Haverty Furniture Cos. (HVT) Stock Price Down 2.7%
Haverty Furniture Cos. (NYSE:HVT) shares were down 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.
Several research analysts have commented on HVT shares. 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.
The company has a 50-day moving average of $19.66 and a 200-day moving average of $19.19. The stock has a market capitalization of $417.44 million and a P/E ratio of 16.57.
Haverty Furniture Cos. (NYSE:HVT) last posted its earnings results on Monday, August 1st. The company reported $0.24 earnings per share (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. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 earnings per share. On average, equities analysts forecast that Haverty Furniture Cos. will post $1.28 earnings per share for the current fiscal year.
The business also recently announced 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. This represents a $0.48 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Monday, August 22nd. This is a positive change 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 the firm’s stock in a transaction 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 sale, the chairman now directly owns 56,088 shares in the company, valued at $1,150,925.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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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