Haverty Furniture Cos. (HVT) Sees Large Volume Increase
Haverty Furniture Cos. (NYSE:HVT) shares saw strong trading volume on Monday . 116,877 shares traded hands during mid-day trading, an increase of 9% from the previous session’s volume of 107,562 shares.The stock last traded at $20.49 and had previously closed at $20.44.
A number of equities research analysts recently commented on the company. Zacks Investment Research raised Haverty Furniture Cos. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. TheStreet cut Haverty Furniture Cos. from a “buy” rating to a “hold” rating in a research note on Thursday, April 21st. Finally, Raymond James Financial Inc. raised Haverty Furniture Cos. from an “outperform” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a research note on Tuesday, August 2nd.
The company has a market capitalization of $432.42 million and a price-to-earnings ratio of 17.16. The company has a 50 day moving average price of $18.49 and a 200 day moving average price of $18.93.
Haverty Furniture Cos. (NYSE:HVT) last posted its earnings results on Monday, August 1st. The company reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.05. The firm had revenue of $194.80 million for the quarter, compared to the consensus estimate of $194.80 million. During the same period in the prior year, the business earned $0.21 EPS. Haverty Furniture Cos.’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities analysts anticipate that Haverty Furniture Cos. will post $1.28 EPS for the current year.
In other Haverty Furniture Cos. news, EVP Steven G. Burdette sold 4,900 shares of Haverty Furniture Cos. stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $18.06, for a total transaction of $88,494.00. Following the transaction, the executive vice president now owns 1,493 shares of the company’s stock, valued at approximately $26,963.58. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
A hedge fund recently raised its stake in Haverty Furniture Cos. stock. New York State Common Retirement Fund boosted its stake in Haverty Furniture Cos. (NYSE:HVT) by 2.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 58,900 shares of the company’s stock after buying an additional 1,300 shares during the period. New York State Common Retirement Fund owned 0.27% of Haverty Furniture Cos. worth $1,263,000 at the end of the most recent 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.
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