Haverty Furniture Companies (NYSE:HVT.A) Shares Gap Up – Still a Buy?

Haverty Furniture Companies, Inc. (NYSE:HVT.A) shares gapped up before the market opened on Thursday . The stock had previously closed at $28.05, but opened at $31.20. Haverty Furniture Companies shares last traded at $31.88, with a volume of 808 shares changing hands.

Haverty Furniture Companies Stock Performance

The firm has a market cap of $485.92 million, a P/E ratio of 25.17 and a beta of 0.80. The business’s fifty day simple moving average is $27.01 and its 200-day simple moving average is $25.67.

Haverty Furniture Companies (NYSE:HVT.A) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter. The firm had revenue of $189.05 million during the quarter.

Haverty Furniture Companies Company Profile

Haverty Furniture Companies, Inc is a publicly traded real estate investment trust specializing in owning and managing retail and distribution properties for the furniture industry. Established in 2019 as a spin-off from Havertys Furniture Stores, Inc, the company’s portfolio consists of strategically located facilities—including showroom locations and distribution centers—leased primarily to its former parent under long-term, net lease agreements. By focusing on single-tenant commercial real estate tailored to furniture retailing and logistics, Haverty Furniture Companies aims to deliver stable, predictable rental income and to support the growth of its tenant’s national retail network.

At the time of its formation, Haverty Furniture Companies acquired a mix of properties encompassing corporate distribution centers, regional distribution hubs and retail showrooms across several key markets in the Southeastern and Southwestern United States.