Haverty Furniture Companies (NYSE:HVT) Raised to “Hold” at Zacks Research

Haverty Furniture Companies (NYSE:HVTGet Free Report) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

HVT has been the topic of several other research reports. Weiss Ratings lowered Haverty Furniture Companies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Wall Street Zen downgraded Haverty Furniture Companies from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Check Out Our Latest Analysis on HVT

Haverty Furniture Companies Stock Up 0.1%

Shares of HVT opened at $25.07 on Monday. The stock has a market capitalization of $403.42 million, a P/E ratio of 20.89, a P/E/G ratio of 1.29 and a beta of 1.18. Haverty Furniture Companies has a twelve month low of $19.53 and a twelve month high of $27.67. The company has a 50 day moving average of $23.14 and a 200-day moving average of $23.66.

Haverty Furniture Companies (NYSE:HVTGet Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. The firm had revenue of $189.05 million for the quarter, compared to analysts’ expectations of $191.99 million. Haverty Furniture Companies had a net margin of 2.64% and a return on equity of 6.60%. On average, sell-side analysts anticipate that Haverty Furniture Companies will post 1.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Haverty Furniture Companies

A number of large investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in shares of Haverty Furniture Companies by 13.8% during the first quarter. Royal Bank of Canada now owns 27,073 shares of the company’s stock worth $534,000 after buying an additional 3,293 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Haverty Furniture Companies by 30.5% in the 1st quarter. AQR Capital Management LLC now owns 162,821 shares of the company’s stock valued at $3,211,000 after purchasing an additional 38,074 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Haverty Furniture Companies by 7.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,898 shares of the company’s stock valued at $175,000 after purchasing an additional 651 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Haverty Furniture Companies by 7.4% in the 1st quarter. Empowered Funds LLC now owns 92,185 shares of the company’s stock valued at $1,818,000 after purchasing an additional 6,387 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in shares of Haverty Furniture Companies by 68.7% in the 1st quarter. Jane Street Group LLC now owns 172,099 shares of the company’s stock valued at $3,394,000 after purchasing an additional 70,060 shares during the last quarter. Institutional investors own 80.57% of the company’s stock.

Haverty Furniture Companies Company Profile

(Get Free Report)

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and home décor in the United States. Founded in 1885 by J.J. Haverty and headquartered in Atlanta, Georgia, the company offers a broad assortment of upholstered furniture, case goods, mattresses, area rugs and decorative accessories. Customers can shop through a network of company-owned showrooms as well as an e-commerce platform, supported by in-house design services, delivery options and consumer financing programs.

Over more than a century of operation, Havertys has expanded its presence primarily across the Southeast and select markets beyond.

Recommended Stories

Receive News & Ratings for Haverty Furniture Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Haverty Furniture Companies and related companies with MarketBeat.com's FREE daily email newsletter.