Insider Selling: Haverty Furniture Companies Director Sells 1,675 Shares of Stock (HVT)
Haverty Furniture Companies (NYSE:HVT) Director Frank S. Mcgaughey III unloaded 1,675 shares of the stock on the open market in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $24.27, for a total value of $40,652.25. Following the completion of the sale, the director now directly owns 65,985 shares in the company, valued at approximately $1,601,456. 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 0.69% during mid-day trading on Monday, hitting $24.30. The stock had a trading volume of 7,868 shares. Haverty Furniture Companies has a 52 week low of $21.09 and a 52 week high of $31.67. The stock has a 50-day moving average of $24.97 and a 200-day moving average of $27.55. The company has a market cap of $547.1 million and a price-to-earnings ratio of 18.54.
Haverty Furniture Companies (NYSE:HVT) last announced its earnings results 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.
A number of analysts have recently weighed in on HVT shares. Analysts at Zacks upgraded shares of Haverty Furniture Companies from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 10th. 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. The stock currently has a consensus rating of “Buy” and an average target price of $29.00.
Haverty Furniture Companies, Inc (NYSE:HVT) is a specialty retailer of residential furniture and accessories.
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