Wall Street brokerages expect Haverty Furniture Companies, Inc. (NYSE:HVT) to announce $215.45 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Haverty Furniture Companies’ earnings, with the lowest sales estimate coming in at $213.80 million and the highest estimate coming in at $217.10 million. Haverty Furniture Companies posted sales of $214.96 million during the same quarter last year, which suggests a positive year over year growth rate of 0.2%. The firm is scheduled to announce its next earnings results on Tuesday, February 19th.

On average, analysts expect that Haverty Furniture Companies will report full year sales of $824.25 million for the current financial year, with estimates ranging from $822.60 million to $825.90 million. For the next year, analysts expect that the firm will report sales of $836.75 million, with estimates ranging from $834.10 million to $839.40 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Haverty Furniture Companies.

Haverty Furniture Companies (NYSE:HVT) last posted its quarterly earnings results on Tuesday, October 30th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.37 by $0.01. The company had revenue of $210.50 million during the quarter, compared to analysts’ expectations of $212.43 million. Haverty Furniture Companies had a return on equity of 10.11% and a net margin of 2.89%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 EPS.

Several research firms have commented on HVT. ValuEngine cut Haverty Furniture Companies from a “hold” rating to a “sell” rating in a report on Saturday, December 1st. Zacks Investment Research cut Haverty Furniture Companies from a “buy” rating to a “hold” rating in a report on Saturday, November 3rd. Finally, TheStreet upgraded Haverty Furniture Companies from a “c+” rating to a “b” rating in a report on Thursday, August 23rd.

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in shares of Haverty Furniture Companies by 6.5% during the 2nd quarter. BlackRock Inc. now owns 2,688,407 shares of the company’s stock worth $58,070,000 after purchasing an additional 164,255 shares during the period. Citadel Advisors LLC grew its holdings in shares of Haverty Furniture Companies by 366.0% during the 2nd quarter. Citadel Advisors LLC now owns 188,412 shares of the company’s stock worth $4,070,000 after purchasing an additional 147,980 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Haverty Furniture Companies during the 3rd quarter worth about $2,932,000. TD Asset Management Inc. purchased a new stake in shares of Haverty Furniture Companies during the 2nd quarter worth about $873,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its holdings in shares of Haverty Furniture Companies by 93.1% during the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 75,700 shares of the company’s stock worth $1,673,000 after purchasing an additional 36,500 shares during the period. Institutional investors own 82.63% of the company’s stock.

HVT traded down $0.25 during midday trading on Wednesday, hitting $19.82. The company’s stock had a trading volume of 158,718 shares, compared to its average volume of 92,764. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.28 and a quick ratio of 1.21. The stock has a market capitalization of $416.23 million, a price-to-earnings ratio of 15.86 and a beta of 0.82. Haverty Furniture Companies has a 52-week low of $17.70 and a 52-week high of $24.45.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Friday, November 30th. Haverty Furniture Companies’s dividend payout ratio (DPR) is 57.60%.

Haverty Furniture Companies announced that its board has approved a stock repurchase plan on Friday, November 16th that allows the company to repurchase $15.00 million in shares. This repurchase authorization allows the company to reacquire up to 3.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Haverty Furniture Companies Company Profile

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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