Haverty Furniture Companies (NYSE:HVT - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Wednesday.
Haverty Furniture Companies Stock Down 2.0 %
NYSE:HVT traded down $0.42 during trading hours on Wednesday, hitting $20.87. 230,686 shares of the company traded hands, compared to its average volume of 184,157. The company has a market cap of $337.89 million, a PE ratio of 13.12, a PEG ratio of 1.15 and a beta of 1.44. The firm's 50-day simple moving average is $22.08 and its 200-day simple moving average is $23.36. Haverty Furniture Companies has a one year low of $20.37 and a one year high of $34.29.
Haverty Furniture Companies (NYSE:HVT - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.30. Haverty Furniture Companies had a net margin of 3.57% and a return on equity of 8.69%. The company had revenue of $184.35 million for the quarter, compared to analyst estimates of $179.84 million. As a group, equities research analysts expect that Haverty Furniture Companies will post 0.88 EPS for the current year.
Institutional Trading of Haverty Furniture Companies
A number of hedge funds have recently bought and sold shares of HVT. Pzena Investment Management LLC grew its stake in Haverty Furniture Companies by 33.7% in the 4th quarter. Pzena Investment Management LLC now owns 962,102 shares of the company's stock valued at $21,416,000 after purchasing an additional 242,465 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Haverty Furniture Companies by 27.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 425,940 shares of the company's stock worth $11,701,000 after buying an additional 92,600 shares during the last quarter. American Century Companies Inc. grew its position in Haverty Furniture Companies by 9.8% during the fourth quarter. American Century Companies Inc. now owns 404,318 shares of the company's stock valued at $9,000,000 after buying an additional 36,086 shares during the period. Jane Street Group LLC increased its holdings in Haverty Furniture Companies by 1,258.1% during the third quarter. Jane Street Group LLC now owns 363,894 shares of the company's stock worth $9,996,000 after buying an additional 337,099 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Haverty Furniture Companies by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 326,221 shares of the company's stock worth $7,263,000 after acquiring an additional 5,107 shares during the period. 80.57% of the stock is currently owned by institutional investors.
Haverty Furniture Companies Company Profile
(
Get Free Report)
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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