Haverty Furniture Companies (NYSE:HVT – Get Free Report) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.
HVT has been the subject of a number of other reports. Zacks Research upgraded shares of Haverty Furniture Companies from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Haverty Furniture Companies in a research note on Tuesday, August 4th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.
Read Our Latest Stock Analysis on Haverty Furniture Companies
Haverty Furniture Companies Trading Down 0.2%
Haverty Furniture Companies (NYSE:HVT – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $194.94 million for the quarter, compared to analyst estimates of $189.19 million. Haverty Furniture Companies had a net margin of 2.93% and a return on equity of 7.15%. Equities research analysts forecast that Haverty Furniture Companies will post 1.62 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Haverty Furniture Companies by 57.0% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,721 shares of the company’s stock worth $40,000 after acquiring an additional 625 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Haverty Furniture Companies by 7.9% during 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. Hsbc Holdings PLC increased its holdings in Haverty Furniture Companies by 1.6% during the 1st quarter. Hsbc Holdings PLC now owns 46,941 shares of the company’s stock valued at $994,000 after purchasing an additional 737 shares in the last quarter. First Trust Advisors LP increased its holdings in Haverty Furniture Companies by 2.0% during the 2nd quarter. First Trust Advisors LP now owns 42,391 shares of the company’s stock valued at $863,000 after purchasing an additional 843 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Haverty Furniture Companies by 4.8% in the 1st quarter. Bank of America Corp DE now owns 26,230 shares of the company’s stock valued at $556,000 after purchasing an additional 1,195 shares during the last quarter. Institutional investors and hedge funds own 80.57% of the company’s stock.
About Haverty Furniture Companies
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.
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