Haverty Furniture Companies (NYSE:HVT) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Haverty Furniture Companies, Inc. (NYSE:HVT)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $23.22 and traded as high as $27.27. Haverty Furniture Companies shares last traded at $26.3450, with a volume of 86,268 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HVT. Zacks Research cut shares of Haverty Furniture Companies from a “hold” rating to a “strong sell” rating in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Haverty Furniture Companies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Haverty Furniture Companies in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Haverty Furniture Companies has an average rating of “Reduce”.

Haverty Furniture Companies Stock Performance

The stock has a 50 day moving average price of $25.23 and a 200 day moving average price of $23.22. The company has a market cap of $428.63 million, a P/E ratio of 23.11, a P/E/G ratio of 1.08 and a beta of 1.32.

Insider Transactions at Haverty Furniture Companies

In other Haverty Furniture Companies news, Director Rawson Haverty, Jr. sold 7,500 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $24.86, for a total value of $186,450.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 14,354 shares of company stock valued at $345,898 in the last quarter. Insiders own 8.63% of the company’s stock.

Hedge Funds Weigh In On Haverty Furniture Companies

A number of hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Haverty Furniture Companies by 7.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,898 shares of the company’s stock worth $175,000 after acquiring an additional 651 shares in the last quarter. First Trust Advisors LP lifted its holdings in Haverty Furniture Companies by 2.0% during the 2nd quarter. First Trust Advisors LP now owns 42,391 shares of the company’s stock valued at $863,000 after purchasing an additional 843 shares during the last quarter. Raymond James Financial Inc. bought a new position in Haverty Furniture Companies during the 2nd quarter valued at about $31,000. Inspire Investing LLC boosted its position in Haverty Furniture Companies by 8.9% in the second quarter. Inspire Investing LLC now owns 18,987 shares of the company’s stock valued at $386,000 after buying an additional 1,556 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in Haverty Furniture Companies during the fourth quarter worth about $45,000. 80.57% of the stock is currently owned by institutional investors and hedge funds.

About Haverty Furniture Companies

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and home décor in the United States. Founded in 1885 by J.J. Haverty and headquartered in Atlanta, Georgia, the company offers a broad assortment of upholstered furniture, case goods, mattresses, area rugs and decorative accessories. Customers can shop through a network of company-owned showrooms as well as an e-commerce platform, supported by in-house design services, delivery options and consumer financing programs.

Over more than a century of operation, Havertys has expanded its presence primarily across the Southeast and select markets beyond.