Haverty Furniture Cos. EVP Richard Dewey Gallagher Sells 1,931 Shares (HVT)
Haverty Furniture Cos. (NYSE:HVT) EVP Richard Dewey Gallagher sold 1,931 shares of the company’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $25.36, for a total value of $48,970.16. Following the completion of the sale, the executive vice president now directly owns 26,097 shares in the company, valued at approximately $661,820. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on HVT. Analysts at Zacks upgraded shares of Haverty Furniture Cos. from an “underperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $26.00 price target on the stock. Separately, analysts at Barrington Research initiated coverage on shares of Haverty Furniture Cos. in a research note on Monday, June 2nd. They set an “outperform” rating and a $30.00 price target on the stock. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Haverty Furniture Cos. currently has an average rating of “Buy” and a consensus price target of $29.00.
Haverty Furniture Cos. (NYSE:HVT) traded down 0.75% during mid-day trading on Tuesday, hitting $25.13. The stock had a trading volume of 203,246 shares. Haverty Furniture Cos. has a 1-year low of $21.09 and a 1-year high of $31.67. The stock’s 50-day moving average is $25.18 and its 200-day moving average is $27.81. The company has a market cap of $565.8 million and a P/E ratio of 19.18.
Haverty Furniture Cos. (NYSE:HVT) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters 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. The company’s quarterly revenue was down 2.3% on a year-over-year basis. On average, analysts predict that Haverty Furniture Cos. will post $1.37 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Friday, May 23rd.
Haverty Furniture Companies, Inc (NYSE:HVT) is a specialty retailer of residential furniture and accessories.
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