Haverty Furniture Companies (NYSE:HVT.A) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

Haverty Furniture Companies, Inc. (NYSE:HVT.A)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $22.11 and traded as low as $21.62. Haverty Furniture Companies shares last traded at $21.84, with a volume of 1,800 shares changing hands.

Haverty Furniture Companies Price Performance

The firm has a 50-day simple moving average of $22.11 and a 200 day simple moving average of $23.58. The company has a market capitalization of $358.27 million, a PE ratio of 13.73 and a beta of 1.18.

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

Haverty Furniture Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Thursday, March 6th will be paid a $0.30 dividend. The ex-dividend date is Thursday, March 6th. This represents a $1.20 dividend on an annualized basis and a yield of 5.50%. Haverty Furniture Companies’s payout ratio is currently 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.