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

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

Haverty Furniture Companies Trading Down 0.2 %

Shares of NYSE HVT traded down $0.04 during trading hours on Wednesday, reaching $21.61. The stock had a trading volume of 160,650 shares, compared to its average volume of 182,975. The firm has a market cap of $349.87 million, a price-to-earnings ratio of 13.59, a PEG 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. The firm has a 50-day moving average of $22.10 and a 200-day moving average of $23.47.

Haverty Furniture Companies (NYSE:HVT) last announced its earnings results on Monday, February 24th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.30. The firm had revenue of $184.35 million during the quarter, compared to analysts’ expectations of $179.84 million. Haverty Furniture Companies had a return on equity of 8.69% and a net margin of 3.57%. On average, equities analysts predict 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 added to or reduced their stakes in HVT. Empowered Funds LLC lifted its position in Haverty Furniture Companies by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 81,645 shares of the company’s stock worth $2,243,000 after acquiring an additional 4,154 shares during the period. Quest Partners LLC acquired a new stake in Haverty Furniture Companies during the 3rd quarter worth approximately $185,000. Pzena Investment Management LLC acquired a new stake in Haverty Furniture Companies during the 3rd quarter worth approximately $19,768,000. DRW Securities LLC acquired a new stake in Haverty Furniture Companies during the 3rd quarter worth approximately $296,000. Finally, BNP Paribas Financial Markets lifted its position in Haverty Furniture Companies by 643.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 21,482 shares of the company’s stock worth $590,000 after acquiring an additional 18,591 shares during the period. 80.57% of the stock is 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.