The Haverty Furniture Cos. (HVT) gets Market Perform status at Raymond James Financial Inc.

The Haverty Furniture Cos. (HVT) gets Market Perform status at Raymond James Financial Inc.

Raymond James Financial Inc. cut shares of Haverty Furniture Cos. (NYSE:HVT) from a strong-buy rating to a market perform rating in a report released on Monday morning.

Separately, Zacks Investment Research lowered shares of Haverty Furniture Cos. from a buy rating to a hold rating in a report on Wednesday, October 5th.

Shares of Haverty Furniture Cos. (NYSE:HVT) opened at 17.55 on Monday. The stock has a 50 day moving average of $19.63 and a 200-day moving average of $19.09. The company has a market capitalization of $370.38 million, a price-to-earnings ratio of 14.70 and a beta of 0.81. Haverty Furniture Cos. has a one year low of $16.57 and a one year high of $24.54.

Haverty Furniture Cos. (NYSE:HVT) last issued its quarterly earnings data on Monday, August 1st. The company reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.05. Haverty Furniture Cos. had a net margin of 3.30% and a return on equity of 9.05%. The firm had revenue of $194.80 million for the quarter, compared to analysts’ expectations of $194.80 million. During the same quarter in the prior year, the business earned $0.21 EPS. The business’s quarterly revenue was up 3.8% on a year-over-year basis. On average, equities analysts expect that Haverty Furniture Cos. will post $1.28 earnings per share for the current year.

In related news, Chairman Clarence H. Smith sold 10,510 shares of the stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $20.52, for a total value of $215,665.20. Following the completion of the sale, the chairman now directly owns 56,088 shares of the company’s stock, valued at approximately $1,150,925.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.51% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in HVT. BNP Paribas Arbitrage SA raised its stake in Haverty Furniture Cos. by 107.2% in the second quarter. BNP Paribas Arbitrage SA now owns 6,187 shares of the company’s stock valued at $112,000 after buying an additional 3,201 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Haverty Furniture Cos. during the second quarter worth about $164,000. BlackRock Inc. raised its stake in shares of Haverty Furniture Cos. by 696.2% in the second quarter. BlackRock Inc. now owns 9,961 shares of the company’s stock worth $180,000 after buying an additional 8,710 shares during the period. Arizona State Retirement System raised its stake in shares of Haverty Furniture Cos. by 1.9% in the second quarter. Arizona State Retirement System now owns 10,475 shares of the company’s stock worth $189,000 after buying an additional 200 shares during the period. Finally, Springbok Capital Management LLC raised its stake in shares of Haverty Furniture Cos. by 15.6% in the first quarter. Springbok Capital Management LLC now owns 12,600 shares of the company’s stock worth $267,000 after buying an additional 1,700 shares during the period. 70.32% of the stock is owned by institutional investors.

Haverty Furniture Cos. Company Profile

Related posts

Leave a Comment