Haverty Furniture Companies, Inc. (NYSE:HVT) announced its quarterly earnings data on Monday, July 31st. The company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.10, Briefing.com reports. The company had revenue of $196.80 million for the quarter, compared to analysts’ expectations of $199.03 million. Haverty Furniture Companies had a return on equity of 10.58% and a net margin of 3.67%. Haverty Furniture Companies’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $0.24 EPS.
Haverty Furniture Companies (HVT) traded down 0.63% during trading on Friday, reaching $23.75. The company had a trading volume of 63,299 shares. The firm’s 50 day moving average is $23.43 and its 200 day moving average is $23.68. Haverty Furniture Companies has a one year low of $16.57 and a one year high of $26.30. The company has a market capitalization of $503.93 million, a PE ratio of 16.76 and a beta of 1.11.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Wednesday, August 23rd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.53%. This is a positive change from Haverty Furniture Companies’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, August 21st. Haverty Furniture Companies’s dividend payout ratio (DPR) is presently 33.80%.
A number of equities analysts recently weighed in on HVT shares. Zacks Investment Research cut Haverty Furniture Companies from a “buy” rating to a “hold” rating in a report on Monday, June 19th. ValuEngine raised Haverty Furniture Companies from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Haverty Furniture Companies currently has an average rating of “Hold” and a consensus price target of $28.00.
In other news, insider Rawson Haverty, Jr. sold 1,964 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $23.52, for a total transaction of $46,193.28. Following the sale, the insider now directly owns 400 shares in the company, valued at approximately $9,408. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven G. Burdette sold 4,800 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $23.50, for a total value of $112,800.00. Following the sale, the insider now owns 3,657 shares in the company, valued at $85,939.50. The disclosure for this sale can be found here. 10.31% of the stock is owned by company insiders.
About Haverty Furniture Companies
Haverty Furniture Companies, Inc is a retailer of residential furniture and accessories. The Company sells home furnishings in its retail stores and through its Website, havertys.com. As of December 31, 2016, the Company had 124 stores in 16 states in the Southern and Midwest regions. As of December 31, 2016, the Company’s retail store space totaled approximately 4.5 million square feet for 124 stores.
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