Haverty Furniture Companies (NYSE:HVT) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of Haverty Furniture Companies, Inc. (NYSE:HVT) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $23.80 and traded as high as $26.18. Haverty Furniture Companies shares last traded at $25.9020, with a volume of 73,244 shares trading hands.

Analysts Set New Price Targets

A number of research firms have recently commented on HVT. 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. Wall Street Zen downgraded shares of Haverty Furniture Companies from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Zacks Research upgraded shares of Haverty Furniture Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Haverty Furniture Companies Price Performance

The firm has a market capitalization of $395.91 million, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 1.34 and a beta of 1.18. The business has a 50 day moving average price of $24.43 and a 200 day moving average price of $23.79.

Haverty Furniture Companies (NYSE:HVT) last announced its earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $189.05 million during the quarter, compared to the consensus estimate of $191.99 million. Haverty Furniture Companies had a return on equity of 6.60% and a net margin of 2.64%. As a group, equities analysts expect that Haverty Furniture Companies, Inc. will post 1.62 EPS for the current year.

Haverty Furniture Companies Announces Dividend

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

Hedge Funds Weigh In On Haverty Furniture Companies

Institutional investors and hedge funds 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 valued at $31,000. CANADA LIFE ASSURANCE Co grew its position in Haverty Furniture Companies by 57.0% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,721 shares of the company’s stock worth $40,000 after purchasing an additional 625 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Haverty Furniture Companies in the 4th quarter worth $45,000. Fifth Third Bancorp bought a new position in shares of Haverty Furniture Companies during the 1st quarter worth about $49,000. Finally, State of Wyoming bought a new position in shares of Haverty Furniture Companies during the 2nd quarter worth about $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.