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Haverty Furniture Companies (NYSE:HVT.A) Stock Price Crosses Below 50 Day Moving Average - What's Next?

Haverty Furniture Companies logo with Retail/Wholesale background

Key Points

  • Haverty Furniture Companies' stock fell below its 50-day moving average of $21.41, trading at $21.19 with a decline of 5.0%.
  • The company's quarterly earnings report revealed an earnings per share (EPS) of $0.16 and revenue of $181.02 million.
  • Haverty announced a quarterly dividend of $0.30 per share, representing a 5.7% dividend yield, although it has a high payout ratio of 104.35%.
  • Looking to export and analyze Haverty Furniture Companies data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Shares of Haverty Furniture Companies, Inc. (NYSE:HVT.A - Get Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $21.41 and traded as low as $21.19. Haverty Furniture Companies shares last traded at $21.19, with a volume of 23 shares.

Haverty Furniture Companies Stock Down 5.0%

The stock has a market capitalization of $344.76 million, a P/E ratio of 18.43 and a beta of 1.24. The firm has a 50-day moving average of $21.41 and a 200 day moving average of $20.59.

Haverty Furniture Companies (NYSE:HVT.A - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $181.02 million for the quarter.

Haverty Furniture Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 25th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, August 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.7%. Haverty Furniture Companies's dividend payout ratio (DPR) is presently 104.35%.

About Haverty Furniture Companies

(Get Free Report)

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 Sealy, Tempur-Pedic, and Serta names, as well as private label Skye name.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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