Haverty Furniture Companies (NYSE:HVT) Stock Rating Lowered by StockNews.com

Haverty Furniture Companies (NYSE:HVT) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

Separately, Benchmark restated a “buy” rating and issued a $45.00 price objective on shares of Haverty Furniture Companies in a report on Thursday, May 2nd.

Haverty Furniture Companies Stock Up 2.4 %

Shares of HVT opened at $27.59 on Wednesday. The firm has a market capitalization of $448.06 million, a PE ratio of 10.03, a P/E/G ratio of 1.51 and a beta of 1.43. The firm has a 50-day moving average price of $28.97 and a 200 day moving average price of $32.21. Haverty Furniture Companies has a 52-week low of $25.14 and a 52-week high of $37.05.

Haverty Furniture Companies (NYSE:HVT) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.19). Haverty Furniture Companies had a net margin of 5.64% and a return on equity of 14.98%. The company had revenue of $184.00 million during the quarter, compared to the consensus estimate of $192.70 million. On average, equities analysts expect that Haverty Furniture Companies will post 1.5 EPS for the current year.

Institutional Trading of Haverty Furniture Companies

A number of large investors have recently added to or reduced their stakes in HVT. AJOVista LLC acquired a new stake in shares of Haverty Furniture Companies during the 4th quarter valued at $71,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Haverty Furniture Companies by 62.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,511 shares of the company’s stock valued at $160,000 after purchasing an additional 1,740 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in Haverty Furniture Companies in the 1st quarter worth about $206,000. Vision Capital Management Inc. acquired a new stake in Haverty Furniture Companies during the 4th quarter worth about $213,000. Finally, Yousif Capital Management LLC purchased a new stake in Haverty Furniture Companies during the fourth quarter valued at about $235,000. 80.57% of the stock is currently owned by institutional investors.

About Haverty Furniture Companies

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.