Haverty Furniture Cos. (HVT) VP Allan J. Deniro Sells 750 Shares
Haverty Furniture Cos. (NYSE:HVT) VP Allan J. Deniro sold 750 shares of Haverty Furniture Cos. stock in a transaction on Friday, September 16th. The stock was sold at an average price of $19.72, for a total transaction of $14,790.00. Following the transaction, the vice president now directly owns 12,558 shares in the company, valued at $247,643.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Haverty Furniture Cos. (NYSE:HVT) opened at 19.56 on Wednesday. The company has a 50 day moving average of $20.14 and a 200-day moving average of $19.22. The stock has a market capitalization of $412.79 million, a P/E ratio of 16.38 and a beta of 0.94. Haverty Furniture Cos. has a one year low of $16.65 and a one year high of $24.54.
Haverty Furniture Cos. (NYSE:HVT) last announced its earnings results on Monday, August 1st. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. The company earned $194.80 million during the quarter, compared to the consensus estimate of $194.80 million. Haverty Furniture Cos. had a return on equity of 9.05% and a net margin of 3.30%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 earnings per share. Equities research analysts predict that Haverty Furniture Cos. will post $1.28 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Wednesday, August 24th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Monday, August 22nd. This is an increase from Haverty Furniture Cos.’s previous quarterly dividend of $0.10. Haverty Furniture Cos.’s dividend payout ratio is currently 40.00%.
A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Haverty Furniture Cos. from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Tuesday, August 16th. Raymond James Financial Inc. raised shares of Haverty Furniture Cos. from an “outperform” rating to a “strong-buy” rating and set a $23.00 price objective on the stock in a report on Tuesday, August 2nd.
Institutional investors have recently bought and sold shares of the company. Arizona State Retirement System increased its position in Haverty Furniture Cos. by 1.9% in the second quarter. Arizona State Retirement System now owns 10,475 shares of the company’s stock worth $189,000 after buying an additional 200 shares during the period. Citadel Advisors LLC purchased a new position in Haverty Furniture Cos. during the second quarter worth about $379,000. State Street Corp increased its position in Haverty Furniture Cos. by 2.2% in the second quarter. State Street Corp now owns 434,427 shares of the company’s stock worth $7,833,000 after buying an additional 9,415 shares during the period. Thrivent Financial for Lutherans increased its position in Haverty Furniture Cos. by 0.3% in the second quarter. Thrivent Financial for Lutherans now owns 182,087 shares of the company’s stock worth $3,283,000 after buying an additional 560 shares during the period. Finally, Teachers Advisors Inc. increased its position in Haverty Furniture Cos. by 16.0% in the second quarter. Teachers Advisors Inc. now owns 47,846 shares of the company’s stock worth $863,000 after buying an additional 6,589 shares during the period. Institutional investors and hedge funds own 70.32% of the company’s stock.
About Haverty Furniture Cos.
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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