StockNews.com Upgrades Haverty Furniture Companies (NYSE:HVT) to “Buy”

Haverty Furniture Companies (NYSE:HVT) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Haverty Furniture Companies Stock Down 1.7 %

NYSE HVT opened at $21.24 on Wednesday. The firm has a market cap of $343.96 million, a PE ratio of 13.36, a P/E/G ratio of 1.15 and a beta of 1.44. Haverty Furniture Companies has a 52 week low of $20.37 and a 52 week high of $34.29. The business’s fifty day simple moving average is $22.09 and its 200-day simple moving average is $23.45.

Haverty Furniture Companies (NYSE:HVT) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.30. The firm had revenue of $184.35 million for the quarter, compared to analyst estimates of $179.84 million. Haverty Furniture Companies had a net margin of 3.57% and a return on equity of 8.69%. Research analysts expect that Haverty Furniture Companies will post 0.88 EPS for the current year.

Institutional Trading of Haverty Furniture Companies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Pzena Investment Management LLC raised its holdings in Haverty Furniture Companies by 33.7% in the 4th quarter. Pzena Investment Management LLC now owns 962,102 shares of the company’s stock valued at $21,416,000 after buying an additional 242,465 shares during the period. Hotchkis & Wiley Capital Management LLC grew its position in Haverty Furniture Companies by 27.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 425,940 shares of the company’s stock valued at $11,701,000 after acquiring an additional 92,600 shares in the last quarter. American Century Companies Inc. grew its position in Haverty Furniture Companies by 9.8% in the 4th quarter. American Century Companies Inc. now owns 404,318 shares of the company’s stock valued at $9,000,000 after acquiring an additional 36,086 shares in the last quarter. Jane Street Group LLC grew its position in Haverty Furniture Companies by 1,258.1% in the 3rd quarter. Jane Street Group LLC now owns 363,894 shares of the company’s stock valued at $9,996,000 after acquiring an additional 337,099 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Haverty Furniture Companies by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 326,221 shares of the company’s stock valued at $7,263,000 after acquiring an additional 5,107 shares in the last quarter. 80.57% of the stock is currently owned by hedge funds and other institutional investors.

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.