Haverty Furniture Cos. (HVT) To Go Ex-Dividend on November 21st
Haverty Furniture Cos. (NYSE:HVT) declared a quarterly dividend on Tuesday, November 8th. Stockholders of record on Wednesday, November 23rd will be given a dividend of 1.00 per share on Friday, December 9th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 17.78%. The ex-dividend date of this dividend is Monday, November 21st. This is a positive change from Haverty Furniture Cos.’s previous quarterly dividend of $0.12.
Haverty Furniture Cos. (NYSE:HVT) opened at 22.50 on Friday. Haverty Furniture Cos. has a 52-week low of $16.57 and a 52-week high of $24.54. The firm has a market cap of $474.84 million, a price-to-earnings ratio of 18.67 and a beta of 0.74. The stock has a 50 day moving average of $19.07 and a 200-day moving average of $18.97.
Haverty Furniture Cos. (NYSE:HVT) last announced its earnings results on Monday, October 31st. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.01. The firm earned $211.70 million during the quarter, compared to analyst estimates of $211.70 million. Haverty Furniture Cos. had a net margin of 3.26% and a return on equity of 8.95%. Haverty Furniture Cos.’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 EPS. On average, analysts expect that Haverty Furniture Cos. will post $1.23 EPS for the current year.
Institutional investors have recently bought and sold shares of the stock. Teachers Advisors LLC raised its position in Haverty Furniture Cos. by 3.7% in the third quarter. Teachers Advisors LLC now owns 49,612 shares of the company’s stock valued at $994,000 after buying an additional 1,766 shares during the period. Arizona State Retirement System raised its position in Haverty Furniture Cos. by 1.9% in the second quarter. Arizona State Retirement System now owns 10,475 shares of the company’s stock valued at $189,000 after buying an additional 200 shares during the period. Citadel Advisors LLC acquired a new position in Haverty Furniture Cos. during the second quarter valued at $379,000. State Street Corp raised its position in Haverty Furniture Cos. by 2.2% in the second quarter. State Street Corp now owns 434,427 shares of the company’s stock valued at $7,833,000 after buying an additional 9,415 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in Haverty Furniture Cos. by 0.3% in the second quarter. Thrivent Financial for Lutherans now owns 182,087 shares of the company’s stock valued at $3,283,000 after buying an additional 560 shares during the period. Institutional investors own 71.91% of the company’s stock.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Haverty Furniture Cos. from a “hold” rating to a “sell” rating in a research report on Tuesday, October 11th. Raymond James Financial Inc. lowered shares of Haverty Furniture Cos. from a “strong-buy” rating to a “market perform” rating in a research report on Monday, October 10th.
About Haverty Furniture Cos.
Haverty Furniture Companies, Inc is a specialty retailer of residential furniture and accessories. The Company sells home furnishings in its retail stores and through its Website havertys.com. The Company has over 120 stores in approximately 20 states in the southern and Midwest regions with over 4.4 million square feet retail store space.
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