Haverty Furniture Companies, Inc. (NYSE:HVT) VP J Edward Clary Sells 16,514 Shares of Stock

Haverty Furniture Companies, Inc. (NYSE:HVT) VP J Edward Clary sold 16,514 shares of Haverty Furniture Companies stock in a transaction on Monday, May 3rd. The shares were sold at an average price of $48.00, for a total value of $792,672.00. Following the sale, the vice president now directly owns 42,160 shares of the company’s stock, valued at $2,023,680. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

J Edward Clary also recently made the following trade(s):

  • On Friday, April 30th, J Edward Clary sold 2,486 shares of Haverty Furniture Companies stock. The shares were sold at an average price of $48.00, for a total value of $119,328.00.

Shares of HVT stock opened at $47.91 on Tuesday. Haverty Furniture Companies, Inc. has a 1-year low of $12.01 and a 1-year high of $48.91. The stock’s fifty day moving average price is $39.56 and its 200 day moving average price is $32.54. The company has a market cap of $872.54 million, a price-to-earnings ratio of 22.92 and a beta of 1.66.

Haverty Furniture Companies (NYSE:HVT) last announced its earnings results on Monday, April 26th. The company reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.63. Haverty Furniture Companies had a return on equity of 6.19% and a net margin of 5.52%. Sell-side analysts predict that Haverty Furniture Companies, Inc. will post 1.42 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 25th. Stockholders of record on Friday, March 12th were issued a $0.22 dividend. The ex-dividend date of this dividend was Thursday, March 11th. This represents a $0.88 annualized dividend and a dividend yield of 1.84%. Haverty Furniture Companies’s dividend payout ratio (DPR) is presently 75.21%.

Separately, Zacks Investment Research downgraded Haverty Furniture Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 20th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HVT. Thompson Siegel & Walmsley LLC acquired a new position in Haverty Furniture Companies in the 4th quarter worth about $26,000. Dorsey Wright & Associates increased its stake in Haverty Furniture Companies by 134.5% during the 1st quarter. Dorsey Wright & Associates now owns 1,182 shares of the company’s stock worth $44,000 after buying an additional 678 shares in the last quarter. Vantage Consulting Group Inc purchased a new stake in Haverty Furniture Companies during the 4th quarter worth approximately $70,000. Citigroup Inc. increased its stake in Haverty Furniture Companies by 256.6% during the 4th quarter. Citigroup Inc. now owns 4,212 shares of the company’s stock worth $117,000 after buying an additional 3,031 shares in the last quarter. Finally, IFP Advisors Inc grew its position in shares of Haverty Furniture Companies by 606.4% in the first quarter. IFP Advisors Inc now owns 4,832 shares of the company’s stock valued at $180,000 after purchasing an additional 4,148 shares in the last quarter. 81.86% 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 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.

Further Reading: Compound Annual Growth Rate (CAGR)

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