Haverty Furniture Companies, Inc. (NYSE:HVT) Director Sells $135,552.24 in Stock

Haverty Furniture Companies, Inc. (NYSE:HVT – Get Rating) Director Mylle H. Mangum sold 5,158 shares of the stock in a transaction on Friday, May 19th. The shares were sold at an average price of $26.28, for a total value of $135,552.24. Following the sale, the director now directly owns 3,519 shares in the company, valued at approximately $92,479.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Haverty Furniture Companies Price Performance

NYSE HVT opened at $26.34 on Monday. Haverty Furniture Companies, Inc. has a 1-year low of $22.77 and a 1-year high of $38.85. The business’s 50-day simple moving average is $29.90 and its 200-day simple moving average is $31.89. The firm has a market capitalization of $425.39 million, a P/E ratio of 5.42 and a beta of 1.37.

Haverty Furniture Companies (NYSE:HVT – Get Rating) last released its quarterly earnings results on Tuesday, February 21st. The company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.03). The firm had revenue of $280.56 million for the quarter, compared to analysts’ expectations of $272.60 million. Haverty Furniture Companies had a return on equity of 29.00% and a net margin of 7.97%. On average, equities research analysts expect that Haverty Furniture Companies, Inc. will post 3.9 EPS for the current fiscal year.

Haverty Furniture Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 27th. Shareholders of record on Friday, March 10th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend was Thursday, March 9th. Haverty Furniture Companies’s dividend payout ratio is currently 23.05%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Haverty Furniture Companies in a report on Thursday. They set a “buy” rating for the company.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HVT. Quarry LP raised its stake in Haverty Furniture Companies by 108.4% during the 1st quarter. Quarry LP now owns 794 shares of the company’s stock valued at $25,000 after acquiring an additional 413 shares in the last quarter. Advisor Group Holdings Inc. raised its stake in shares of Haverty Furniture Companies by 75.2% during the fourth quarter. Advisor Group Holdings Inc. now owns 1,142 shares of the company’s stock valued at $34,000 after purchasing an additional 490 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Haverty Furniture Companies in the fourth quarter worth about $52,000. Mutual of America Capital Management LLC grew its position in Haverty Furniture Companies by 14.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 2,666 shares of the company’s stock valued at $66,000 after buying an additional 335 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Haverty Furniture Companies by 84.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,539 shares of the company’s stock valued at $76,000 after buying an additional 1,159 shares during the period. Institutional investors own 87.17% of the company’s stock.

Haverty Furniture Companies Company Profile

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Haverty Furniture Cos., Inc engages in the retail of residential furniture and accessories. The company was founded by James Joseph Haverty in 1885 and is headquartered in Atlanta, GA.