Haverty Furniture Companies (NYSE:HVT - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.
Separately, Sidoti upgraded shares of Haverty Furniture Companies to a "hold" rating in a report on Tuesday, April 29th.
View Our Latest Stock Report on Haverty Furniture Companies
Haverty Furniture Companies Price Performance
Shares of NYSE:HVT traded down $0.02 during trading hours on Friday, hitting $22.05. The company's stock had a trading volume of 96,333 shares, compared to its average volume of 184,980. The firm's fifty day moving average price is $20.40 and its 200 day moving average price is $20.79. Haverty Furniture Companies has a 52 week low of $17.01 and a 52 week high of $29.85. The company has a market capitalization of $356.11 million, a price-to-earnings ratio of 17.50, a P/E/G ratio of 1.41 and a beta of 1.36.
Haverty Furniture Companies (NYSE:HVT - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.09. The company had revenue of $181.60 million during the quarter, compared to analyst estimates of $178.36 million. Haverty Furniture Companies had a return on equity of 6.94% and a net margin of 2.96%. On average, equities research analysts predict that Haverty Furniture Companies will post 0.88 earnings per share for the current fiscal year.
Insider Buying and Selling at Haverty Furniture Companies
In related news, Director Rawson Haverty, Jr. sold 1,500 shares of the company's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $20.67, for a total transaction of $31,005.00. Following the transaction, the director directly owned 38,023 shares of the company's stock, valued at $785,935.41. This represents a 3.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 8.63% of the stock is owned by insiders.
Hedge Funds Weigh In On Haverty Furniture Companies
Several hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Haverty Furniture Companies by 7.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,898 shares of the company's stock valued at $175,000 after purchasing an additional 651 shares in the last quarter. US Bancorp DE increased its position in shares of Haverty Furniture Companies by 30.9% in the 4th quarter. US Bancorp DE now owns 5,184 shares of the company's stock valued at $115,000 after acquiring an additional 1,224 shares during the period. PNC Financial Services Group Inc. raised its stake in Haverty Furniture Companies by 1,929.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,522 shares of the company's stock worth $30,000 after acquiring an additional 1,447 shares during the last quarter. Wells Fargo & Company MN lifted its position in Haverty Furniture Companies by 20.9% during the 4th 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 during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in Haverty Furniture Companies during the 4th quarter valued at about $56,000. Institutional investors and hedge funds own 80.57% of the company's stock.
Haverty Furniture Companies Company Profile
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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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