Haverty Furniture Companies, Inc. (HVT) EVP Richard Dewey Gallagher Sells 5,169 Shares of Stock

Haverty Furniture Companies, Inc. (NYSE:HVT) EVP Richard Dewey Gallagher sold 5,169 shares of the stock in a transaction that occurred on Friday, June 15th. The stock was sold at an average price of $21.73, for a total transaction of $112,322.37. Following the sale, the executive vice president now owns 13,167 shares in the company, valued at approximately $286,118.91. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Haverty Furniture Companies opened at $21.95 on Tuesday, according to MarketBeat. The company has a current ratio of 2.43, a quick ratio of 1.15 and a debt-to-equity ratio of 0.17. The company has a market cap of $458.40 million, a P/E ratio of 17.26 and a beta of 1.00. Haverty Furniture Companies, Inc. has a 1 year low of $17.70 and a 1 year high of $27.23.

Haverty Furniture Companies (NYSE:HVT) last posted its quarterly earnings results on Tuesday, May 1st. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.08. Haverty Furniture Companies had a net margin of 2.61% and a return on equity of 9.29%. The business had revenue of $199.44 million for the quarter, compared to analyst estimates of $202.71 million. During the same quarter last year, the business posted $0.27 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. equities analysts expect that Haverty Furniture Companies, Inc. will post 1.33 EPS for the current year.



Haverty Furniture Companies announced that its Board of Directors has authorized a share repurchase plan on Tuesday, May 8th that authorizes the company to repurchase $10.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 2.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

The business also recently announced a quarterly dividend, which was paid on Friday, June 8th. Shareholders of record on Wednesday, May 23rd were given a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, May 22nd. This represents a $0.72 dividend on an annualized basis and a yield of 3.28%. Haverty Furniture Companies’s dividend payout ratio is currently 57.60%.

Several research firms recently issued reports on HVT. Zacks Investment Research upgraded shares of Haverty Furniture Companies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 6th. TheStreet lowered shares of Haverty Furniture Companies from a “b” rating to a “c+” rating in a research report on Tuesday, February 20th. Finally, ValuEngine lowered shares of Haverty Furniture Companies from a “hold” rating to a “sell” rating in a research report on Thursday, April 19th.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its position in Haverty Furniture Companies by 4.2% in the fourth quarter. BlackRock Inc. now owns 2,811,047 shares of the company’s stock valued at $63,670,000 after buying an additional 112,996 shares in the last quarter. Royce & Associates LP raised its stake in shares of Haverty Furniture Companies by 2.1% during the fourth quarter. Royce & Associates LP now owns 994,300 shares of the company’s stock valued at $22,521,000 after acquiring an additional 20,400 shares during the last quarter. Northern Trust Corp raised its stake in shares of Haverty Furniture Companies by 0.5% during the first quarter. Northern Trust Corp now owns 669,849 shares of the company’s stock valued at $13,497,000 after acquiring an additional 3,341 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Haverty Furniture Companies by 4.9% during the fourth quarter. Bank of New York Mellon Corp now owns 359,552 shares of the company’s stock valued at $8,145,000 after acquiring an additional 16,829 shares during the last quarter. Finally, Foresters Investment Management Company Inc. raised its stake in shares of Haverty Furniture Companies by 2.0% during the first quarter. Foresters Investment Management Company Inc. now owns 209,000 shares of the company’s stock valued at $4,211,000 after acquiring an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

About Haverty Furniture Companies

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, as well as mattress product lines under the Sealy, Tempur-Pedic, Serta, Stearns & Foster, and Beautyrest Black names.

Insider Buying and Selling by Quarter for Haverty Furniture Companies (NYSE:HVT)

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