Haverty Furniture Companies (NYSE:HVT.A) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Haverty Furniture Companies, Inc. (NYSE:HVT.A) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $20.76 and traded as low as $17.28. Haverty Furniture Companies shares last traded at $17.46, with a volume of 107 shares changing hands.

Haverty Furniture Companies Stock Down 3.4 %

The firm has a market capitalization of $285.58 million, a price-to-earnings ratio of 11.09 and a beta of 1.15. The company has a fifty day moving average price of $20.67 and a two-hundred day moving average price of $22.51.

Haverty Furniture Companies (NYSE:HVT.A) last announced its earnings results on Monday, February 24th. The company reported $0.47 EPS for the quarter. The business had revenue of $184.35 million during the quarter.

Haverty Furniture Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Thursday, March 6th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.80%. The ex-dividend date was Thursday, March 6th. Haverty Furniture Companies’s dividend payout ratio (DPR) is presently 102.56%.

About Haverty Furniture Companies

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 Sealy, Tempur-Pedic, and Serta names, as well as private label Skye name.