Insider Selling: Haverty Furniture Cos. SVP Sells 9,605 Shares of Stock (HVT)
Haverty Furniture Cos. (NYSE:HVT) SVP Thomas P. Curran sold 9,605 shares of the stock on the open market in a transaction dated Monday, May 12th. The stock was sold at an average price of $25.66, for a total transaction of $246,464.30. Following the sale, the senior vice president now directly owns 2,594 shares of the company’s stock, valued at approximately $66,562. The sale was disclosed in a document filed with the SEC, which is available at this link.
Haverty Furniture Cos. (NYSE:HVT) traded up 2.70% on Monday, hitting $26.26. The stock had a trading volume of 121,418 shares. Haverty Furniture Cos. has a 52 week low of $21.09 and a 52 week high of $31.67. The stock’s 50-day moving average is $26.90 and its 200-day moving average is $28.12. The company has a market cap of $591.2 million and a P/E ratio of 19.37.
Haverty Furniture Cos. (NYSE:HVT) last announced its earnings results on Thursday, May 1st. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.02. The company had revenue of $181.74 million for the quarter, compared to the consensus estimate of $181.40 million. Haverty Furniture Cos.’s revenue was down 2.3% compared to the same quarter last year. On average, analysts predict that Haverty Furniture Cos. will post $1.38 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Haverty Furniture Cos. from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 6th. They now have a $25.10 price target on the stock. Separately, analysts at Raymond James cut their price target on shares of Haverty Furniture Cos. from $33.00 to $30.00 in a research note on Wednesday, April 9th.
Haverty Furniture Companies, Inc (NYSE:HVT) is a specialty retailer of residential furniture and accessories.
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