Haverty Furniture Cos. Inc. Reaches New 12-Month High at $29.00 (HVT)
Haverty Furniture Cos. (NYSE:HVT)’s share price reached a new 52-week high during trading hours on Thursday, American Banking News.com reports. The company traded as high as $29.00 and last traded at $27.87, with a volume of 243,032 shares traded. The stock had previously closed at $25.36.
A number of analysts have recently weighed in on HVT shares. Analysts at Zacks downgraded shares of Haverty Furniture Cos. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 1st. They now have a $26.90 price target on the stock. Separately, analysts at Sidoti upgraded shares of Haverty Furniture Cos. from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, September 12th. Finally, analysts at Thomson Reuters/Verus downgraded shares of Haverty Furniture Cos. from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 26th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Haverty Furniture Cos. presently has an average rating of “Buy” and an average price target of $28.63.
Haverty Furniture Cos. has a one year low of $13.24 and a one year high of $27.85. The stock’s 50-day moving average is $24.65 and its 200-day moving average is $24.66. The company has a market cap of $625.6 million and a P/E ratio of 24.62.
Haverty Furniture Cos. (NYSE:HVT) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.42 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.09. The company had revenue of $192.70 million for the quarter, compared to the consensus estimate of $186.91 million. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, analysts predict that Haverty Furniture Cos. will post $1.25 earnings per share for the current fiscal year.
Haverty Furniture Companies, Inc (NYSE:HVT) is a specialty retailer of residential furniture and accessories.
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