Haverty Furniture Companies, Inc. (NYSE:HVT) reached a new 52-week low during trading on Thursday . The stock traded as low as $19.48 and last traded at $19.47, with a volume of 62622 shares trading hands. The stock had previously closed at $19.90.

Several research firms have recently commented on HVT. Zacks Investment Research lowered shares of Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. TheStreet lowered shares of Haverty Furniture Companies from a “b” rating to a “c+” rating in a research report on Tuesday, February 20th.

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The stock has a market cap of $416.46, a PE ratio of 19.69 and a beta of 1.06. The company has a current ratio of 2.35, a quick ratio of 1.20 and a debt-to-equity ratio of 0.17.

Haverty Furniture Companies (NYSE:HVT) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.10. The firm had revenue of $214.96 million during the quarter, compared to analyst estimates of $221.20 million. Haverty Furniture Companies had a net margin of 2.57% and a return on equity of 9.24%. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 EPS. analysts predict that Haverty Furniture Companies, Inc. will post 1.45 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, March 14th will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, March 13th. This is an increase from Haverty Furniture Companies’s previous quarterly dividend of $0.15. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.74%. Haverty Furniture Companies’s payout ratio is 73.47%.

In related news, VP Jenny H. Parker sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $20.50, for a total transaction of $41,000.00. Following the completion of the transaction, the vice president now directly owns 33,354 shares in the company, valued at approximately $683,757. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 10.31% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its stake in shares of Haverty Furniture Companies by 3.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,540 shares of the company’s stock valued at $390,000 after acquiring an additional 581 shares during the period. Strs Ohio grew its stake in shares of Haverty Furniture Companies by 8.4% during the 4th quarter. Strs Ohio now owns 30,900 shares of the company’s stock valued at $699,000 after acquiring an additional 2,400 shares during the period. Two Sigma Advisers LP grew its stake in shares of Haverty Furniture Companies by 2.7% during the 4th quarter. Two Sigma Advisers LP now owns 90,988 shares of the company’s stock valued at $2,061,000 after acquiring an additional 2,400 shares during the period. Municipal Employees Retirement System of Michigan grew its stake in shares of Haverty Furniture Companies by 10.5% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 28,210 shares of the company’s stock valued at $738,000 after acquiring an additional 2,690 shares during the period. Finally, California Public Employees Retirement System grew its stake in shares of Haverty Furniture Companies by 3.3% during the 4th quarter. California Public Employees Retirement System now owns 100,224 shares of the company’s stock valued at $2,270,000 after acquiring an additional 3,166 shares during the period. Institutional investors own 81.90% of the company’s stock.

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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.

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