Haverty Furniture Companies, Inc. Expected to Post FY2018 Earnings of $1.47 Per Share (HVT)

Haverty Furniture Companies, Inc. (NYSE:HVT) – Equities researchers at KeyCorp issued their FY2018 EPS estimates for shares of Haverty Furniture Companies in a research report issued to clients and investors on Monday. KeyCorp analyst B. Thomas anticipates that the company will post earnings of $1.47 per share for the year.

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

Shares of Haverty Furniture Companies (HVT) traded up $0.35 on Thursday, reaching $23.95. The company had a trading volume of 82,177 shares, compared to its average volume of 116,132. The company has a market cap of $508.32, a P/E ratio of 18.28, a P/E/G ratio of 3.91 and a beta of 1.13. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.16 and a current ratio of 2.17. Haverty Furniture Companies has a 52-week low of $21.05 and a 52-week high of $27.23.

Haverty Furniture Companies (NYSE:HVT) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.04. The firm had revenue of $207.60 million during the quarter, compared to the consensus estimate of $215.32 million. Haverty Furniture Companies had a return on equity of 10.10% and a net margin of 3.53%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.34 EPS.

Several large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its stake in shares of Haverty Furniture Companies by 3,058.2% in the third quarter. Public Employees Retirement System of Ohio now owns 22,676 shares of the company’s stock worth $593,000 after purchasing an additional 21,958 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Haverty Furniture Companies by 5.7% in the third quarter. California Public Employees Retirement System now owns 97,058 shares of the company’s stock worth $2,538,000 after purchasing an additional 5,258 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Haverty Furniture Companies by 27.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 138,362 shares of the company’s stock worth $3,619,000 after purchasing an additional 29,877 shares in the last quarter. Citadel Advisors LLC grew its stake in shares of Haverty Furniture Companies by 154.0% in the third quarter. Citadel Advisors LLC now owns 29,147 shares of the company’s stock worth $762,000 after purchasing an additional 17,672 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Haverty Furniture Companies in the third quarter worth $290,000. 80.64% of the stock is owned by institutional investors.

In other news, major shareholder Pine Hill Associates, Llc sold 7,921 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $23.79, for a total value of $188,440.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Fred L. Schuermann sold 1,950 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $23.15, for a total value of $45,142.50. Following the completion of the transaction, the director now directly owns 3 shares of the company’s stock, valued at approximately $69.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,871 shares of company stock valued at $769,483. 10.31% of the stock is owned by company insiders.

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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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