Haverty Furniture Companies, Inc. (NYSE:HVT) – Research analysts at KeyCorp increased their FY2020 EPS estimates for shares of Haverty Furniture Companies in a research note issued on Wednesday, October 7th. KeyCorp analyst B. Thomas now expects that the company will post earnings per share of $0.96 for the year, up from their previous forecast of $0.90. KeyCorp also issued estimates for Haverty Furniture Companies’ Q4 2020 earnings at $0.80 EPS and FY2021 earnings at $1.20 EPS.
Several other research firms also recently issued reports on HVT. ValuEngine raised Haverty Furniture Companies from a “hold” rating to a “buy” rating in a research note on Thursday, August 6th. TheStreet raised shares of Haverty Furniture Companies from a “c+” rating to a “b-” rating in a research report on Tuesday, September 8th. Sidoti upgraded Haverty Furniture Companies from a “neutral” rating to a “buy” rating in a report on Wednesday. Finally, Zacks Investment Research upgraded Haverty Furniture Companies from a “strong sell” rating to a “hold” rating in a research note on Friday, August 14th.
HVT opened at $24.02 on Friday. The stock has a market capitalization of $452.01 million, a price-to-earnings ratio of 16.80 and a beta of 1.69. Haverty Furniture Companies has a twelve month low of $9.81 and a twelve month high of $24.76. The company has a 50-day simple moving average of $21.59 and a 200 day simple moving average of $16.39.
Haverty Furniture Companies (NYSE:HVT) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.52) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.49) by ($0.03). Haverty Furniture Companies had a net margin of 3.88% and a return on equity of 1.53%. The company had revenue of $109.97 million during the quarter, compared to analyst estimates of $110.00 million.
In other news, VP Steven G. Burdette sold 3,500 shares of Haverty Furniture Companies stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $22.50, for a total transaction of $78,750.00. Following the completion of the sale, the vice president now owns 4,693 shares in the company, valued at approximately $105,592.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 7.99% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can lifted its position in Haverty Furniture Companies by 198.3% in the second quarter. Bank of Montreal Can now owns 1,954 shares of the company’s stock valued at $29,000 after purchasing an additional 1,299 shares during the last quarter. SG Americas Securities LLC bought a new stake in Haverty Furniture Companies in the second quarter valued at approximately $149,000. Trexquant Investment LP purchased a new position in shares of Haverty Furniture Companies during the second quarter valued at approximately $183,000. First Citizens Bank & Trust Co. increased its stake in shares of Haverty Furniture Companies by 16.8% during the second quarter. First Citizens Bank & Trust Co. now owns 12,433 shares of the company’s stock valued at $199,000 after buying an additional 1,788 shares during the period. Finally, Cutter & CO Brokerage Inc. purchased a new position in shares of Haverty Furniture Companies during the second quarter valued at approximately $219,000. Institutional investors own 87.84% of the company’s stock.
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 mattress product lines under the Sealy, Tempur-Pedic, Serta, Stearns & Foster, Beautyrest Black, and Scott Living names, as well as private label Skye name.
Further Reading: Asset Allocation
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