Haverty Furniture Cos. (HVT) Sees Strong Trading Volume
Haverty Furniture Cos. (NYSE:HVT) shares saw an uptick in trading volume on Monday . 73,900 shares were traded during mid-day trading, a decline of 15% from the previous session’s volume of 87,084 shares.The stock last traded at $18.18 and had previously closed at $18.38.
Several brokerages have commented on HVT. Zacks Investment Research lowered shares of Haverty Furniture Cos. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 6th. TheStreet lowered shares of Haverty Furniture Cos. from a “buy” rating to a “hold” rating in a research note on Thursday, April 21st.
The company’s 50 day moving average is $18.24 and its 200 day moving average is $18.93. The stock has a market cap of $407.45 million and a P/E ratio of 15.85.
Haverty Furniture Cos. (NYSE:HVT) last released its earnings results on Monday, May 2nd. The company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.01. The firm earned $194.50 million during the quarter, compared to the consensus estimate of $196.30 million. During the same quarter last year, the firm earned $0.27 EPS. Haverty Furniture Cos.’s revenue for the quarter was up 1.7% on a year-over-year basis. Equities research analysts forecast that Haverty Furniture Cos. will post $1.22 EPS for the current fiscal year.
In related news, EVP Steven G. Burdette sold 4,900 shares of the business’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $18.06, for a total value of $88,494.00. Following the sale, the executive vice president now directly owns 1,493 shares in the company, valued at approximately $26,963.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
A number of large investors have recently made changes to their positions in HVT. GSA Capital Partners LLP boosted its stake in shares of Haverty Furniture Cos. by 49.1% in the fourth quarter. GSA Capital Partners LLP now owns 57,393 shares of the company’s stock worth $1,231,000 after buying an additional 18,900 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of Haverty Furniture Cos. by 2.3% in the fourth quarter. New York State Common Retirement Fund now owns 58,900 shares of the company’s stock worth $1,263,000 after buying an additional 1,300 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Haverty Furniture Cos. by 44.7% in the fourth quarter. Sei Investments Co. now owns 85,295 shares of the company’s stock worth $1,829,000 after buying an additional 26,349 shares in the last quarter. Finally, Royce & Associates LLC boosted its stake in shares of Haverty Furniture Cos. by 8.4% in the fourth quarter. Royce & Associates LLC now owns 1,613,100 shares of the company’s stock worth $34,585,000 after buying an additional 124,752 shares in the last quarter.
Haverty Furniture Companies, Inc is a specialty retailer of residential furniture and accessories. The Company sells home furnishings in its retail stores and through its Website havertys.com. The Company has over 120 stores in approximately 20 states in the southern and Midwest regions with over 4.4 million square feet retail store space.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.