Sidoti Upgrades Haverty Furniture Cos. to Buy (HVT)
Haverty Furniture Cos. (NYSE:HVT) was upgraded by Sidoti to a “buy” rating in a research note issued on Thursday, Analyst Ratings Network reports.
Shares of Haverty Furniture Cos. (NYSE:HVT) traded down 1.34% on Thursday, hitting $22.10. The stock had a trading volume of 215,881 shares. Haverty Furniture Cos. has a one year low of $13.24 and a one year high of $27.85. The stock has a 50-day moving average of $25.48 and a 200-day moving average of $23.48. The company has a market cap of $497.2 million and a price-to-earnings ratio of 21.75.
Haverty Furniture Cos. (NYSE:HVT) last released its earnings data on Wednesday, July 31st. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.16 by $0.04. The company had revenue of $171.10 million for the quarter, compared to the consensus estimate of $172.45 million. Haverty Furniture Cos.’s revenue was up 12.9% compared to the same quarter last year. On average, analysts predict that Haverty Furniture Cos. will post $1.26 earnings per share for the current fiscal year.
HVT has been the subject of a number of other recent research reports. Analysts at Thomson Reuters/Verus downgraded shares of Haverty Furniture Cos. (NYSE:HVT) from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 26th. Separately, analysts at Raymond James raised their price target on shares of Haverty Furniture Cos. (NYSE:HVT) from $27.00 to $29.00 in a research note to investors on Friday, August 2nd. Finally, analysts at Zacks upgraded shares of Haverty Furniture Cos. (NYSE:HVT) from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, July 31st. They now have a $28.60 price target on the stock.
One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $29.20.
In other Haverty Furniture Cos. news, CEO Clarence H. Smith sold 8,916 shares of the company’s stock on the open market in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $23.13, for a total transaction of $206,227.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Haverty Furniture Companies, Inc (NYSE:HVT) is a specialty retailer of residential furniture and accessories.
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