Haverty Furniture Companies, Inc. (NYSE:HVT) major shareholder Pine Hill Associates, Llc sold 7,921 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $23.79, for a total value of $188,440.59. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Haverty Furniture Companies, Inc. (HVT) traded up $0.85 during midday trading on Friday, reaching $23.60. The company had a trading volume of 267,086 shares, compared to its average volume of 91,138. The company has a market capitalization of $482.73, a P/E ratio of 16.73, a PEG ratio of 4.27 and a beta of 1.13. The company has a quick ratio of 1.16, a current ratio of 2.17 and a debt-to-equity ratio of 0.18. Haverty Furniture Companies, Inc. has a fifty-two week low of $21.05 and a fifty-two week high of $27.23.

Haverty Furniture Companies (NYSE:HVT) last released its quarterly earnings data on Tuesday, October 31st. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The business had revenue of $207.60 million during the quarter, compared to the consensus estimate of $215.32 million. Haverty Furniture Companies had a return on equity of 10.10% and a net margin of 3.53%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.34 earnings per share. equities research analysts predict that Haverty Furniture Companies, Inc. will post 1.19 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Wednesday, November 22nd were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $0.60 dividend on an annualized basis and a yield of 2.54%. Haverty Furniture Companies’s dividend payout ratio is presently 44.12%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC bought a new stake in Haverty Furniture Companies in the second quarter valued at about $886,000. Victory Capital Management Inc. increased its holdings in Haverty Furniture Companies by 230.4% in the third quarter. Victory Capital Management Inc. now owns 69,379 shares of the company’s stock valued at $1,814,000 after purchasing an additional 48,379 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Haverty Furniture Companies in the third quarter worth about $290,000. Chicago Equity Partners LLC bought a new stake in shares of Haverty Furniture Companies in the third quarter worth about $414,000. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Haverty Furniture Companies by 23.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 108,485 shares of the company’s stock worth $2,723,000 after acquiring an additional 20,882 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Separately, Zacks Investment Research downgraded Haverty Furniture Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 10th.

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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.

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

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