Haverty Furniture Companies (HVT) is Upgraded by Raymond James to Strong Buy

Haverty Furniture Companies (HVT) was Upgraded by Raymond James to ” Strong Buy”. Earlier the firm had a rating of “Outperform ” on the company shares. Raymond James advised their investors in a research report released on Aug 2, 2016.

On the company’s financial health, Haverty Furniture Companies reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.19. The company had revenue of $194.80 million for the quarter, compared to analysts expectations of $194.50 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Haverty Furniture Companies opened for trading at $18.12 and hit $18.49 on the upside on Friday, eventually ending the session at $18.43, with a gain of 1.77% or 0.32 points. The heightened volatility saw the trading volume jump to 74,256 shares. Company has a market cap of $408 M.

In a different news, on May 19, 2016, Steven G Burdette (Executive Vice President) sold 4,900 shares at $18.06 per share price. According to the SEC, on Nov 17, 2015, Fred L Schuermann (director) sold 2,379 shares at $22.87 per share price.

Haverty Furniture Companies Inc. is a specialty retailer of residential furniture and accessories. The Company operates its business through the home furnishings retailing segment. The Company offers financing through an internal revolving charge credit plan as well as a third-party finance company. Its customers are college educated women in middle to upper-middle income households. The Company operates approximately 119 stores serving 80 cities in 16 states with approximately 4.3 million retail square feet. The stores carry mattress product lines such as Sealy Serta Stearns & Foster and Tempur-Pedic. All of its retail locations are operated using the Haverty name.

Haverty Furniture Companies

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