Haverty Furniture Cos. (NYSE:HVT) fell 2.8% during trading on Friday . The stock traded as low as $20.47 and last traded at $20.48, with a volume of 138,451 shares changing hands. The stock had previously closed at $21.06.

Several research firms have recently commented on HVT. Zacks Investment Research upgraded shares of Haverty Furniture Cos. from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Raymond James Financial Inc. upgraded shares of 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. Finally, TheStreet lowered shares of Haverty Furniture Cos. from a “buy” rating to a “hold” rating in a report on Thursday, April 21st.

The stock has a market capitalization of $432.21 million and a PE ratio of 17.15. The company has a 50-day moving average of $18.79 and a 200-day moving average of $18.99.

Haverty Furniture Cos. (NYSE:HVT) last released its quarterly earnings data on Monday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.05. The firm had revenue of $194.80 million for the quarter, compared to analyst estimates of $194.80 million. Haverty Furniture Cos.’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.21 earnings per share. Equities research analysts forecast that Haverty Furniture Cos. will post $1.28 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Wednesday, August 24th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.34%. The ex-dividend date is Monday, August 22nd. This is an increase from Haverty Furniture Cos.’s previous quarterly dividend of $0.10.

In related news, EVP Steven G. Burdette sold 4,900 shares of the firm’s stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of $18.06, for a total transaction of $88,494.00. Following the completion of the sale, the executive vice president now directly owns 1,493 shares in the company, valued at $26,963.58. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

A hedge fund recently raised its stake in Haverty Furniture Cos. stock. New York State Common Retirement Fund increased its stake in Haverty Furniture Cos. (NYSE:HVT) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 0.27% of Haverty Furniture Cos. worth $1,263,000 at the end of the most recent reporting period.

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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