Inspire Investing LLC Has $386,000 Stock Position in Haverty Furniture Companies, Inc. $HVT

by · The Markets Daily

Inspire Investing LLC increased its stake in Haverty Furniture Companies, Inc. (NYSE:HVT – Free Report) by 8.9% in the second quarter, Holdings Channel.com reports. The firm owned 18,987 shares of the company’s stock after purchasing an additional 1,556 shares during the quarter. Inspire Investing LLC’s holdings in Haverty Furniture Companies were worth $386,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Haverty Furniture Companies by 7.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,898 shares of the company’s stock worth $175,000 after buying an additional 651 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Haverty Furniture Companies by 1,929.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,522 shares of the company’s stock worth $30,000 after buying an additional 1,447 shares during the last quarter. CWM LLC boosted its stake in shares of Haverty Furniture Companies by 163.0% during the 1st quarter. CWM LLC now owns 4,645 shares of the company’s stock worth $92,000 after buying an additional 2,879 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Haverty Furniture Companies by 509.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,736 shares of the company’s stock worth $74,000 after buying an additional 3,123 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Haverty Furniture Companies by 13.8% during the 1st quarter. Royal Bank of Canada now owns 27,073 shares of the company’s stock worth $534,000 after buying an additional 3,293 shares during the last quarter. 80.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on HVT shares. Weiss Ratings downgraded shares of Haverty Furniture Companies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

View Our Latest Report on HVT

Haverty Furniture Companies Stock Performance

Shares of HVT stock opened at $20.15 on Friday. The firm’s 50-day moving average is $22.25 and its 200-day moving average is $20.83. The stock has a market cap of $327.84 million, a price-to-earnings ratio of 17.52, a PEG ratio of 1.51 and a beta of 1.24. Haverty Furniture Companies, Inc. has a 52-week low of $17.01 and a 52-week high of $26.10.

Haverty Furniture Companies (NYSE:HVT – Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $181.03 million for the quarter, compared to analysts’ expectations of $177.11 million. Haverty Furniture Companies had a net margin of 2.71% and a return on equity of 6.39%. Sell-side analysts predict that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current fiscal year.

Haverty Furniture Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 25th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend was Monday, August 25th. Haverty Furniture Companies’s dividend payout ratio is currently 111.30%.

Insiders Place Their Bets

In other Haverty Furniture Companies news, Director Rawson Haverty, Jr. sold 15,000 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $22.84, for a total value of $342,600.00. Following the transaction, the director directly owned 29,523 shares of the company’s stock, valued at $674,305.32. This represents a 33.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have sold 40,000 shares of company stock valued at $918,900. 8.63% of the stock is owned by corporate insiders.

About Haverty Furniture Companies

(Free Report)

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and accessories in the United States. The company offers furniture merchandise under the Havertys brand name. It also provides custom upholstery products and eclectic looks; and mattress product lines under the Tempur-Pedic, Serta, Sealy, and Stearns and Foster names.

See Also

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