Wall Street brokerages predict that Haverty Furniture Companies, Inc. (NYSE:HVT) will report sales of $211.15 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Haverty Furniture Companies’ earnings. The lowest sales estimate is $208.40 million and the highest is $213.90 million. Haverty Furniture Companies posted sales of $207.65 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.7%. The business is scheduled to issue its next earnings results on Tuesday, October 30th.
On average, analysts expect that Haverty Furniture Companies will report full-year sales of $825.80 million for the current year, with estimates ranging from $822.40 million to $829.20 million. For the next fiscal year, analysts expect that the business will post sales of $838.00 million, with estimates ranging from $833.40 million to $842.60 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Haverty Furniture Companies.
Haverty Furniture Companies (NYSE:HVT) last issued its earnings results on Tuesday, July 31st. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.03. The business had revenue of $198.78 million for the quarter, compared to analyst estimates of $195.55 million. Haverty Furniture Companies had a return on equity of 9.29% and a net margin of 2.61%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the company posted $0.29 EPS.
Several research analysts have commented on the company. TheStreet raised Haverty Furniture Companies from a “c+” rating to a “b” rating in a research report on Thursday, August 23rd. Zacks Investment Research raised Haverty Furniture Companies from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Tuesday, August 7th. Finally, ValuEngine lowered Haverty Furniture Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th.
NYSE:HVT traded up $0.68 during mid-day trading on Monday, hitting $21.25. The company had a trading volume of 83,000 shares, compared to its average volume of 109,762. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.29 and a quick ratio of 1.12. Haverty Furniture Companies has a 1 year low of $17.70 and a 1 year high of $25.35. The firm has a market capitalization of $463.37 million, a PE ratio of 16.65 and a beta of 0.85.
In related news, Director G. Thomas Hough acquired 2,000 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were bought at an average cost of $21.50 per share, with a total value of $43,000.00. Following the completion of the transaction, the director now directly owns 1,883 shares of the company’s stock, valued at approximately $40,484.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.05% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Barclays PLC raised its position in Haverty Furniture Companies by 66.8% in the first quarter. Barclays PLC now owns 7,433 shares of the company’s stock valued at $150,000 after purchasing an additional 2,976 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Haverty Furniture Companies during the second quarter valued at about $166,000. Citigroup Inc. grew its stake in shares of Haverty Furniture Companies by 51.8% during the first quarter. Citigroup Inc. now owns 8,469 shares of the company’s stock valued at $171,000 after acquiring an additional 2,890 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of Haverty Furniture Companies during the first quarter valued at about $344,000. Finally, A.R.T. Advisors LLC acquired a new stake in shares of Haverty Furniture Companies during the first quarter valued at about $399,000. 80.80% of the stock is currently owned by institutional investors.
Haverty Furniture Companies Company Profile
Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and accessories in the United States. The company offers furniture merchandise under the Havertys brand name. It also provides custom upholstery products, as well as mattress product lines under the Sealy, Tempur-Pedic, Serta, Stearns & Foster, and Beautyrest Black names.
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