Equities analysts predict that Haverty Furniture Companies, Inc. (NYSE:HVT) will post sales of $211.15 million for the current quarter, according to Zacks. Two analysts have made estimates for Haverty Furniture Companies’ earnings, with the highest sales estimate coming in at $213.90 million and the lowest estimate coming in at $208.40 million. Haverty Furniture Companies posted sales of $207.65 million in the same quarter last year, which suggests a positive year over year growth rate of 1.7%. The firm is expected to issue its next earnings report on Tuesday, October 30th.
On average, analysts expect that Haverty Furniture Companies will report full year sales of $825.80 million for the current financial year, with estimates ranging from $822.40 million to $829.20 million. For the next year, analysts anticipate that the firm will post sales of $838.00 million per share, with estimates ranging from $833.40 million to $842.60 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Haverty Furniture Companies.
Haverty Furniture Companies (NYSE:HVT) last posted its earnings results on Tuesday, July 31st. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. The business had revenue of $198.78 million for the quarter, compared to the consensus estimate of $195.55 million. Haverty Furniture Companies had a net margin of 2.61% and a return on equity of 9.29%. 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 posted $0.29 EPS.
A number of research analysts have commented on HVT shares. ValuEngine raised shares of Haverty Furniture Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Zacks Investment Research raised shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Tuesday, August 7th. Finally, TheStreet raised shares of Haverty Furniture Companies from a “c+” rating to a “b” rating in a research report on Thursday, August 23rd.
NYSE HVT traded down $0.10 during trading on Friday, reaching $22.55. 8,408 shares of the company’s stock traded hands, compared to its average volume of 77,223. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 2.29. The company has a market capitalization of $466.52 million, a price-to-earnings ratio of 18.04 and a beta of 0.85. Haverty Furniture Companies has a 12-month low of $17.70 and a 12-month high of $27.23.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 7th. Stockholders of record on Wednesday, August 22nd were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date was Tuesday, August 21st. Haverty Furniture Companies’s payout ratio is currently 57.60%.
In other news, Director G. Thomas Hough acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, August 8th. The shares were purchased at an average price of $21.50 per share, with a total value of $43,000.00. Following the transaction, the director now directly owns 1,883 shares in the company, valued at $40,484.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.05% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of the company. Barclays PLC boosted its stake in Haverty Furniture Companies by 66.8% in the 1st quarter. Barclays PLC now owns 7,433 shares of the company’s stock worth $150,000 after purchasing an additional 2,976 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Haverty Furniture Companies in the 2nd quarter worth approximately $166,000. Citigroup Inc. boosted its stake in Haverty Furniture Companies by 51.8% in the 1st quarter. Citigroup Inc. now owns 8,469 shares of the company’s stock worth $171,000 after purchasing an additional 2,890 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in Haverty Furniture Companies in the 1st quarter worth approximately $344,000. Finally, A.R.T. Advisors LLC acquired a new stake in Haverty Furniture Companies in the 1st quarter worth approximately $399,000. 80.80% of the stock is currently owned by hedge funds and other institutional investors.
About Haverty Furniture Companies
Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and accessories in the United States. The company offers furniture merchandise under the Havertys brand name. It also provides custom upholstery products, as well as mattress product lines under the Sealy, Tempur-Pedic, Serta, Stearns & Foster, and Beautyrest Black names.
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