Haverty Furniture Companies, Inc. (NYSE:HVT) – Research analysts at KeyCorp boosted their FY2017 earnings per share (EPS) estimates for shares of Haverty Furniture Companies in a research report issued on Wednesday. KeyCorp analyst B. Thomas now forecasts that the company will earn $1.20 per share for the year, up from their prior forecast of $1.12. KeyCorp also issued estimates for Haverty Furniture Companies’ Q4 2017 earnings at $0.36 EPS and FY2018 earnings at $1.28 EPS.

Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The firm had revenue of $207.60 million during the quarter, compared to analysts’ expectations of $215.32 million. Haverty Furniture Companies had a net margin of 3.53% and a return on equity of 10.10%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 earnings per share.

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Separately, Zacks Investment Research upgraded shares of Haverty Furniture Companies from a “hold” rating to a “strong-buy” rating and set a $31.00 price target for the company in a research note on Wednesday, October 4th.

Shares of Haverty Furniture Companies (NYSE:HVT) opened at $24.50 on Monday. The company has a market cap of $519.84, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 4.59 and a beta of 1.11. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.17 and a quick ratio of 1.16. Haverty Furniture Companies has a 12 month low of $19.10 and a 12 month high of $27.23.

In other Haverty Furniture Companies news, insider Rawson Haverty, Jr. sold 1,391 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $23.83, for a total value of $33,147.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 10.31% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its stake in shares of Haverty Furniture Companies by 2.6% during the 2nd quarter. Renaissance Technologies LLC now owns 1,437,300 shares of the company’s stock worth $36,076,000 after buying an additional 36,200 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Haverty Furniture Companies by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 966,372 shares of the company’s stock worth $24,256,000 after buying an additional 32,256 shares during the last quarter. State Street Corp lifted its stake in shares of Haverty Furniture Companies by 1.8% during the 2nd quarter. State Street Corp now owns 477,841 shares of the company’s stock worth $12,002,000 after buying an additional 8,400 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Haverty Furniture Companies by 1.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 324,218 shares of the company’s stock worth $8,137,000 after buying an additional 5,488 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Haverty Furniture Companies by 2.5% during the 2nd quarter. Principal Financial Group Inc. now owns 150,454 shares of the company’s stock worth $3,776,000 after buying an additional 3,729 shares during the last quarter. Institutional investors own 79.21% of the company’s stock.

Haverty Furniture Companies Company Profile

Haverty Furniture Companies, Inc is a retailer of residential furniture and accessories. The Company sells home furnishings in its retail stores and through its Website, havertys.com. As of December 31, 2016, the Company had 124 stores in 16 states in the Southern and Midwest regions. As of December 31, 2016, the Company’s retail store space totaled approximately 4.5 million square feet for 124 stores.

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