Insider Selling: Haverty Furniture Companies, Inc. (HVT) Director Sells $45,142.50 in Stock
Haverty Furniture Companies, Inc. (NYSE:HVT) Director Fred L. Schuermann sold 1,950 shares of Haverty Furniture Companies stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $23.15, for a total transaction of $45,142.50. Following the completion of the transaction, the director now directly owns 3 shares of the company’s stock, valued at $69.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Haverty Furniture Companies, Inc. (HVT) opened at $23.80 on Friday. The company has a current ratio of 2.17, a quick ratio of 1.16 and a debt-to-equity ratio of 0.18. Haverty Furniture Companies, Inc. has a twelve month low of $20.90 and a twelve month high of $27.23. The firm has a market cap of $505.01, a P/E ratio of 17.50, a PEG ratio of 4.46 and a beta of 1.11.
Haverty Furniture Companies (NYSE:HVT) last announced its earnings results on Tuesday, October 31st. The company reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.04. Haverty Furniture Companies had a net margin of 3.53% and a return on equity of 10.10%. The business had revenue of $207.60 million during the quarter, compared to analysts’ expectations of $215.32 million. During the same period in the prior year, the company earned $0.34 earnings per share. The firm’s revenue was down 1.9% on a year-over-year basis. analysts anticipate that Haverty Furniture Companies, Inc. will post 1.19 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.60 dividend on an annualized basis and a yield of 2.52%. Haverty Furniture Companies’s dividend payout ratio is currently 44.12%.
Separately, Zacks Investment Research raised shares of Haverty Furniture Companies from a “sell” rating to a “hold” rating in a report on Thursday, August 10th.
A number of hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC increased its holdings in Haverty Furniture Companies by 2.6% during the second quarter. Renaissance Technologies LLC now owns 1,437,300 shares of the company’s stock valued at $36,076,000 after buying an additional 36,200 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Haverty Furniture Companies by 3.5% in the second quarter. Vanguard Group Inc. now owns 966,372 shares of the company’s stock worth $24,256,000 after purchasing an additional 32,256 shares during the period. State Street Corp boosted its position in shares of Haverty Furniture Companies by 1.8% in the second quarter. State Street Corp now owns 477,841 shares of the company’s stock worth $12,002,000 after purchasing an additional 8,400 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Haverty Furniture Companies by 5.7% in the third quarter. Bank of New York Mellon Corp now owns 342,723 shares of the company’s stock worth $8,962,000 after purchasing an additional 18,505 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Haverty Furniture Companies by 2.5% in the second quarter. Principal Financial Group Inc. now owns 150,454 shares of the company’s stock worth $3,776,000 after purchasing an additional 3,729 shares during the period. 79.21% of the stock is owned by institutional investors and hedge funds.
About Haverty Furniture Companies
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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