StockNews.com cut shares of Haverty Furniture Companies (NYSE:HVT – Free Report) from a buy rating to a hold rating in a report released on Friday.
Haverty Furniture Companies Stock Performance
Shares of HVT stock opened at $23.74 on Friday. The company has a market capitalization of $389.57 million, a P/E ratio of 10.23, a price-to-earnings-growth ratio of 1.42 and a beta of 1.45. Haverty Furniture Companies has a 52 week low of $23.09 and a 52 week high of $37.05. The company’s 50 day moving average price is $26.37 and its two-hundred day moving average price is $27.35.
Haverty Furniture Companies (NYSE:HVT – Get Free Report) last released its earnings results on Wednesday, July 31st. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.18 by $0.09. Haverty Furniture Companies had a return on equity of 12.58% and a net margin of 4.91%. The firm had revenue of $178.60 million for the quarter, compared to analysts’ expectations of $182.37 million. Analysts forecast that Haverty Furniture Companies will post 1.45 earnings per share for the current year.
Haverty Furniture Companies Dividend Announcement
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of HVT. Acadian Asset Management LLC increased its holdings in shares of Haverty Furniture Companies by 1.3% in the second quarter. Acadian Asset Management LLC now owns 31,855 shares of the company’s stock valued at $804,000 after purchasing an additional 395 shares during the last quarter. Wulff Hansen & CO. lifted its holdings in shares of Haverty Furniture Companies by 2.9% during the 2nd quarter. Wulff Hansen & CO. now owns 22,662 shares of the company’s stock worth $573,000 after acquiring an additional 648 shares during the period. Texas Permanent School Fund Corp boosted its holdings in shares of 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 purchasing an additional 714 shares in the last quarter. EMC Capital Management grew its position in Haverty Furniture Companies by 10.3% in the first quarter. EMC Capital Management now owns 8,064 shares of the company’s stock valued at $275,000 after acquiring an additional 750 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its position in Haverty Furniture Companies by 1.5% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 60,706 shares of the company’s stock worth $2,071,000 after purchasing an additional 907 shares in the last quarter. 80.57% of the stock is currently owned by institutional investors and hedge funds.
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.
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