Brokerages predict that Haverty Furniture Companies, Inc. (NYSE:HVT) will announce sales of $215.00 million for the current quarter, according to Zacks. Two analysts have made estimates for Haverty Furniture Companies’ earnings. Haverty Furniture Companies posted sales of $220.60 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.5%. The company is expected to issue its next quarterly earnings report on Tuesday, February 20th.
On average, analysts expect that Haverty Furniture Companies will report full year sales of $215.00 million for the current financial year. For the next financial year, analysts expect that the company will post sales of $842.25 million per share, with estimates ranging from $840.40 million to $844.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Haverty Furniture Companies.
Haverty Furniture Companies (NYSE:HVT) last released its quarterly earnings results on Tuesday, October 31st. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The company had revenue of $207.60 million for the quarter, compared to analyst estimates of $215.32 million. Haverty Furniture Companies had a net margin of 3.53% and a return on equity of 10.10%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the business earned $0.34 earnings per share.
Shares of Haverty Furniture Companies (NYSE:HVT) opened at $23.25 on Wednesday. The company has a market cap of $508.20, a price-to-earnings ratio of 17.10, a P/E/G ratio of 3.63 and a beta of 1.13. The company has a current ratio of 2.17, a quick ratio of 1.16 and a debt-to-equity ratio of 0.18. Haverty Furniture Companies has a 52-week low of $21.05 and a 52-week high of $27.23.
In related news, Director Fred L. Schuermann sold 1,950 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $23.15, for a total transaction of $45,142.50. Following the sale, the director now owns 3 shares in the company, valued at $69.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Rawson Haverty, Jr. sold 23,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $23.30, for a total transaction of $535,900.00. Following the sale, the insider now owns 82,331 shares in the company, valued at approximately $1,918,312.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,871 shares of company stock worth $769,483. 10.31% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in HVT. Russell Investments Group Ltd. grew its position in Haverty Furniture Companies by 20.8% during the second quarter. Russell Investments Group Ltd. now owns 6,764 shares of the company’s stock valued at $169,000 after buying an additional 1,164 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Haverty Furniture Companies by 23.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 108,485 shares of the company’s stock valued at $2,723,000 after purchasing an additional 20,882 shares in the last quarter. SG Americas Securities LLC purchased a new position in Haverty Furniture Companies during the second quarter valued at $103,000. Bank of New York Mellon Corp lifted its holdings in Haverty Furniture Companies by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 324,218 shares of the company’s stock valued at $8,137,000 after purchasing an additional 5,488 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in Haverty Furniture Companies by 6.3% during the second quarter. Legal & General Group Plc now owns 35,320 shares of the company’s stock valued at $885,000 after purchasing an additional 2,097 shares in the last quarter. Institutional investors own 80.64% of the company’s stock.
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About Haverty Furniture Companies
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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