22nd. This represents a $0.48 annualized dividend and a yield of 2.47%. This is an increase from Haverty Furniture Cos.’s previous quarterly dividend of $0.10.

In other Haverty Furniture Cos. news, Chairman Clarence H. Smith sold 10,510 shares of Haverty Furniture Cos. stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $20.52, for a total transaction of $215,665.20. Following the sale, the chairman now directly owns 56,088 shares in the company, valued at approximately $1,150,925.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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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