Haverty Furniture Companies (NYSE:HVT) Shares Pass Above 200 Day Moving Average – What’s Next?

Shares of Haverty Furniture Companies, Inc. (NYSE:HVT) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $23.70 and traded as high as $26.08. Haverty Furniture Companies shares last traded at $25.6170, with a volume of 122,802 shares trading hands.

Analyst Ratings Changes

Several analysts have recently commented on the company. Zacks Research raised Haverty Furniture Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Wall Street Zen cut Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings cut Haverty Furniture Companies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, Haverty Furniture Companies presently has an average rating of “Hold”.

Haverty Furniture Companies Price Performance

The company’s fifty day moving average price is $23.53 and its 200 day moving average price is $23.70. The company has a market cap of $412.18 million, a PE ratio of 21.35, a P/E/G ratio of 1.30 and a beta of 1.18.

Haverty Furniture Companies (NYSE:HVT) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. Haverty Furniture Companies had a net margin of 2.64% and a return on equity of 6.60%. The business had revenue of $189.05 million for the quarter, compared to analysts’ expectations of $191.99 million. On average, analysts forecast that Haverty Furniture Companies, Inc. will post 1.62 EPS for the current year.

Haverty Furniture Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Monday, June 1st were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.32 annualized dividend and a dividend yield of 5.2%. Haverty Furniture Companies’s dividend payout ratio (DPR) is currently 110.00%.

Hedge Funds Weigh In On Haverty Furniture Companies

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE increased its position in shares of Haverty Furniture Companies by 4.8% during the first quarter. Bank of America Corp DE now owns 26,230 shares of the company’s stock valued at $556,000 after acquiring an additional 1,195 shares during the last quarter. Empowered Funds LLC boosted its position in Haverty Furniture Companies by 10.7% in the first quarter. Empowered Funds LLC now owns 117,502 shares of the company’s stock worth $2,489,000 after purchasing an additional 11,318 shares during the last quarter. Quantinno Capital Management LP boosted its position in Haverty Furniture Companies by 32.4% in the first quarter. Quantinno Capital Management LP now owns 28,573 shares of the company’s stock worth $605,000 after purchasing an additional 6,989 shares during the last quarter. Lazard Asset Management LLC grew its stake in Haverty Furniture Companies by 13.5% in the 1st quarter. Lazard Asset Management LLC now owns 81,536 shares of the company’s stock valued at $1,727,000 after purchasing an additional 9,697 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Haverty Furniture Companies by 2.8% during the 1st quarter. Renaissance Technologies LLC now owns 719,830 shares of the company’s stock valued at $15,246,000 after purchasing an additional 19,624 shares during the last quarter. 80.57% of the stock is owned by institutional investors.

Haverty Furniture Companies Company Profile

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and home décor in the United States. Founded in 1885 by J.J. Haverty and headquartered in Atlanta, Georgia, the company offers a broad assortment of upholstered furniture, case goods, mattresses, area rugs and decorative accessories. Customers can shop through a network of company-owned showrooms as well as an e-commerce platform, supported by in-house design services, delivery options and consumer financing programs.

Over more than a century of operation, Havertys has expanded its presence primarily across the Southeast and select markets beyond.