Haverty Furniture Companies (HVT) is Downgraded by Raymond James to Mkt Perform

Haverty Furniture Companies (HVT) was Downgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Strong Buy ” on the company shares. Raymond James advised their investors in a research report released on Oct 10, 2016.

Many Wall Street Analysts have commented on Haverty Furniture Companies. Haverty Furniture Companies was Upgraded by Raymond James to ” Strong Buy” 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 closed down -0.03 points or -0.15% at $19.76 with 55,320 shares getting traded on Friday. Post opening the session at $19.81, the shares hit an intraday low of $19.36 and an intraday high of $19.81 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Sep 19, 2016, Allan J Deniro (Sr. VP, Chief People Officer) sold 750 shares at $19.72 per share price. According to the SEC, on Aug 17, 2016, Clarence H Smith (Chairman, President & CEO) sold 10,510 shares at $20.52 per share price. On May 19, 2016, Steven G Burdette (Executive Vice President) sold 4,900 shares at $18.06 per share price, according to the Form-4 filing with the securities and exchange commission.

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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