Haverty Furniture Companies, Inc. (NYSE:HVT) Director Fred L. Schuermann sold 1,950 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $23.15, for a total value of $45,142.50. Following the sale, the director now owns 3 shares in the company, valued at $69.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Haverty Furniture Companies, Inc. (NYSE HVT) traded up $0.15 during mid-day trading on Friday, hitting $23.80. 48,200 shares of the company traded hands, compared to its average volume of 77,912. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.16 and a current ratio of 2.17. The company has a market capitalization of $507.80, a PE ratio of 17.37, a price-to-earnings-growth ratio of 4.43 and a beta of 1.11. Haverty Furniture Companies, Inc. has a one year low of $20.90 and a one year high of $27.23.
Haverty Furniture Companies (NYSE:HVT) last issued its earnings results on Tuesday, October 31st. The company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The business had revenue of $207.60 million during the quarter, compared to analyst estimates of $215.32 million. Haverty Furniture Companies had a return on equity of 10.10% and a net margin of 3.53%. Haverty Furniture Companies’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 earnings per share. equities analysts anticipate that Haverty Furniture Companies, Inc. will post 1.19 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Tuesday, November 21st. Haverty Furniture Companies’s dividend payout ratio is currently 45.80%.
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Separately, Zacks Investment Research cut shares of Haverty Furniture Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th.
Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in Haverty Furniture Companies in the second quarter worth approximately $103,000. Russell Investments Group Ltd. boosted its stake in shares of Haverty Furniture Companies by 569.9% during the first quarter. Russell Investments Group Ltd. now owns 5,600 shares of the company’s stock valued at $136,000 after purchasing an additional 4,764 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Haverty Furniture Companies by 53.6% during the second quarter. BNP Paribas Arbitrage SA now owns 7,165 shares of the company’s stock valued at $180,000 after purchasing an additional 2,501 shares during the period. Stephens Inc. AR purchased a new stake in shares of Haverty Furniture Companies during the second quarter valued at approximately $213,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Haverty Furniture Companies during the second quarter valued at approximately $288,000. 79.21% of the stock is owned by institutional investors and hedge funds.
Haverty Furniture Companies Company Profile
Haverty Furniture Companies, Inc is a retailer of residential furniture and accessories. The Company sells home furnishings in its retail stores and through its Website, havertys.com. As of December 31, 2016, the Company had 124 stores in 16 states in the Southern and Midwest regions. As of December 31, 2016, the Company’s retail store space totaled approximately 4.5 million square feet for 124 stores.
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