Haverty Furniture Companies (NYSE:HVT) Raised to Buy at StockNews.com

Haverty Furniture Companies (NYSE:HVT) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Haverty Furniture Companies Trading Down 0.2 %

NYSE HVT traded down $0.04 on Wednesday, reaching $21.61. 160,650 shares of the company were exchanged, compared to its average volume of 182,975. The business’s fifty day moving average price is $22.10 and its 200 day moving average price is $23.47. The stock has a market capitalization of $349.87 million, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 1.15 and a beta of 1.44. Haverty Furniture Companies has a fifty-two week low of $20.37 and a fifty-two week high of $34.29.

Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.17 by $0.30. The business had revenue of $184.35 million for the quarter, compared to analyst estimates of $179.84 million. Haverty Furniture Companies had a return on equity of 8.69% and a net margin of 3.57%. Equities research analysts forecast that Haverty Furniture Companies will post 0.88 earnings per share for the current year.

Institutional Investors Weigh In On Haverty Furniture Companies

Several institutional investors and hedge funds have recently modified their holdings of HVT. KLP Kapitalforvaltning AS purchased a new stake in shares of Haverty Furniture Companies in the 4th quarter valued at $56,000. Point72 DIFC Ltd purchased a new stake in shares of Haverty Furniture Companies in the 3rd quarter valued at $70,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Haverty Furniture Companies in the 3rd quarter valued at $88,000. US Bancorp DE increased its holdings in 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 period. Finally, Harbor Capital Advisors Inc. increased its holdings in Haverty Furniture Companies by 8.7% during 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. Hedge funds and other institutional investors own 80.57% of the company’s stock.

About Haverty Furniture Companies

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.