Haverty Furniture Companies Inc (NYSE:HVT), a retail company specializing in residential furniture and accessories, has reported an insider sell according to a recent SEC filing. President Steven Burdette sold 6,500 shares of the company on February 29, 2024. The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission.
Over the past year, the insider has sold a total of 10,289 shares and has not made any purchases of the company's stock. The recent sell brings the insider's total sales to a significant number, indicating a notable change in the insider's holdings.
The insider transaction history for Haverty Furniture Companies Inc (NYSE:HVT) shows a pattern of insider sales, with 0 insider buys and 8 insider sells over the past year.
On the date of the insider's recent sell, shares of Haverty Furniture Companies Inc were trading at $34.35, giving the company a market capitalization of $560.241 million. The price-earnings ratio of the company stands at 10.22, which is lower than the industry median of 17.91 and also below the company's historical median price-earnings ratio.
According to the GuruFocus Value, with a stock price of $34.35 and a GF Value of $27.64, Haverty Furniture Companies Inc has a price-to-GF-Value ratio of 1.24, categorizing the stock as Modestly Overvalued. The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The insider's recent sell transaction may attract the attention of investors who track insider behaviors as an indicator of a company's future performance. However, it is important to consider a wide range of factors when evaluating the potential impact of insider transactions on stock performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
