Wall Street Zen Upgrades Haverty Furniture Companies (NYSE:HVT) to “Strong-Buy”

Haverty Furniture Companies (NYSE:HVT) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

A number of other analysts have also recently weighed in on HVT. Weiss Ratings restated a “hold (c)” rating on shares of Haverty Furniture Companies in a report on Monday, December 29th. Zacks Research downgraded Haverty Furniture Companies from a “hold” rating to a “strong sell” rating in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce”.

Haverty Furniture Companies Stock Down 0.4%

NYSE:HVT opened at $25.98 on Friday. The business’s 50-day moving average price is $25.31 and its 200 day moving average price is $23.29. Haverty Furniture Companies has a 52-week low of $17.01 and a 52-week high of $27.67. The firm has a market cap of $422.63 million, a P/E ratio of 22.79, a PEG ratio of 1.03 and a beta of 1.32.

Insider Buying and Selling

In other Haverty Furniture Companies news, Director Rawson Haverty, Jr. sold 7,500 shares of Haverty Furniture Companies stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $24.86, for a total transaction of $186,450.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders have sold 14,354 shares of company stock valued at $345,898. Company insiders own 8.63% of the company’s stock.

Institutional Trading of Haverty Furniture Companies

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Haverty Furniture Companies by 3.2% during the third quarter. Vanguard Group Inc. now owns 910,883 shares of the company’s stock valued at $19,976,000 after buying an additional 28,111 shares in the last quarter. American Century Companies Inc. boosted its position in Haverty Furniture Companies by 7.5% during the 2nd quarter. American Century Companies Inc. now owns 464,629 shares of the company’s stock worth $9,455,000 after acquiring an additional 32,413 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Haverty Furniture Companies by 21.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 371,843 shares of the company’s stock valued at $8,686,000 after acquiring an additional 64,614 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Haverty Furniture Companies by 8.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 337,889 shares of the company’s stock valued at $6,876,000 after acquiring an additional 24,945 shares in the last quarter. Finally, Hodges Capital Management Inc. acquired a new position in shares of Haverty Furniture Companies in the 4th quarter valued at about $4,948,000. Hedge funds and other institutional investors own 80.57% of the company’s stock.

About Haverty Furniture Companies

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.