Key Points
- Director Rawson Haverty, Jr. sold 7,500 shares of Haverty Furniture (NYSE:HVT) on Dec. 12 at an average price of $24.86, generating proceeds of $186,450 as disclosed in an SEC Form 4.
- Haverty raised its quarterly dividend to $0.33 (annualized $1.32), yielding about 5.3%; the dividend was paid Dec. 11 to holders of record on Nov. 25 and the payout ratio is roughly 115.8%.
- Recent quarter beat expectations: on Oct. 29 Haverty reported EPS of $0.28 vs. $0.24 expected and revenue of $194.5M vs. $183.1M, with a market cap near $402M and the stock trading around $24.70 (one‑year range $17.01–$25.20).
Haverty Furniture Companies, Inc. (NYSE:HVT - Get Free Report) Director Rawson Haverty, Jr. sold 2,331 shares of the business's stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $24.90, for a total value of $58,041.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Haverty Furniture Companies Stock Performance
HVT stock opened at $24.70 on Friday. Haverty Furniture Companies, Inc. has a 52 week low of $17.01 and a 52 week high of $25.20. The company's 50-day simple moving average is $22.21 and its 200 day simple moving average is $21.84. The company has a market capitalization of $401.84 million, a PE ratio of 21.67, a price-to-earnings-growth ratio of 1.79 and a beta of 1.27.
Haverty Furniture Companies (NYSE:HVT - Get Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.04. The business had revenue of $194.48 million during the quarter, compared to analysts' expectations of $183.12 million. Haverty Furniture Companies had a return on equity of 6.34% and a net margin of 2.62%. On average, analysts forecast that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current year.
Haverty Furniture Companies Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Tuesday, November 25th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.3%. The ex-dividend date was Tuesday, November 25th. This is a boost from Haverty Furniture Companies's previous quarterly dividend of $0.32. Haverty Furniture Companies's dividend payout ratio is presently 115.79%.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the stock. Wall Street Zen raised shares of Haverty Furniture Companies from a "buy" rating to a "strong-buy" rating in a research note on Sunday, November 9th. Weiss Ratings reissued a "hold (c)" rating on shares of Haverty Furniture Companies in a report on Monday. Finally, Zacks Research upgraded Haverty Furniture Companies from a "strong sell" rating to a "hold" rating in a research report on Tuesday, November 25th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, Haverty Furniture Companies presently has an average rating of "Hold".
View Our Latest Research Report on Haverty Furniture Companies
Hedge Funds Weigh In On Haverty Furniture Companies
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Qube Research & Technologies Ltd grew its holdings in shares of Haverty Furniture Companies by 19.1% during the third quarter. Qube Research & Technologies Ltd now owns 131,675 shares of the company's stock worth $2,888,000 after purchasing an additional 21,119 shares during the last quarter. Aquatic Capital Management LLC grew its holdings in Haverty Furniture Companies by 109.6% during the 3rd quarter. Aquatic Capital Management LLC now owns 11,740 shares of the company's stock worth $257,000 after acquiring an additional 6,140 shares during the last quarter. Lazard Asset Management LLC increased its position in Haverty Furniture Companies by 8.2% in the 3rd quarter. Lazard Asset Management LLC now owns 66,984 shares of the company's stock valued at $1,469,000 after acquiring an additional 5,092 shares during the period. Man Group plc bought a new position in shares of Haverty Furniture Companies during the third quarter valued at $1,425,000. Finally, Bridgeway Capital Management LLC raised its stake in shares of Haverty Furniture Companies by 7.4% during the third quarter. Bridgeway Capital Management LLC now owns 188,396 shares of the company's stock valued at $4,132,000 after acquiring an additional 12,994 shares during the last quarter. Institutional investors and hedge funds own 80.57% of the company's stock.
About Haverty Furniture Companies
(
Get Free Report)
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 and eclectic looks; and mattress product lines under the Tempur-Pedic, Serta, Sealy, and Stearns and Foster names.
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