Haverty Furniture Companies (NYSE:HVT.A) Trading Up 1.1% – Here’s What Happened

Shares of Haverty Furniture Companies, Inc. (NYSE:HVT.A) were up 1.1% during trading on Friday . The stock traded as high as $26.14 and last traded at $25.1060. Approximately 2,787 shares were traded during trading, an increase of 4,313% from the average daily volume of 63 shares. The stock had previously closed at $24.84.

Haverty Furniture Companies Stock Performance

The stock’s 50 day moving average price is $22.91 and its 200-day moving average price is $22.08. The company has a market cap of $408.47 million, a PE ratio of 22.02 and a beta of 0.90.

Haverty Furniture Companies (NYSE:HVT.A) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.28 earnings per share for the quarter. The business had revenue of $194.48 million during the quarter.

Haverty Furniture Companies Company Profile

Haverty Furniture Companies, Inc is a publicly traded real estate investment trust specializing in owning and managing retail and distribution properties for the furniture industry. Established in 2019 as a spin-off from Havertys Furniture Stores, Inc, the company’s portfolio consists of strategically located facilities—including showroom locations and distribution centers—leased primarily to its former parent under long-term, net lease agreements. By focusing on single-tenant commercial real estate tailored to furniture retailing and logistics, Haverty Furniture Companies aims to deliver stable, predictable rental income and to support the growth of its tenant’s national retail network.

At the time of its formation, Haverty Furniture Companies acquired a mix of properties encompassing corporate distribution centers, regional distribution hubs and retail showrooms across several key markets in the Southeastern and Southwestern United States.