Insider Buying: Stanley Furniture Director Purchases 3,092 Shares of Stock (STLY)
Stanley Furniture (NASDAQ:STLY) Director Michael P. Haley bought 3,092 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was purchased at an average cost of $3.23 per share, for a total transaction of $9,987.16. Following the acquisition, the director now directly owns 44,694 shares in the company, valued at approximately $144,362. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
STLY has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Stanley Furniture from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday. They now have a $2.90 price target on the stock. Separately, analysts at Thomson Reuters/Verus upgraded shares of Stanley Furniture from a “sell” rating to a “hold” rating in a research note to investors on Tuesday, December 24th. Finally, analysts at Thomson Reuters/Verus downgraded shares of Stanley Furniture from a “hold” rating to a “sell” rating in a research note to investors on Monday, December 16th.
Shares of Stanley Furniture (NASDAQ:STLY) traded up 1.13% during mid-day trading on Friday, hitting $3.145. 9,932 shares of the company’s stock traded hands. Stanley Furniture has a 1-year low of $3.04 and a 1-year high of $4.85. The stock’s 50-day moving average is $3.72 and its 200-day moving average is $3.66. The company’s market cap is $45.6 million.
Stanley Furniture (NASDAQ:STLY) last posted its quarterly earnings results on Monday, February 3rd. The company reported ($0.21) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.14) by $0.07. On average, analysts predict that Stanley Furniture will post $-0.74 earnings per share for the current fiscal year.
Stanley Furniture Company, Inc is a designer and manufacturer of residential wood furniture. The Company’s product offerings include dining room, bedroom, home office, home entertainment, accent tables and Young America, its infant-to-teen furniture.
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