Equities research analysts expect Haverty Furniture Companies, Inc. (NYSE:HVT) to report $215.00 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Haverty Furniture Companies’ earnings. Haverty Furniture Companies posted sales of $220.60 million during the same quarter last year, which would indicate a negative year over year growth rate of 2.5%. The business is expected to announce its next earnings results after the market closes on Tuesday, February 20th.
According to Zacks, analysts expect that Haverty Furniture Companies will report full year sales of $215.00 million for the current year. For the next fiscal year, analysts expect that the firm will post sales of $842.25 million per share, with estimates ranging from $840.40 million to $844.10 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Haverty Furniture Companies.
Separately, Zacks Investment Research raised Haverty Furniture Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th.
In other Haverty Furniture Companies news, major shareholder Pine Hill Associates, Llc sold 7,921 shares of Haverty Furniture Companies stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $23.79, for a total transaction of $188,440.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Rawson Haverty, Jr. sold 23,000 shares of Haverty Furniture Companies stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $23.30, for a total value of $535,900.00. Following the sale, the insider now directly owns 82,331 shares of the company’s stock, valued at approximately $1,918,312.30. The disclosure for this sale can be found here. Insiders own 10.31% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. First Quadrant L P CA acquired a new stake in Haverty Furniture Companies during the 4th quarter worth about $234,000. MetLife Investment Advisors LLC purchased a new position in shares of Haverty Furniture Companies during the 4th quarter valued at about $235,000. BNP Paribas Arbitrage SA raised its stake in shares of Haverty Furniture Companies by 48.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 10,659 shares of the company’s stock valued at $279,000 after buying an additional 3,494 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Haverty Furniture Companies during the 3rd quarter valued at about $290,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Haverty Furniture Companies during the 3rd quarter valued at about $290,000. 82.21% of the stock is owned by institutional investors.
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About Haverty Furniture Companies
Haverty Furniture Companies, Inc is a retailer of residential furniture and accessories. The Company sells home furnishings in its retail stores and through its Website, havertys.com. As of December 31, 2016, the Company had 124 stores in 16 states in the Southern and Midwest regions. As of December 31, 2016, the Company’s retail store space totaled approximately 4.5 million square feet for 124 stores.
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