Insider Selling: Haverty Furniture Companies, Inc. (NYSE:HVT) CEO Sells $475,945.20 in Stock

Haverty Furniture Companies, Inc. (NYSE:HVT – Get Rating) CEO Clarence H. Smith sold 13,880 shares of Haverty Furniture Companies stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $34.29, for a total transaction of $475,945.20. Following the completion of the sale, the chief executive officer now owns 34,300 shares of the company’s stock, valued at $1,176,147. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Haverty Furniture Companies Trading Down 1.1 %

Shares of NYSE HVT opened at $32.17 on Friday. The firm has a 50 day moving average of $34.57 and a 200 day moving average of $30.64. The firm has a market capitalization of $519.55 million, a price-to-earnings ratio of 6.15 and a beta of 1.41. Haverty Furniture Companies, Inc. has a 12-month low of $22.77 and a 12-month high of $38.85.

Haverty Furniture Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 27th. Investors of record on Friday, March 10th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $1.12 annualized dividend and a yield of 3.48%. Haverty Furniture Companies’s dividend payout ratio (DPR) is 21.41%.

Institutional Trading of Haverty Furniture Companies

Several large investors have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. bought a new stake in Haverty Furniture Companies during the fourth quarter valued at approximately $228,000. Truist Financial Corp bought a new stake in Haverty Furniture Companies during the fourth quarter valued at approximately $531,000. Alliancebernstein L.P. lifted its holdings in Haverty Furniture Companies by 17.7% during the fourth quarter. Alliancebernstein L.P. now owns 11,195 shares of the company’s stock valued at $335,000 after purchasing an additional 1,687 shares in the last quarter. State of Wyoming lifted its holdings in Haverty Furniture Companies by 46.1% during the fourth quarter. State of Wyoming now owns 4,135 shares of the company’s stock valued at $124,000 after purchasing an additional 1,305 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its holdings in Haverty Furniture Companies by 60.2% during the fourth quarter. Squarepoint Ops LLC now owns 40,806 shares of the company’s stock valued at $1,220,000 after purchasing an additional 15,336 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Haverty Furniture Companies from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 22nd.

Haverty Furniture Companies Company Profile

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Haverty Furniture Cos., Inc operates as a specialty retailer of residential furniture and accessories. It provides a selection of products and styles and various brands carried furniture. The firm offers the bedding product lines, which include sealy, serta, stearns, foster and tempur pedic. It also provides financing through an internal revolving charge credit plan, as well as a third party finance company.