Somewhat Positive Media Coverage Somewhat Unlikely to Affect Haverty Furniture Companies (HVT) Share Price
Press coverage about Haverty Furniture Companies (NYSE:HVT) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Haverty Furniture Companies earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the company an impact score of 47.1961983475272 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Separately, Zacks Investment Research lowered shares of Haverty Furniture Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th.
Haverty Furniture Companies (NYSE HVT) traded up 1.27% during midday trading on Wednesday, hitting $23.95. 88,594 shares of the stock traded hands. The firm has a market cap of $508.17 million, a P/E ratio of 16.90 and a beta of 1.07. The company has a 50-day moving average price of $24.79 and a 200-day moving average price of $24.19. Haverty Furniture Companies has a 1-year low of $17.25 and a 1-year high of $27.23.
Haverty Furniture Companies (NYSE:HVT) last issued its quarterly earnings data on Monday, July 31st. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.10. The firm had revenue of $196.80 million for the quarter, compared to analyst estimates of $199.03 million. Haverty Furniture Companies had a net margin of 3.67% and a return on equity of 10.58%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 earnings per share. Analysts predict that Haverty Furniture Companies will post $1.19 EPS for the current year.
In related news, insider Rawson Haverty, Jr. sold 1,391 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $23.83, for a total transaction of $33,147.53. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.31% of the stock is currently owned by company insiders.
About Haverty Furniture Companies
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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