According to Zacks, “Haverty Furniture Companies, Inc. is a full-service home furnishings retailer. The company operates showrooms in contiguous southern and central states. Havertys provides its customers with a wide selection of furniture and accessories primarily in the middle to upper-middle price ranges. As an added convenience to its customers, the company offers financing through a revolving charge credit plan. “
Separately, Raymond James Financial Inc. cut Haverty Furniture Cos. from a strong-buy rating to a market perform rating in a research report on Monday.
Shares of Haverty Furniture Cos. (NYSE:HVT) opened at 17.60 on Tuesday. The stock has a market capitalization of $371.43 million, a price-to-earnings ratio of 14.74 and a beta of 0.81. The firm’s 50 day moving average is $19.78 and its 200 day moving average is $19.11. Haverty Furniture Cos. has a 52-week low of $16.57 and a 52-week high of $24.54.
Haverty Furniture Cos. (NYSE:HVT) last released its quarterly earnings data on Monday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.05. The firm earned $194.80 million during the quarter, compared to analysts’ expectations of $194.80 million. Haverty Furniture Cos. had a return on equity of 9.05% and a net margin of 3.30%. Haverty Furniture Cos.’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 earnings per share. Equities analysts expect that Haverty Furniture Cos. will post $1.28 earnings per share for the current year.
In other Haverty Furniture Cos. news, Chairman Clarence H. Smith sold 10,510 shares of the company’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $20.52, for a total value of $215,665.20. Following the sale, the chairman now owns 56,088 shares of the company’s stock, valued at $1,150,925.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.51% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of HVT. Foundry Partners LLC raised its stake in Haverty Furniture Cos. by 1.2% in the third quarter. Foundry Partners LLC now owns 169,875 shares of the company’s stock valued at $3,404,000 after buying an additional 2,060 shares during the period. Arizona State Retirement System raised its stake in Haverty Furniture Cos. by 1.9% in the second quarter. Arizona State Retirement System now owns 10,475 shares of the company’s stock valued at $189,000 after buying an additional 200 shares during the period. Citadel Advisors LLC purchased a new stake in Haverty Furniture Cos. during the second quarter valued at $379,000. State Street Corp raised its stake in Haverty Furniture Cos. by 2.2% in the second quarter. State Street Corp now owns 434,427 shares of the company’s stock valued at $7,833,000 after buying an additional 9,415 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in Haverty Furniture Cos. by 0.3% in the second quarter. Thrivent Financial for Lutherans now owns 182,087 shares of the company’s stock valued at $3,283,000 after buying an additional 560 shares during the period. 70.32% of the stock is currently owned by institutional investors.
Haverty Furniture Cos. Company Profile
Haverty Furniture Companies, Inc is a specialty retailer of residential furniture and accessories. The Company sells home furnishings in its retail stores and through its Website havertys.com. The Company has over 120 stores in approximately 20 states in the southern and Midwest regions with over 4.4 million square feet retail store space.
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