Insider Exclusive: The Insider and director of Haverty Furniture Companies, Inc. (NYSE:HVT), Fred Schuermann, Sold 2,300 Shares

November 30, 2016 - By Louis Casey

Insider Exclusive: The Insider and director of Haverty Furniture Companies, Inc. (NYSE:HVT), Fred Schuermann, Sold 2,300 Shares

Fred Schuermann Insider Sell

Haverty Furniture Companies Inc director and an insider Fred Schuermann a few days ago unloaded 2,300 company shares worth $49,521 at the average share price of $21.5. Fred Schuermann today has rights to 408 shares which are equivalent to precisely 0.00% of the Georgia-Company’s total market capitalization. A document obtainable for free here revealed this trade activity. It was revealed on 29/11/2016 and filled with Security Exchange Commission.

Haverty Furniture Companies, Inc. (NYSE:HVT) Ratings Coverage

Out of 2 analysts covering Haverty Furniture (NYSE:HVT), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Haverty Furniture has been the topic of 3 analyst reports since January 27, 2016 according to StockzIntelligence Inc. Raymond James downgraded Haverty Furniture Companies, Inc. (NYSE:HVT) on Monday, October 10 to “Mkt Perform” rating. The rating was upgraded by Raymond James to “Strong Buy” on Tuesday, August 2. KeyBanc Capital Markets downgraded the shares of HVT in a report on Wednesday, January 27 to “Sector Weight” rating.

Insitutional Activity: The institutional sentiment increased to 1.4 in Q2 2016. Its up 0.44, from 0.96 in 2016Q1. The ratio increased, as 12 funds sold all Haverty Furniture Companies, Inc. shares owned while 33 reduced positions. 8 funds bought stakes while 35 increased positions. They now own 16.39 million shares or 1.97% less from 16.72 million shares in 2016Q1.

State Common Retirement Fund holds 0% of its portfolio in Haverty Furniture Companies, Inc. (NYSE:HVT) for 58,900 shares. Counselors Of Maryland Limited Liability Company holds 431,173 shares or 0.43% of its portfolio. Teton Advsr Inc, a New York-based fund reported 20,800 shares. Lsv Asset holds 523,956 shares or 0.02% of its portfolio. Gsa Prtnrs Llp last reported 61,744 shares in the company. Macquarie Group Inc Limited reported 43,900 shares or 0% of all its holdings. Manufacturers Life The last reported 14,305 shares in the company. Nationwide Fund Advsrs has 17,765 shares for 0% of their US portfolio. Pub Sector Pension Investment Board accumulated 14,141 shares or 0% of the stock. Comerica Bank has 20,074 shares for 0% of their US portfolio. The New York-based Morgan Stanley has invested 0% in Haverty Furniture Companies, Inc. (NYSE:HVT). Ls Investment Advsr Ltd owns 692 shares or 0% of their US portfolio. The New York-based Alliancebernstein L P has invested 0% in Haverty Furniture Companies, Inc. (NYSE:HVT). The Arizona-based Arizona State Retirement Systems has invested 0% in Haverty Furniture Companies, Inc. (NYSE:HVT). Bancshares Of Mellon Corp accumulated 249,031 shares or 0% of the stock.

Insider Transactions: Since September 16, 2016, the stock had 0 insider buys, and 1 insider sale for $14,790 net activity. 750 shares were sold by DeNiro Allan J, worth $14,790.

About 62,569 shares traded hands. Haverty Furniture Companies, Inc. (NYSE:HVT) has risen 16.34% since April 27, 2016 and is uptrending. It has outperformed by 11.11% the S&P500.

Haverty Furniture Companies, Inc. is a specialty retailer of residential furniture and accessories. The company has a market cap of $463.79 million. The Firm sells home furnishings in its retail stores and through its Website havertys.com. It has a 19.24 P/E ratio. The Firm has over 120 stores in approximately 20 states in the southern and Midwest regions with over 4.4 million square feet retail store space.

According to Zacks Investment Research, “Haverty Furniture Companies, Inc. is a full-service home furnishings retailer. The company operates showrooms in contiguous southern and central states. Havertys provides its customers with a wide selection of furniture and accessories primarily in the middle to upper-middle price ranges. As an added convenience to its customers, the company offers financing through a revolving charge credit plan.”

Analysts await Haverty Furniture Companies, Inc. (NYSE:HVT) to report earnings on February, 22. They expect $0.44 earnings per share, up 7.32% or $0.03 from last year’s $0.41 per share. HVT’s profit will be $9.45 million for 12.27 P/E if the $0.44 EPS becomes a reality. After $0.34 actual earnings per share reported by Haverty Furniture Companies, Inc. for the previous quarter, Wall Street now forecasts 29.41% EPS growth.

More important recent Haverty Furniture Companies, Inc. (NYSE:HVT) news were published by: Marketwatch.com which released: “Haverty Furniture downgraded to market perform from strong buy at Raymond James” on October 18, 2010, also Seekingalpha.com published article titled: “Haverty Furniture Companies: Undercovered And Undervalued (HVT)”, Benzinga.com published: “Earnings Scheduled For October 31, 2016” on October 31, 2016. More interesting news about Haverty Furniture Companies, Inc. (NYSE:HVT) was released by: Equitiesfocus.com and their article: “Haverty Furniture Companies, Inc. (NYSE:HVT) PEG Ratio At -1.19” with publication date: November 22, 2016.

HVT Company Profile

Haverty Furniture Companies, Inc., incorporated on September 30, 1929, The Firm sells home furnishings in its retail stores and through its Website havertys.com. The Firm has over 120 stores in approximately 20 states in the southern and Midwest regions with over 4.4 million square feet retail store space. It offers financing through an internal revolving charge credit plan as well as a third-party finance company.

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