Shares of Haverty Furniture Companies, Inc. (NYSE:HVT – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $23.63 and traded as high as $25.93. Haverty Furniture Companies shares last traded at $25.6180, with a volume of 401,221 shares.
Analyst Ratings Changes
HVT has been the subject of a number of recent research reports. Zacks Research cut shares of Haverty Furniture Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 26th. Weiss Ratings lowered shares of Haverty Furniture Companies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen cut shares of Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.
Get Our Latest Stock Report on HVT
Haverty Furniture Companies Stock Up 1.9%
Haverty Furniture Companies (NYSE:HVT – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. The firm had revenue of $189.05 million for the quarter, compared to analyst estimates of $191.99 million. Haverty Furniture Companies had a net margin of 2.64% and a return on equity of 6.60%. As a group, analysts forecast that Haverty Furniture Companies, Inc. will post 1.62 EPS for the current fiscal year.
Haverty Furniture Companies Dividend Announcement
The business 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 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Monday, June 1st. Haverty Furniture Companies’s dividend payout ratio is 110.00%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in Haverty Furniture Companies during the 2nd quarter worth $31,000. CANADA LIFE ASSURANCE Co increased its stake in shares of Haverty Furniture Companies by 57.0% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,721 shares of the company’s stock valued at $40,000 after buying an additional 625 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Haverty Furniture Companies in the 4th quarter valued at $45,000. Fifth Third Bancorp bought a new stake in shares of Haverty Furniture Companies during the first quarter worth $49,000. Finally, State of Wyoming bought a new stake in shares of Haverty Furniture Companies during the second quarter worth $58,000. Institutional investors own 80.57% of the company’s stock.
About Haverty Furniture Companies
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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