Insider Selling: Haverty Furniture Companies (NYSE:HVT) Director Sells $58,041.90 in Stock

Haverty Furniture Companies, Inc. (NYSE:HVT) Director Rawson Haverty, Jr. sold 2,331 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $24.90, for a total transaction of $58,041.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Haverty Furniture Companies Stock Performance

Haverty Furniture Companies stock opened at $24.70 on Monday. Haverty Furniture Companies, Inc. has a 1 year low of $17.01 and a 1 year high of $25.20. The firm’s 50-day moving average is $22.21 and its 200-day moving average is $21.85. The company has a market cap of $401.84 million, a P/E ratio of 21.67, a PEG ratio of 1.77 and a beta of 1.27.

Haverty Furniture Companies (NYSE:HVT) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.04. Haverty Furniture Companies had a net margin of 2.62% and a return on equity of 6.34%. The firm had revenue of $194.48 million for the quarter, compared to analyst estimates of $183.12 million. As a group, sell-side analysts predict that Haverty Furniture Companies, Inc. will post 0.88 earnings per share for the current year.

Haverty Furniture Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Tuesday, November 25th were issued a $0.33 dividend. This is a positive change from Haverty Furniture Companies’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a $1.32 annualized dividend and a dividend yield of 5.3%. Haverty Furniture Companies’s dividend payout ratio (DPR) is 115.79%.

Analysts Set New Price Targets

A number of research analysts recently commented on HVT shares. Wall Street Zen upgraded Haverty Furniture Companies from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 9th. Zacks Research upgraded shares of Haverty Furniture Companies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Haverty Furniture Companies in a report on Monday, December 8th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, Haverty Furniture Companies presently has an average rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HVT. PNC Financial Services Group Inc. increased its holdings in shares of Haverty Furniture Companies by 1,929.3% during the first quarter. PNC Financial Services Group Inc. now owns 1,522 shares of the company’s stock valued at $30,000 after purchasing an additional 1,447 shares during the period. Charles Schwab Investment Management Inc. grew its position in Haverty Furniture Companies by 6.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 180,417 shares of the company’s stock valued at $3,558,000 after buying an additional 10,944 shares in the last quarter. Nuveen LLC acquired a new position in Haverty Furniture Companies during the 1st quarter valued at about $936,000. Russell Investments Group Ltd. raised its position in shares of Haverty Furniture Companies by 3.6% during the 1st quarter. Russell Investments Group Ltd. now owns 108,072 shares of the company’s stock worth $2,131,000 after buying an additional 3,803 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Haverty Furniture Companies by 6.9% during the 1st quarter. American Century Companies Inc. now owns 432,216 shares of the company’s stock worth $8,523,000 after buying an additional 27,898 shares in the last quarter. Institutional investors own 80.57% of the company’s stock.

Haverty Furniture Companies Company Profile

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and accessories in the United States. The company offers furniture merchandise under the Havertys brand name. It also provides custom upholstery products and eclectic looks; and mattress product lines under the Tempur-Pedic, Serta, Sealy, and Stearns and Foster names.