TheStreet upgraded shares of Haverty Furniture Cos. (NYSE:HVT) from a hold rating to a buy rating in a research note published on Friday.

Several other equities analysts have also issued reports on HVT. Raymond James Financial Inc. raised shares of Haverty Furniture Cos. from an outperform rating to a strong-buy rating and set a $23.00 price target for the company in a report on Tuesday, August 2nd. Zacks Investment Research raised shares of Haverty Furniture Cos. from a sell rating to a hold rating in a report on Wednesday, August 3rd.

Shares of Haverty Furniture Cos. (NYSE:HVT) traded down 1.14% during mid-day trading on Friday, hitting $21.60. The company had a trading volume of 80,586 shares. Haverty Furniture Cos. has a one year low of $16.57 and a one year high of $24.31. The firm’s 50-day moving average price is $19.58 and its 200 day moving average price is $19.23. The company has a market capitalization of $455.85 million, a P/E ratio of 17.93 and a beta of 0.74.

Haverty Furniture Cos. (NYSE:HVT) last announced its quarterly earnings results on Monday, October 31st. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. Haverty Furniture Cos. had a net margin of 3.26% and a return on equity of 8.95%. The company earned $211.70 million during the quarter, compared to analyst estimates of $211.70 million. During the same quarter in the previous year, the business earned $0.34 EPS. The firm’s revenue was up .9% on a year-over-year basis. Analysts predict that Haverty Furniture Cos. will post $1.23 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Haverty Furniture Cos. (HVT) Upgraded to Buy by TheStreet” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another website, it was stolen and republished in violation of US & international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2016/11/29/haverty-furniture-cos-hvt-upgraded-to-buy-by-thestreet.html.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Wednesday, November 23rd will be given a $1.00 dividend. This is a boost from Haverty Furniture Cos.’s previous quarterly dividend of $0.12. This represents a $4.00 annualized dividend and a yield of 18.52%. The ex-dividend date is Monday, November 21st. Haverty Furniture Cos.’s payout ratio is currently 40.00%.

A number of large investors have recently bought and sold shares of HVT. Rothschild Asset Management Inc. boosted its stake in Haverty Furniture Cos. by 7.6% in the second quarter. Rothschild Asset Management Inc. now owns 73,596 shares of the company’s stock valued at $1,327,000 after buying an additional 5,228 shares in the last quarter. 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 in the last quarter. Foundry Partners LLC boosted its stake in Haverty Furniture Cos. by 14.0% in the second quarter. Foundry Partners LLC now owns 167,815 shares of the company’s stock valued at $3,026,000 after buying an additional 20,560 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Haverty Furniture Cos. by 5.2% in the second quarter. Ameriprise Financial Inc. now owns 99,780 shares of the company’s stock valued at $1,799,000 after buying an additional 4,927 shares in the last quarter. Finally, LSV Asset Management boosted its stake in Haverty Furniture Cos. by 6.5% in the second quarter. LSV Asset Management now owns 523,956 shares of the company’s stock valued at $9,446,000 after buying an additional 32,000 shares in the last quarter. 69.98% of the stock is currently owned by institutional investors and hedge funds.

About Haverty Furniture Cos.

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.

5 Day Chart for NYSE:HVT

Receive News & Stock Ratings for Haverty Furniture Cos. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Haverty Furniture Cos. and related stocks with our FREE daily email newsletter.