Haverty Furniture Companies (NYSE:HVT - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Thursday.
Separately, Sidoti raised shares of Haverty Furniture Companies to a "hold" rating in a research note on Tuesday, April 29th.
Check Out Our Latest Research Report on Haverty Furniture Companies
Haverty Furniture Companies Stock Performance
NYSE HVT opened at $18.85 on Thursday. The company has a market capitalization of $305.26 million, a price-to-earnings ratio of 11.86, a PEG ratio of 1.15 and a beta of 1.41. Haverty Furniture Companies has a 1-year low of $17.01 and a 1-year high of $30.13. The stock's 50 day moving average is $19.62 and its two-hundred day moving average is $21.62.
Haverty Furniture Companies (NYSE:HVT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.09. The firm had revenue of $181.60 million during the quarter, compared to the consensus estimate of $178.36 million. Haverty Furniture Companies had a net margin of 3.57% and a return on equity of 8.69%. On average, analysts predict that Haverty Furniture Companies will post 0.88 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its stake in Haverty Furniture Companies by 8.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 6,813 shares of the company's stock worth $152,000 after purchasing an additional 548 shares during the period. US Bancorp DE increased its position in shares of Haverty Furniture Companies by 30.9% during the 4th quarter. US Bancorp DE now owns 5,184 shares of the company's stock worth $115,000 after purchasing an additional 1,224 shares during the last quarter. Wells Fargo & Company MN raised its position in Haverty Furniture Companies by 20.9% during the fourth quarter. Wells Fargo & Company MN now owns 11,558 shares of the company's stock worth $257,000 after acquiring an additional 1,997 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Haverty Furniture Companies by 22.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 13,349 shares of the company's stock valued at $297,000 after purchasing an additional 2,426 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Haverty Furniture Companies in the fourth quarter valued at approximately $56,000. Institutional investors own 80.57% of the company's stock.
Haverty Furniture Companies Company Profile
(
Get Free Report)
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 Tempur-Pedic, Serta, Sealy, and Stearns and Foster names.
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