Haverty Furniture Cos. Downgraded to Underperform at Zacks (HVT)
Haverty Furniture Cos. (NYSE:HVT) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Tuesday, Stock Ratings Network reports. They currently have a $25.10 price objective on the stock. Zacks‘s target price would indicate a potential downside of 5.07% from the company’s current price.
Separately, analysts at Raymond James cut their price target on shares of Haverty Furniture Cos. from $33.00 to $30.00 in a research note on Wednesday, April 9th.
Shares of Haverty Furniture Cos. (NYSE:HVT) traded down 2.16% during mid-day trading on Tuesday, hitting $25.87. 76,754 shares of the company’s stock traded hands. Haverty Furniture Cos. has a 1-year low of $21.09 and a 1-year high of $31.67. The stock has a 50-day moving average of $27.41 and a 200-day moving average of $28.15. The company has a market cap of $582.4 million and a P/E ratio of 20.08.
Haverty Furniture Cos. (NYSE:HVT) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.02. The company had revenue of $181.74 million for the quarter, compared to the consensus estimate of $181.40 million. The company’s quarterly revenue was down 2.3% on a year-over-year basis. Analysts expect that Haverty Furniture Cos. will post $1.38 EPS for the current fiscal year.
Haverty Furniture Companies, Inc (NYSE:HVT) is a specialty retailer of residential furniture and accessories.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.