Haverty Furniture Companies (HVT) Getting Somewhat Favorable Press Coverage, Analysis Finds
Media stories about Haverty Furniture Companies (NYSE:HVT) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Haverty Furniture Companies earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.5426935456739 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Haverty Furniture Companies (NYSE:HVT) traded down 1.51% on Friday, hitting $26.15. The stock had a trading volume of 113,586 shares. Haverty Furniture Companies has a 12 month low of $16.57 and a 12 month high of $26.60. The firm has a market cap of $554.85 million, a P/E ratio of 18.45 and a beta of 1.06. The firm’s 50-day moving average price is $24.24 and its 200 day moving average price is $23.92.
Haverty Furniture Companies (NYSE:HVT) last released its earnings results on Monday, July 31st. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.10. The business had revenue of $196.80 million during the quarter, compared to analysts’ expectations of $199.03 million. Haverty Furniture Companies had a net margin of 3.67% and a return on equity of 10.58%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 earnings per share. Analysts anticipate that Haverty Furniture Companies will post $1.28 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Wednesday, August 23rd were paid a dividend of $0.15 per share. The ex-dividend date was Monday, August 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.29%. This is a boost from Haverty Furniture Companies’s previous quarterly dividend of $0.12. Haverty Furniture Companies’s payout ratio is currently 42.25%.
A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Haverty Furniture Companies from a “buy” rating to a “hold” rating in a report on Monday, June 19th. ValuEngine upgraded Haverty Furniture Companies from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $28.00.
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In other news, insider Rawson Haverty, Jr. sold 1,391 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $23.83, for a total transaction of $33,147.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 10.31% of the stock is owned by insiders.
About Haverty Furniture Companies
Haverty Furniture Companies, Inc is a retailer of residential furniture and accessories. The Company sells home furnishings in its retail stores and through its Website, havertys.com. As of December 31, 2016, the Company had 124 stores in 16 states in the Southern and Midwest regions. As of December 31, 2016, the Company’s retail store space totaled approximately 4.5 million square feet for 124 stores.
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