Haverty Furniture Companies (HVT) Receiving Somewhat Positive News Coverage, Study Finds
Press coverage about Haverty Furniture Companies (NYSE:HVT) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Haverty Furniture Companies earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the company an impact score of 47.360471757364 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several research analysts recently issued reports on the company. Zacks Investment Research upgraded Haverty Furniture Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. TheStreet downgraded Haverty Furniture Companies from a “b” rating to a “c+” rating in a research report on Tuesday, February 20th.
Haverty Furniture Companies (HVT) opened at $20.30 on Friday. The company has a quick ratio of 1.20, a current ratio of 2.35 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $430.24, a price-to-earnings ratio of 20.71 and a beta of 1.06. Haverty Furniture Companies has a twelve month low of $20.05 and a twelve month high of $27.23.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Wednesday, March 14th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This is an increase from Haverty Furniture Companies’s previous quarterly dividend of $0.15. This represents a $0.72 annualized dividend and a yield of 3.55%. Haverty Furniture Companies’s payout ratio is 73.47%.
In other news, VP Jenny H. Parker sold 2,000 shares of the business’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $20.50, for a total transaction of $41,000.00. Following the completion of the sale, the vice president now directly owns 33,354 shares of the company’s stock, valued at approximately $683,757. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 10.31% of the stock is owned by insiders.
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Haverty Furniture Companies Company Profile
Haverty Furniture Companies, Inc 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 Company’s retail store space totaled approximately 4.5 million square feet for 124 stores.
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