Haverty Furniture Companies, Inc. (NYSE:HVT) Receives Average Recommendation of “Strong Buy” from Analysts

Shares of Haverty Furniture Companies, Inc. (NYSE:HVT) have earned an average broker rating score of 1.33 (Strong Buy) from the three analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating and two have issued a strong buy rating on the company.

Brokers have set a one year consensus price target of $26.00 for the company and are anticipating that the company will post $0.44 EPS for the current quarter, according to Zacks. Zacks has also assigned Haverty Furniture Companies an industry rank of 223 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised Haverty Furniture Companies from a “sell” rating to a “hold” rating in a research report on Friday, October 30th.

In other news, SVP Rawson Haverty, Jr. sold 17,800 shares of Haverty Furniture Companies stock in a transaction dated Wednesday, December 2nd. The stock was sold at an average price of $24.02, for a total value of $427,556.00. Following the transaction, the senior vice president now directly owns 82,331 shares in the company, valued at $1,977,590.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder L.P. H5 sold 17,500 shares of Haverty Furniture Companies stock in a transaction dated Wednesday, December 2nd. The stock was sold at an average price of $24.02, for a total value of $420,350.00. The disclosure for this sale can be found here.

Shares of Haverty Furniture Companies (NYSE:HVT) opened at 21.44 on Monday. The firm has a market cap of $474.94 million and a price-to-earnings ratio of 59.72. Haverty Furniture Companies has a 52 week low of $20.53 and a 52 week high of $26.00. The firm’s 50-day moving average price is $22.72 and its 200-day moving average price is $22.88.

Haverty Furniture Companies (NYSE:HVT) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by $0.01. The company earned $209.92 million during the quarter, compared to analysts’ expectations of $210.97 million. During the same period last year, the firm posted $0.34 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. Equities research analysts expect that Haverty Furniture Companies will post $1.25 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 11th. Investors of record on Wednesday, November 25th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, November 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.87%.

12 Month Chart for NYSE:HVT

Haverty Furniture Companies, Inc. is a specialty retailer of residential furniture and accessories. The Company operates its business through the home furnishings retailing segment. The Company offers financing through an internal revolving charge credit plan as well as a third-party finance company. Its customers are college educated women in middle to upper-middle income households. The Company operates approximately 119 stores serving 80 cities in 16 states with approximately 4.3 million retail square feet. The stores carry mattress product lines, such as Sealy, Serta, Stearns & Foster and Tempur-Pedic. All of its retail locations are operated using the Haverty name.

Get a free copy of the Zacks research report on Haverty Furniture Companies (HVT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

 

Latest News

Oracle Buying Textura at a Price of $663 Million
Oracle Buying Textura at a Price of $663 Million
AB InBev Offering More Assets of SABMiller in Europe to Win EU Approval
AB InBev Offering More Assets of SABMiller in Europe to Win EU Approval
Verizon Working With Authorities On Sabotage Incidents
Verizon Working With Authorities On Sabotage Incidents
UPS Profit Increases During First Quarter by 10%
UPS Profit Increases During First Quarter by 10%
Consumers Buying Fewer Apple Products, Sales Slump Worldwide
Consumers Buying Fewer Apple Products, Sales Slump Worldwide
Boeing Profit Drops on Lag in Commercial Deliveries
Boeing Profit Drops on Lag in Commercial Deliveries


Leave a Reply

 
© 2006-2017 The Vista Voice. Subscribe