Richard Dewey Gallagher Unloads 1,931 Shares of Haverty Furniture Companies Stock (HVT)
Haverty Furniture Companies (NYSE:HVT) EVP Richard Dewey Gallagher unloaded 1,931 shares of Haverty Furniture Companies stock on the open market 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 sale, the executive vice president now directly owns 26,097 shares in the company, valued at approximately $661,820. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Haverty Furniture Companies (NYSE:HVT) traded down 0.68% on Wednesday, hitting $24.96. 18,969 shares of the company’s stock traded hands. Haverty Furniture Companies has a 1-year low of $21.09 and a 1-year high of $31.67. The stock’s 50-day moving average is $25.1 and its 200-day moving average is $27.77. The company has a market cap of $562.0 million and a price-to-earnings ratio of 19.04.
Haverty Furniture Companies (NYSE:HVT) last released its 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 Companies 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. Investors 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 of this dividend is Friday, May 23rd.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Haverty Furniture Companies 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 Companies in a research note on Monday, June 2nd. They set an “outperform” rating and a $30.00 price target on the stock. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. Haverty Furniture Companies presently has a consensus rating of “Buy” and an average price target of $29.00.
Haverty Furniture Companies, Inc (NYSE:HVT) is a specialty retailer of residential furniture and accessories.
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