Haverty Furniture Companies (NYSE:HVT) Upgraded at StockNews.com

Haverty Furniture Companies (NYSE:HVT) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Haverty Furniture Companies Trading Up 1.2 %

HVT opened at $26.04 on Thursday. Haverty Furniture Companies has a 1-year low of $23.09 and a 1-year high of $37.05. The stock’s fifty day simple moving average is $26.95 and its 200 day simple moving average is $27.68. The stock has a market cap of $422.79 million, a PE ratio of 9.47, a price-to-earnings-growth ratio of 1.46 and a beta of 1.45.

Haverty Furniture Companies (NYSE:HVT) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. Haverty Furniture Companies had a return on equity of 12.58% and a net margin of 4.91%. The business had revenue of $178.60 million for the quarter, compared to analysts’ expectations of $182.37 million. Equities analysts forecast that Haverty Furniture Companies will post 1.45 earnings per share for the current year.

Institutional Investors Weigh In On Haverty Furniture Companies

Large investors have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. increased its position in Haverty Furniture Companies by 1.5% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 60,706 shares of the company’s stock worth $2,071,000 after buying an additional 907 shares during the period. Allspring Global Investments Holdings LLC increased its position in Haverty Furniture Companies by 179.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,506 shares of the company’s stock worth $324,000 after buying an additional 6,101 shares during the period. Denali Advisors LLC increased its position in Haverty Furniture Companies by 61.1% during the 1st quarter. Denali Advisors LLC now owns 56,400 shares of the company’s stock worth $1,924,000 after buying an additional 21,400 shares during the period. BNP Paribas Financial Markets increased its position in Haverty Furniture Companies by 82.2% during the 1st quarter. BNP Paribas Financial Markets now owns 20,694 shares of the company’s stock worth $706,000 after buying an additional 9,335 shares during the period. Finally, Empowered Funds LLC increased its position in Haverty Furniture Companies by 8.2% during the 1st quarter. Empowered Funds LLC now owns 71,911 shares of the company’s stock worth $2,454,000 after buying an additional 5,425 shares during the period. Institutional investors own 80.57% 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 eclectic looks; and mattress product lines under the Tempur-Pedic, Serta, Sealy, and Stearns and Foster names.