Haverty Furniture Companies (NYSE:HVT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Haverty Furniture Companies (NYSE:HVT) from a buy rating to a strong-buy rating in a report issued on Saturday.

HVT has been the topic of a number of other research reports. Zacks Research downgraded Haverty Furniture Companies from a “hold” rating to a “strong sell” rating in a research report on Monday, December 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Haverty Furniture Companies in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Haverty Furniture Companies Stock Performance

Shares of Haverty Furniture Companies stock opened at $25.98 on Friday. The firm has a 50-day simple moving average of $25.35 and a two-hundred day simple moving average of $23.33. Haverty Furniture Companies has a fifty-two week low of $17.01 and a fifty-two week high of $27.67. The company has a market cap of $422.63 million, a P/E ratio of 22.79, a price-to-earnings-growth ratio of 1.03 and a beta of 1.32.

Insider Activity at Haverty Furniture Companies

In other Haverty Furniture Companies news, Director Rawson Haverty, Jr. sold 7,500 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $24.86, for a total transaction of $186,450.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 14,354 shares of company stock worth $345,898 over the last ninety days. 8.63% of the stock is owned by corporate insiders.

Institutional Trading of Haverty Furniture Companies

Several large investors have recently made changes to their positions in the company. Hodges Capital Management Inc. acquired a new position in Haverty Furniture Companies in the 4th quarter valued at $4,948,000. Tectonic Advisors LLC acquired a new stake in shares of Haverty Furniture Companies in the fourth quarter valued at about $1,990,000. Jane Street Group LLC raised its position in shares of Haverty Furniture Companies by 68.7% in the first quarter. Jane Street Group LLC now owns 172,099 shares of the company’s stock valued at $3,394,000 after buying an additional 70,060 shares during the last quarter. Man Group plc purchased a new position in shares of Haverty Furniture Companies in the third quarter worth about $1,425,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Haverty Furniture Companies by 21.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 371,843 shares of the company’s stock worth $8,686,000 after acquiring an additional 64,614 shares during the last quarter. 80.57% of the stock is currently owned by hedge funds and other institutional investors.

Haverty Furniture Companies Company Profile

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.