Haverty Furniture Companies (NYSE:HVT) Upgraded at StockNews.com

StockNews.com upgraded shares of Haverty Furniture Companies (NYSE:HVT) from a hold rating to a buy rating in a research note released on Tuesday morning.

Separately, Benchmark reiterated a buy rating and set a $45.00 price objective on shares of Haverty Furniture Companies in a report on Thursday, May 2nd.

Haverty Furniture Companies Price Performance

Shares of NYSE:HVT traded up $0.23 during mid-day trading on Tuesday, hitting $28.61. The company had a trading volume of 105,200 shares, compared to its average volume of 132,027. Haverty Furniture Companies has a one year low of $23.09 and a one year high of $37.05. The firm has a fifty day moving average price of $26.37 and a 200 day moving average price of $30.05. The company has a market capitalization of $464.51 million, a PE ratio of 10.40, a price-to-earnings-growth ratio of 1.64 and a beta of 1.44.

Hedge Funds Weigh In On Haverty Furniture Companies

A number of large investors have recently modified their holdings of HVT. Wulff Hansen & CO. lifted its position in Haverty Furniture Companies by 2,503.4% in the 2nd quarter. Wulff Hansen & CO. now owns 573,122 shares of the company’s stock valued at $14,494,000 after acquiring an additional 551,108 shares in the last quarter. WINTON GROUP Ltd boosted its position in shares of Haverty Furniture Companies by 40.1% during the second quarter. WINTON GROUP Ltd now owns 36,577 shares of the company’s stock valued at $925,000 after buying an additional 10,469 shares during the last quarter. Vest Financial LLC bought a new stake in Haverty Furniture Companies during the second quarter worth $1,087,000. American Century Companies Inc. raised its position in Haverty Furniture Companies by 19.0% in the 2nd quarter. American Century Companies Inc. now owns 320,672 shares of the company’s stock valued at $8,110,000 after buying an additional 51,302 shares during the last quarter. Finally, Texas Permanent School Fund Corp raised its position in Haverty Furniture Companies by 6.1% in the 2nd quarter. Texas Permanent School Fund Corp now owns 12,388 shares of the company’s stock valued at $313,000 after buying an additional 714 shares during the last quarter. 80.57% of the stock is currently owned by institutional investors.

Haverty Furniture Companies Company Profile

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.