Haverty Furniture Companies (HVT) Earns Coverage Optimism Score of 0.16

Media headlines about Haverty Furniture Companies (NYSE:HVT) have been trending somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Haverty Furniture Companies earned a news impact score of 0.16 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.7535075656325 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Separately, Zacks Investment Research upgraded Haverty Furniture Companies from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective on the stock in a research note on Wednesday, October 4th.

Haverty Furniture Companies (NYSE:HVT) traded down $0.05 during trading on Thursday, reaching $23.45. The company had a trading volume of 57,900 shares, compared to its average volume of 79,340. Haverty Furniture Companies has a fifty-two week low of $21.05 and a fifty-two week high of $27.23. The company has a current ratio of 2.17, a quick ratio of 1.16 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $497.35, a P/E ratio of 17.90, a price-to-earnings-growth ratio of 4.36 and a beta of 1.13.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, November 21st. This represents a $0.60 dividend on an annualized basis and a yield of 2.56%. Haverty Furniture Companies’s payout ratio is 45.80%.

In other Haverty Furniture Companies news, Director Fred L. Schuermann sold 1,950 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $23.15, for a total transaction of $45,142.50. Following the sale, the director now owns 3 shares of the company’s stock, valued at approximately $69.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Rawson Haverty, Jr. sold 23,000 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $23.30, for a total transaction of $535,900.00. Following the sale, the insider now directly owns 82,331 shares in the company, valued at approximately $1,918,312.30. The disclosure for this sale can be found here. Insiders have sold a total of 32,871 shares of company stock worth $769,483 in the last three months. Insiders own 10.31% 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.

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

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