Haverty Furniture Companies (NYSE:HVT) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Haverty Furniture Companies, Inc. (NYSE:HVT) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $23.00 and traded as high as $26.64. Haverty Furniture Companies shares last traded at $26.3790, with a volume of 73,410 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on HVT shares. Wall Street Zen cut Haverty Furniture Companies from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Haverty Furniture Companies in a research report on Monday, December 29th. Finally, Zacks Research lowered Haverty Furniture Companies from a “hold” rating to a “strong sell” rating in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Haverty Furniture Companies Stock Up 1.8%

The stock has a market capitalization of $429.19 million, a P/E ratio of 23.14, a P/E/G ratio of 1.03 and a beta of 1.32. The stock has a 50 day simple moving average of $24.89 and a two-hundred day simple moving average of $23.00.

Haverty Furniture Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Tuesday, November 25th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.0%. This is an increase from Haverty Furniture Companies’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Tuesday, November 25th. Haverty Furniture Companies’s payout ratio is currently 115.79%.

Insider Activity at Haverty Furniture Companies

In other news, Director Rawson Haverty, Jr. sold 7,500 shares of Haverty Furniture Companies stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $24.86, for a total value of $186,450.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 14,354 shares of company stock valued at $345,898. Company insiders own 8.63% of the company’s stock.

Hedge Funds Weigh In On Haverty Furniture Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of HVT. Royal Bank of Canada raised its stake in Haverty Furniture Companies by 13.8% in the first quarter. Royal Bank of Canada now owns 27,073 shares of the company’s stock valued at $534,000 after buying an additional 3,293 shares during the period. AQR Capital Management LLC increased its holdings in shares of Haverty Furniture Companies by 30.5% during the 1st quarter. AQR Capital Management LLC now owns 162,821 shares of the company’s stock worth $3,211,000 after acquiring an additional 38,074 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 acquiring an additional 651 shares during the last quarter. Empowered Funds LLC raised its stake in Haverty Furniture Companies by 7.4% in the 1st quarter. Empowered Funds LLC now owns 92,185 shares of the company’s stock valued at $1,818,000 after acquiring an additional 6,387 shares during the period. Finally, Jane Street Group LLC lifted its holdings in Haverty Furniture Companies by 68.7% during the 1st quarter. Jane Street Group LLC now owns 172,099 shares of the company’s stock valued at $3,394,000 after purchasing an additional 70,060 shares during the last quarter. Institutional investors own 80.57% of the company’s stock.

About Haverty Furniture Companies

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and home décor in the United States. Founded in 1885 by J.J. Haverty and headquartered in Atlanta, Georgia, the company offers a broad assortment of upholstered furniture, case goods, mattresses, area rugs and decorative accessories. Customers can shop through a network of company-owned showrooms as well as an e-commerce platform, supported by in-house design services, delivery options and consumer financing programs.

Over more than a century of operation, Havertys has expanded its presence primarily across the Southeast and select markets beyond.