Haverty Furniture Companies, Inc. (NYSE:HVT – Get Free Report) Chairman Clarence Smith sold 20,991 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $28.16, for a total value of $591,106.56. Following the transaction, the chairman owned 71,705 shares of the company’s stock, valued at approximately $2,019,212.80. The trade was a 22.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Haverty Furniture Companies Stock Down 3.2%
HVT stock opened at $27.37 on Friday. Haverty Furniture Companies, Inc. has a twelve month low of $19.89 and a twelve month high of $29.83. The firm has a market cap of $426.70 million, a price-to-earnings ratio of 20.13, a PEG ratio of 1.45 and a beta of 1.20. The business’s fifty day simple moving average is $25.93 and its two-hundred day simple moving average is $23.99.
Haverty Furniture Companies (NYSE:HVT – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $194.94 million during the quarter, compared to analyst estimates of $189.19 million. Haverty Furniture Companies had a net margin of 2.93% and a return on equity of 7.15%. Research analysts expect that Haverty Furniture Companies, Inc. will post 1.62 EPS for the current year.
Haverty Furniture Companies Announces Dividend
Institutional Trading of Haverty Furniture Companies
Several hedge funds have recently modified their holdings of HVT. Sei Investments Co. grew its stake in shares of Haverty Furniture Companies by 65.5% during the first quarter. Sei Investments Co. now owns 164,994 shares of the company’s stock worth $3,495,000 after acquiring an additional 65,292 shares during the last quarter. Pzena Investment Management LLC acquired a new position in shares of Haverty Furniture Companies in the second quarter valued at about $39,915,000. Hodges Capital Management Inc. purchased a new stake in Haverty Furniture Companies in the fourth quarter valued at approximately $4,948,000. Empowered Funds LLC increased its holdings in Haverty Furniture Companies by 10.7% in the 1st quarter. Empowered Funds LLC now owns 117,502 shares of the company’s stock worth $2,489,000 after buying an additional 11,318 shares during the period. Finally, Lazard Asset Management LLC raised its position in Haverty Furniture Companies by 13.5% during the 1st quarter. Lazard Asset Management LLC now owns 81,536 shares of the company’s stock worth $1,727,000 after buying an additional 9,697 shares during the last quarter. 80.57% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the stock. Weiss Ratings raised shares of Haverty Furniture Companies from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Tuesday. Wall Street Zen raised Haverty Furniture Companies from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Finally, Zacks Research raised Haverty Furniture Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.
Check Out Our Latest Report on Haverty Furniture Companies
Haverty Furniture Companies Company Profile
Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and home décor in the United States. Founded in 1885 by J.J. Haverty and headquartered in Atlanta, Georgia, the company offers a broad assortment of upholstered furniture, case goods, mattresses, area rugs and decorative accessories. Customers can shop through a network of company-owned showrooms as well as an e-commerce platform, supported by in-house design services, delivery options and consumer financing programs.
Over more than a century of operation, Havertys has expanded its presence primarily across the Southeast and select markets beyond.
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