Haverty Furniture Companies, Inc. (NYSE:HVT – Get Free Report) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totalling 1,940,000 shares, an increase of 7.8% from the July 15th total of 1,800,000 shares. Based on an average trading volume of 170,100 shares, the days-to-cover ratio is currently 11.4 days. Currently, 14.7% of the shares of the stock are short sold.
Analysts Set New Price Targets
A number of analysts have weighed in on HVT shares. StockNews.com cut shares of Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th. Benchmark reiterated a “buy” rating and issued a $45.00 target price on shares of Haverty Furniture Companies in a research report on Thursday, May 2nd.
Check Out Our Latest Report on Haverty Furniture Companies
Institutional Inflows and Outflows
Haverty Furniture Companies Stock Down 1.2 %
NYSE HVT traded down $0.35 on Monday, hitting $28.89. The company’s stock had a trading volume of 131,502 shares, compared to its average volume of 131,882. The company’s 50-day moving average is $26.51 and its 200 day moving average is $29.78. The firm has a market cap of $469.06 million, a PE ratio of 10.48, a PEG ratio of 1.64 and a beta of 1.44. Haverty Furniture Companies has a 1-year low of $23.09 and a 1-year high of $37.05.
Haverty Furniture Companies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Monday, August 26th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.43%. The ex-dividend date is Monday, August 26th. Haverty Furniture Companies’s dividend payout ratio is currently 46.55%.
Haverty Furniture Companies Company Profile
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.
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