Haverty Furniture Companies ( – ) was downgraded by equities researchers at from a “buy” rating to a “hold” rating in a research note issued on Thursday.
Separately, Benchmark restated a “buy” rating and issued a $45.00 price target on shares of Haverty Furniture Companies in a research note on Thursday, May 2nd.
Haverty Furniture Companies Price Performance
Shares of traded down $0.70 during mid-day trading on Thursday, hitting $26.75. The company had a trading volume of 133,422 shares, compared to its average volume of 103,761. The company has a market capitalization of $434.42 million, a PE ratio of 9.73, a price-to-earnings-growth ratio of 1.53 and a beta of 1.42. Haverty Furniture Companies has a 1-year low of $25.14 and a 1-year high of $37.05. The business’s 50-day simple moving average is $30.03 and its 200 day simple moving average is $32.52.
Haverty Furniture Companies ( – ) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.19). Haverty Furniture Companies had a net margin of 5.64% and a return on equity of 14.98%. The business had revenue of $184.00 million during the quarter, compared to analyst estimates of $192.70 million. On average, analysts expect that Haverty Furniture Companies will post 1.5 EPS for the current year.
Hedge Funds Weigh In On Haverty Furniture Companies
Several hedge funds have recently made changes to their positions in the company. Barclays PLC grew its holdings in shares of Haverty Furniture Companies by 40.1% during the third quarter. Barclays PLC now owns 15,337 shares of the company’s stock worth $441,000 after buying an additional 4,387 shares during the last quarter. Swiss National Bank grew its holdings in shares of Haverty Furniture Companies by 2.1% during the third quarter. Swiss National Bank now owns 29,700 shares of the company’s stock worth $855,000 after buying an additional 600 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Haverty Furniture Companies by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 299,501 shares of the company’s stock worth $8,620,000 after buying an additional 7,620 shares during the last quarter. EMC Capital Management grew its holdings in shares of Haverty Furniture Companies by 60.6% during the third quarter. EMC Capital Management now owns 7,314 shares of the company’s stock worth $210,000 after buying an additional 2,759 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Haverty Furniture Companies by 58.6% during the third quarter. Rhumbline Advisers now owns 114,258 shares of the company’s stock worth $3,288,000 after buying an additional 42,198 shares during the last quarter. Hedge funds and other institutional investors own 80.57% of the company’s stock.
About Haverty Furniture Companies
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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.
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