Haverty Furniture Companies (NYSE:HVT) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Haverty Furniture Companies, Inc. (NYSE:HVTGet Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $23.59 and traded as high as $24.73. Haverty Furniture Companies shares last traded at $24.3570, with a volume of 185,587 shares.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HVT. Weiss Ratings lowered Haverty Furniture Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Wall Street Zen downgraded Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Zacks Research cut Haverty Furniture Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce”.

Check Out Our Latest Research Report on Haverty Furniture Companies

Haverty Furniture Companies Stock Performance

The business’s 50-day moving average is $22.57 and its two-hundred day moving average is $23.59. The stock has a market capitalization of $391.90 million, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.26 and a beta of 1.20.

Haverty Furniture Companies (NYSE:HVTGet Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. Haverty Furniture Companies had a net margin of 2.64% and a return on equity of 6.60%. The company had revenue of $189.05 million for the quarter, compared to analysts’ expectations of $191.99 million. Equities analysts forecast that Haverty Furniture Companies, Inc. will post 1.62 EPS for the current year.

Haverty Furniture Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Monday, June 1st were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Monday, June 1st. Haverty Furniture Companies’s payout ratio is 110.00%.

Institutional Investors Weigh In On Haverty Furniture Companies

A number of hedge funds have recently added to or reduced their stakes in HVT. Hodges Capital Management Inc. purchased a new stake in Haverty Furniture Companies in the 4th quarter valued at approximately $4,948,000. Tectonic Advisors LLC purchased a new position in shares of Haverty Furniture Companies during the 4th quarter worth approximately $1,990,000. Jane Street Group LLC lifted its holdings in shares of Haverty Furniture Companies by 68.7% in the 1st quarter. Jane Street Group LLC now owns 172,099 shares of the company’s stock valued at $3,394,000 after buying an additional 70,060 shares during the period. Sei Investments Co. lifted its holdings in shares of Haverty Furniture Companies by 65.5% in the 1st quarter. Sei Investments Co. now owns 164,994 shares of the company’s stock valued at $3,495,000 after buying an additional 65,292 shares during the period. Finally, Man Group plc purchased a new stake in shares of Haverty Furniture Companies in the third quarter valued at approximately $1,425,000. Institutional investors and hedge funds own 80.57% of the company’s stock.

Haverty Furniture Companies Company Profile

(Get Free Report)

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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