Haverty Furniture Companies (NYSE:HVT) Downgraded to Hold at StockNews.com

Haverty Furniture Companies (NYSE:HVT) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

Haverty Furniture Companies Trading Down 2.5 %

Shares of HVT stock traded down $0.66 during mid-day trading on Wednesday, reaching $25.32. The stock had a trading volume of 174,532 shares, compared to its average volume of 183,174. Haverty Furniture Companies has a 12-month low of $23.09 and a 12-month high of $37.05. The company has a market cap of $411.10 million, a P/E ratio of 9.21, a price-to-earnings-growth ratio of 1.51 and a beta of 1.45. The business has a 50-day simple moving average of $27.21 and a 200 day simple moving average of $27.94.

Haverty Furniture Companies (NYSE:HVT) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. The business had revenue of $178.60 million for the quarter, compared to analyst estimates of $182.37 million. Haverty Furniture Companies had a return on equity of 12.58% and a net margin of 4.91%. Research analysts anticipate that Haverty Furniture Companies will post 1.51 EPS for the current year.

Institutional Trading of Haverty Furniture Companies

A number of large investors have recently made changes to their positions in HVT. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Haverty Furniture Companies by 22.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,545 shares of the company’s stock valued at $140,000 after acquiring an additional 1,034 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Haverty Furniture Companies by 79.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 7,772 shares of the company’s stock worth $197,000 after buying an additional 3,451 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in Haverty Furniture Companies in the 1st quarter worth about $206,000. EMC Capital Management boosted its stake in Haverty Furniture Companies by 10.3% in the 1st quarter. EMC Capital Management now owns 8,064 shares of the company’s stock worth $275,000 after buying an additional 750 shares during the last quarter. Finally, Texas Permanent School Fund Corp boosted its stake in Haverty Furniture Companies by 6.1% in the 2nd quarter. Texas Permanent School Fund Corp now owns 12,388 shares of the company’s stock worth $313,000 after buying an additional 714 shares during the last quarter. Institutional investors and hedge funds own 80.57% of the company’s stock.

About Haverty Furniture Companies

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and accessories in the United States. The company offers furniture merchandise under the Havertys brand name. It also provides custom upholstery products and eclectic looks; and mattress product lines under the Tempur-Pedic, Serta, Sealy, and Stearns and Foster names.