Haverty Furniture Companies Inc.’s recent filing unveils that its Director PALMER VICKI R unloaded Company’s shares for reported $0.78 million on Aug 30. In the deal valued at $31.16 per share,25,000 shares were sold. As a result of this transaction, PALMER VICKI R now holds 33,237 shares worth roughly $ 1.06 million.
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Then, MANGUM MYLLE H sold 5,158 shares, generating $135,552 in total proceeds. Upon selling the shares at $26.28, the Director now owns 3,519 shares.
Before that, Hare Richard B sold 7,100 shares. Haverty Furniture Companies Inc. shares valued at $229,244 were divested by the Executive Vice President & CFO at a price of $32.29 per share. As a result of the transaction, Hare Richard B now holds 15,878 shares, worth roughly $0.51 million.
The Benchmark Company initiated its Haverty Furniture Companies Inc. [HVT] rating to a Buy in a research note published on Friday, July 11, 2023; the price target was $41. PT values the company’s stock at a premium of 22.02 to its Friday closing price.
Price Performance Review of HVT
On Friday, Haverty Furniture Companies Inc. [NYSE:HVT] saw its stock jump 2.14% to $31.97. On the same session, the stock had its day’s lowest price of $31.54, but rose to a high of $32.00. Over the last five days, the stock has gained 2.93%. Haverty Furniture Companies Inc. shares have risen nearly 6.92% since the year began. Nevertheless, the stocks have risen 23.12% over the past one year. While a 52-week high of $38.85 was reached on 02/22/23, a 52-week low of $24.00 was recorded on 05/11/23. SMA at 50 days reached $32.38, while 200 days put it at $31.55. A total of 70961.0 shares were traded, compared to the trading of 73800.0 shares in the previous session.
Levels Of Support And Resistance For HVT Stock
The 24-hour chart illustrates a support level at 31.67, which if violated will result in even more drops to 31.38. On the upside, there is a resistance level at 32.13. A further resistance level may holdings at 32.30. The Relative Strength Index (RSI) on the 14-day chart is 47.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.39%. Stochastics %K at 19.95% indicates the stock is a buying.
How much short interest is there in Haverty Furniture Companies Inc.?
A steep rise in short interest was recorded in Haverty Furniture Companies Inc. stocks on Aug 14, 2023, dropping by 10000.0 shares to a total of 1.09 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.1 million shares. There was a decline of -0.92%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 9.24% of the overall stock float, the days-to-cover ratio (short ratio) fell to 11.01.
Haverty Furniture Companies Inc. [HVT] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 2,188,614 shares, or roughly 14.61% of the outstanding HVT shares. In other words, the investor’s shares have fallen by -24,101 from its previous 13-F filing of 2212715.0. Additionally, Dimensional Fund Advisors LP increased 1.17% of its stake after which the total value it holdings stand at $44,167,923, while The Vanguard Group, Inc. reduced -0.51% of its stake to hold $36.36 million in the firm. Over the last quarter, Renaissance Technologies LLC sold -67,900 shares of Haverty Furniture Companies Inc., while LSV Asset Management sold 38,500 shares. At present, SSgA Funds Management, Inc. is holding 540,540 shares valued at $19.24 million. Northern Trust Investments, Inc. owned 326,985 shares of the company at the time of its most recent 13F filing, worth $11.64 million.
According to FactSet, Haverty Furniture Companies Inc.’s share price will average $42.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 43.77 percent from its previous closing price of $31.30. Analysts expect Haverty Furniture Companies Inc. stock to reach the higher price of $46.00, while the lowest price estimate is $35.00. However, 2 analysts have rated HVT stock as a Buy in their predictions for 2023.