Haverty Furniture Cos. (NYSE:HVT) – Equities research analysts at KeyCorp decreased their Q3 2016 EPS estimates for Haverty Furniture Cos. in a research note issued on Friday. KeyCorp analyst B. Thomas now anticipates that the firm will post earnings of $0.36 per share for the quarter, down from their previous forecast of $0.40.

Haverty Furniture Cos. (NYSE:HVT) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.05. Haverty Furniture Cos. had a net margin of 3.30% and a return on equity of 9.05%. The company had revenue of $194.80 million for the quarter, compared to the consensus estimate of $194.80 million. During the same quarter in the prior year, the company earned $0.21 EPS. Haverty Furniture Cos.’s quarterly revenue was up 3.8% on a year-over-year basis.

Other equities analysts also recently issued reports about the company. Zacks Investment Research raised Haverty Furniture Cos. from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Tuesday, August 16th. Raymond James Financial Inc. raised Haverty Furniture Cos. from an “outperform” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a research report on Tuesday, August 2nd.

Shares of Haverty Furniture Cos. (NYSE:HVT) opened at 19.76 on Monday. The firm has a market cap of $417.02 million, a PE ratio of 16.55 and a beta of 0.81. Haverty Furniture Cos. has a 52 week low of $16.65 and a 52 week high of $24.54. The stock’s 50 day moving average is $19.95 and its 200-day moving average is $19.16.

In related news, Chairman Clarence H. Smith sold 10,510 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $20.52, for a total transaction of $215,665.20. Following the completion of the sale, the chairman now owns 56,088 shares in the company, valued at $1,150,925.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 10.51% of the company’s stock.

A number of large investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its stake in Haverty Furniture Cos. by 107.2% in the second quarter. BNP Paribas Arbitrage SA now owns 6,187 shares of the company’s stock valued at $112,000 after buying an additional 3,201 shares during the last quarter. Bank of Montreal Can acquired a new stake in Haverty Furniture Cos. during the second quarter valued at $164,000. BlackRock Inc. boosted its stake in Haverty Furniture Cos. by 696.2% in the second quarter. BlackRock Inc. now owns 9,961 shares of the company’s stock valued at $180,000 after buying an additional 8,710 shares during the last quarter. Arizona State Retirement System boosted its stake in Haverty Furniture Cos. by 1.9% in the second quarter. Arizona State Retirement System now owns 10,475 shares of the company’s stock valued at $189,000 after buying an additional 200 shares during the last quarter. Finally, Springbok Capital Management LLC boosted its stake in Haverty Furniture Cos. by 15.6% in the first quarter. Springbok Capital Management LLC now owns 12,600 shares of the company’s stock valued at $267,000 after buying an additional 1,700 shares during the last quarter. Hedge funds and other institutional investors own 70.32% of the company’s stock.

Haverty Furniture Cos. Company Profile

Haverty Furniture Companies, Inc is a specialty retailer of residential furniture and accessories. The Company sells home furnishings in its retail stores and through its Website havertys.com. The Company has over 120 stores in approximately 20 states in the southern and Midwest regions with over 4.4 million square feet retail store space.

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