Haverty Furniture Companies, In (NYSE:HVT) Sees Unusual Trading Volume in Its Shares


475K shares changed hands on Friday. Shares saw a steep increase in trading volume of 411.33% over the normal average daily volume.

Here is the rundown on market activity for Haverty Furniture Companies, In (NYSE:HVT). Rawson Jr Haverty, Sr VP reported the sale of 1,964 shares of (HVT). The shares were purchased at an average price of $23.52. Haverty now owns $9,408 of the stock per the Form 4 SEC filing. EVP Steven G. Burdette disclosed the sale of 4,800 shares of HVT stock. The shares were sold on May 24th for an average price of $23.50. The EVP now owns $85,940 of the stock according to the SEC filing.

These funds have also shifted positions in (HVT). Federated Investors Inc /pa/ augmented its investment by buying 57 shares an increase of 74.0% as of 06/30/2017. Federated Investors Inc /pa/ claims 134 shares with a value of $3,000. The value of the position overall is up by 50.0%. BNP Paribas Arbitrage, SA expanded its ownership by buying 2,501 shares an increase of 53.6%. BNP Paribas Arbitrage, SA owns 7,165 shares worth $179,000. The total value of its holdings increased 58.4%.

As of the end of the quarter Schwab Charles Investment Management Inc had bought a total of 20,882 shares growing its stake by 23.8%. The value of the company’s investment in Haverty Furniture Companies, In went from $2,134,000 to $2,723,000 increasing 27.6% quarter to quarter. As of quarter end Rhumbline Advisers had disposed of 352 shares trimming its position 0.9%. The value of the total investment in Haverty Furniture Companies, In increased from $933,000 to $953,000 a change of $20,000 for the reporting period.

On October 10 the company was set at “Market Perform” according to a Raymond James report which is down from the previous “Outperform” rating. On January 27, 2016 the stock rating was rated “Sector Weight” by KeyBanc a cut from the previous “Overweight” rating.

On July 14 the stock rating was upgraded from “Market Perform” to “Outperform” with a current price target of $25.00 in a report from Raymond James. On November 3 Barrington Research kept the stock rating at “Outperform” but raised the price expectation to $30.00 from $7.00.

On October 30 the company was downgraded to “Market Perform” from “Outperform” and a price target of $30.00 was set by analysts at Raymond James. On June 2, 2014 Barrington Research started covering the stock with a rating of “Outperform” and projecting a price target of $30.00.

The company is now up by 3.70% since yesterday’s close of $23. The company announced a dividend for shareholders paid on Friday June 9th, 2017. The dividend was $0.120 per share for the quarter which is $0.48 annualized. This dividend represents a yield of $2.01. The ex-dividend date was set for Monday the 22nd of May 2017.

It is trading at $23.85 which is just a bit higher than the 50 day moving average which is $23.49 and just a bit higher than the 200 day moving average of $23.53. The 50 day moving average went up $0.36 or +1.55% and the 200 day average went up $0.32 or +1.36%.

Haverty Furniture Companies, In’s P/E ratio is 16.83 and the market cap of the company is 505.07M. As of the latest earnings report the EPS was $1.42 and is projected to be $1.20 for the current year with 21,177,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.39 and the next full year EPS is projected to be $1.33.

Haverty Furniture Companies, Inc., launched on September 30, 1929, 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 Business’s retail store space totaled approximately 4.5 million square feet for 124 stores. It also offers financing through a third-party finance company, as well as an internal revolving charge credit plan..