Haverty Furniture Companies (NYSE:HVT) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Haverty Furniture Companies (NYSE:HVT - Free Report) from a hold rating to a buy rating in a report released on Thursday morning.

Separately, Sidoti upgraded Haverty Furniture Companies to a "hold" rating in a report on Tuesday, April 29th.

Haverty Furniture Companies Stock Up 0.2%

Shares of HVT traded up $0.05 during trading hours on Thursday, reaching $21.05. The stock had a trading volume of 8,755 shares, compared to its average volume of 195,604. The company has a market cap of $340.02 million, a P/E ratio of 13.24, a P/E/G ratio of 1.15 and a beta of 1.41. Haverty Furniture Companies has a 52 week low of $17.01 and a 52 week high of $30.13. The firm has a 50-day moving average of $19.50 and a 200 day moving average of $21.48.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.09. Haverty Furniture Companies had a net margin of 3.57% and a return on equity of 8.69%. The company had revenue of $181.60 million during the quarter, compared to the consensus estimate of $178.36 million. As a group, equities analysts expect that Haverty Furniture Companies will post 0.88 earnings per share for the current year.

Haverty Furniture Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Thursday, March 6th were paid a dividend of $0.32 per share. The ex-dividend date was Thursday, March 6th. This represents a $1.28 annualized dividend and a yield of 6.08%. Haverty Furniture Companies's payout ratio is presently 101.59%.

Hedge Funds Weigh In On Haverty Furniture Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its position in Haverty Furniture Companies by 1,929.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,522 shares of the company's stock worth $30,000 after purchasing an additional 1,447 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Haverty Furniture Companies during the fourth quarter valued at about $56,000. Nisa Investment Advisors LLC grew its position in shares of Haverty Furniture Companies by 509.5% during the first quarter. Nisa Investment Advisors LLC now owns 3,736 shares of the company's stock worth $74,000 after buying an additional 3,123 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Haverty Furniture Companies in the third quarter valued at about $88,000. Finally, CWM LLC raised its holdings in shares of Haverty Furniture Companies by 163.0% during the first quarter. CWM LLC now owns 4,645 shares of the company's stock valued at $92,000 after buying an additional 2,879 shares during the last quarter. Institutional investors and hedge funds own 80.57% of the company's stock.

Haverty Furniture Companies Company Profile

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.