Insider Buying: Haverty Furniture Companies, Inc. (HVT) Director Acquires 3,000 Shares of Stock

Haverty Furniture Companies, Inc. (NYSE:HVT) Director G. Thomas Hough acquired 3,000 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were bought at an average cost of $17.91 per share, with a total value of $53,730.00. Following the purchase, the director now owns 4,748 shares of the company’s stock, valued at approximately $85,036.68. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

NYSE:HVT opened at $18.36 on Wednesday. The company has a market cap of $363.47 million, a PE ratio of 12.93 and a beta of 0.84. Haverty Furniture Companies, Inc. has a fifty-two week low of $17.52 and a fifty-two week high of $25.09.

Haverty Furniture Companies (NYSE:HVT) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). The company had revenue of $187.24 million for the quarter, compared to analysts’ expectations of $198.82 million. Haverty Furniture Companies had a net margin of 3.43% and a return on equity of 9.68%. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period last year, the company posted $0.29 EPS. As a group, sell-side analysts forecast that Haverty Furniture Companies, Inc. will post 1.33 EPS for the current year.



The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Tuesday, June 4th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Monday, June 3rd. Haverty Furniture Companies’s payout ratio is 50.70%.

A number of hedge funds have recently made changes to their positions in the stock. James Investment Research Inc. lifted its stake in Haverty Furniture Companies by 3.1% in the first quarter. James Investment Research Inc. now owns 19,375 shares of the company’s stock worth $424,000 after acquiring an additional 590 shares during the period. Somerset Trust Co lifted its stake in Haverty Furniture Companies by 152.8% in the first quarter. Somerset Trust Co now owns 1,279 shares of the company’s stock worth $28,000 after acquiring an additional 773 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its stake in Haverty Furniture Companies by 3.7% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 22,260 shares of the company’s stock worth $487,000 after acquiring an additional 800 shares during the period. Swiss National Bank lifted its stake in Haverty Furniture Companies by 3.5% in the first quarter. Swiss National Bank now owns 32,800 shares of the company’s stock worth $718,000 after acquiring an additional 1,100 shares during the period. Finally, Arizona State Retirement System lifted its stake in Haverty Furniture Companies by 4.9% in the fourth quarter. Arizona State Retirement System now owns 29,224 shares of the company’s stock worth $549,000 after acquiring an additional 1,369 shares during the period. 83.58% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on HVT shares. TheStreet raised Haverty Furniture Companies from a “c+” rating to a “b-” rating in a research note on Thursday, February 14th. Zacks Investment Research raised Haverty Furniture Companies from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Friday, May 3rd. Finally, ValuEngine lowered Haverty Furniture Companies from a “hold” rating to a “sell” rating in a research note on Saturday.

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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, as well as mattress product lines under the Sealy, Tempur-Pedic, Serta, Stearns & Foster, and Beautyrest Black names.

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Insider Buying and Selling by Quarter for Haverty Furniture Companies (NYSE:HVT)

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