Rawson Haverty, Jr. Sells 1,500 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT) Stock

Haverty Furniture Companies, Inc. (NYSE:HVT - Get Free Report) Director Rawson Haverty, Jr. sold 1,500 shares of Haverty Furniture Companies stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $20.67, for a total transaction of $31,005.00. Following the completion of the transaction, the director now owns 38,023 shares in the company, valued at approximately $785,935.41. This trade represents a 3.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Haverty Furniture Companies Stock Performance

Shares of Haverty Furniture Companies stock traded down $0.31 during trading on Friday, hitting $19.66. 45,501 shares of the stock traded hands, compared to its average volume of 196,412. The stock has a market cap of $317.57 million, a P/E ratio of 12.36, a PEG ratio of 1.15 and a beta of 1.38. The company has a fifty day moving average price of $19.37 and a two-hundred day moving average price of $21.10. Haverty Furniture Companies, Inc. has a twelve month low of $17.01 and a twelve month high of $29.85.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.09. The firm had revenue of $181.60 million for the quarter, compared to analyst estimates of $178.36 million. Haverty Furniture Companies had a net margin of 3.57% and a return on equity of 8.69%. On average, equities research analysts expect that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current fiscal year.

Haverty Furniture Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Monday, June 2nd will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 6.51%. The ex-dividend date of this dividend is Monday, June 2nd. Haverty Furniture Companies's payout ratio is presently 101.59%.

Institutional Investors Weigh In On Haverty Furniture Companies

A number of large investors have recently bought and sold shares of HVT. Pzena Investment Management LLC lifted its position in shares of Haverty Furniture Companies by 0.4% in the first quarter. Pzena Investment Management LLC now owns 966,081 shares of the company's stock worth $19,051,000 after buying an additional 3,979 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Haverty Furniture Companies by 6.9% in the 1st quarter. American Century Companies Inc. now owns 432,216 shares of the company's stock valued at $8,523,000 after acquiring an additional 27,898 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Haverty Furniture Companies by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 326,221 shares of the company's stock worth $7,263,000 after purchasing an additional 5,107 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Haverty Furniture Companies by 35.2% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 301,683 shares of the company's stock valued at $6,715,000 after purchasing an additional 78,553 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Haverty Furniture Companies by 20.5% during the 4th quarter. Bank of New York Mellon Corp now owns 208,835 shares of the company's stock worth $4,649,000 after acquiring an additional 35,511 shares during the last quarter. 80.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HVT. Sidoti upgraded Haverty Furniture Companies to a "hold" rating in a report on Tuesday, April 29th. Wall Street Zen upgraded shares of Haverty Furniture Companies from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th.

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.