Haverty Furniture Companies, Inc. (NYSE:HVT) Director G. Thomas Hough acquired 3,000 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was purchased at an average cost of $17.91 per share, with a total value of $53,730.00. Following the completion of the purchase, the director now directly owns 4,748 shares of the company’s stock, valued at approximately $85,036.68. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
HVT traded up $0.36 on Tuesday, hitting $18.36. 124,023 shares of the company were exchanged, compared to its average volume of 141,758. Haverty Furniture Companies, Inc. has a twelve month low of $17.52 and a twelve month high of $25.09. The stock has a market capitalization of $363.47 million, a price-to-earnings ratio of 12.93 and a beta of 0.84.
Haverty Furniture Companies (NYSE:HVT) last released its earnings results on Tuesday, April 30th. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.05). Haverty Furniture Companies had a return on equity of 9.68% and a net margin of 3.43%. The company had revenue of $187.24 million for the quarter, compared to analyst estimates of $198.82 million. During the same period in the previous year, the firm earned $0.29 earnings per share. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Haverty Furniture Companies, Inc. will post 1.33 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Tuesday, June 4th will be paid a dividend of $0.18 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.72 annualized dividend and a yield of 3.92%. Haverty Furniture Companies’s payout ratio is 50.70%.
HVT has been the subject of a number of research reports. Zacks Investment Research cut Haverty Furniture Companies from a “hold” rating to a “sell” rating in a research note on Thursday, March 7th. TheStreet raised Haverty Furniture Companies from a “c+” rating to a “b-” rating in a research note on Thursday, February 14th. Finally, ValuEngine cut Haverty Furniture Companies from a “hold” rating to a “sell” rating in a research note on Saturday.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in Haverty Furniture Companies by 0.9% during the 1st quarter. BlackRock Inc. now owns 2,843,186 shares of the company’s stock worth $62,208,000 after purchasing an additional 24,284 shares in the last quarter. Royce & Associates LP boosted its position in shares of Haverty Furniture Companies by 14.3% during the 4th quarter. Royce & Associates LP now owns 1,490,400 shares of the company’s stock worth $27,990,000 after acquiring an additional 186,700 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Haverty Furniture Companies by 2.1% during the 1st quarter. Renaissance Technologies LLC now owns 1,474,900 shares of the company’s stock worth $32,271,000 after acquiring an additional 30,800 shares in the last quarter. Vanguard Group Inc boosted its position in shares of Haverty Furniture Companies by 2.4% during the 3rd quarter. Vanguard Group Inc now owns 1,124,571 shares of the company’s stock worth $24,852,000 after acquiring an additional 26,333 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Haverty Furniture Companies by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,124,571 shares of the company’s stock worth $24,852,000 after acquiring an additional 26,333 shares in the last quarter. 83.58% of the stock is owned by hedge funds and other institutional investors.
About Haverty Furniture Companies
Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and accessories in the United States. The company offers furniture merchandise under the Havertys brand name. It also provides custom upholstery products, as well as mattress product lines under the Sealy, Tempur-Pedic, Serta, Stearns & Foster, and Beautyrest Black names.
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