Haverty Furniture Companies (NYSE:HVT) Raised to Hold at Zacks Research

Haverty Furniture Companies (NYSE:HVT) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

HVT has been the topic of a number of other reports. Weiss Ratings downgraded shares of Haverty Furniture Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Wall Street Zen lowered Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Haverty Furniture Companies Trading Up 0.1%

NYSE:HVT opened at $25.07 on Monday. The business’s 50-day moving average is $23.14 and its 200 day moving average is $23.66. Haverty Furniture Companies has a 12 month low of $19.53 and a 12 month high of $27.67. The company has a market capitalization of $403.42 million, a P/E ratio of 20.89, a P/E/G ratio of 1.29 and a beta of 1.18.

Haverty Furniture Companies (NYSE:HVT) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. The business had revenue of $189.05 million for the quarter, compared to the consensus estimate of $191.99 million. Haverty Furniture Companies had a return on equity of 6.60% and a net margin of 2.64%. On average, research analysts forecast that Haverty Furniture Companies will post 1.62 earnings per share for the current year.

Hedge Funds Weigh In On Haverty Furniture Companies

A number of large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in Haverty Furniture Companies by 13.8% during the 1st quarter. Royal Bank of Canada now owns 27,073 shares of the company’s stock worth $534,000 after buying an additional 3,293 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Haverty Furniture Companies by 30.5% in the 1st quarter. AQR Capital Management LLC now owns 162,821 shares of the company’s stock valued at $3,211,000 after purchasing an additional 38,074 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Haverty Furniture Companies by 7.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,898 shares of the company’s stock worth $175,000 after purchasing an additional 651 shares in the last quarter. Empowered Funds LLC boosted its stake in Haverty Furniture Companies by 7.4% in the 1st quarter. Empowered Funds LLC now owns 92,185 shares of the company’s stock worth $1,818,000 after purchasing an additional 6,387 shares in the last quarter. Finally, Jane Street Group LLC grew its position in Haverty Furniture Companies by 68.7% during the 1st quarter. Jane Street Group LLC now owns 172,099 shares of the company’s stock worth $3,394,000 after purchasing an additional 70,060 shares during the last quarter. 80.57% of the stock is currently owned by institutional investors.

About Haverty Furniture Companies

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and home décor in the United States. Founded in 1885 by J.J. Haverty and headquartered in Atlanta, Georgia, the company offers a broad assortment of upholstered furniture, case goods, mattresses, area rugs and decorative accessories. Customers can shop through a network of company-owned showrooms as well as an e-commerce platform, supported by in-house design services, delivery options and consumer financing programs.

Over more than a century of operation, Havertys has expanded its presence primarily across the Southeast and select markets beyond.