Haverty Furniture Companies (NYSE:HVT) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Haverty Furniture Companies (NYSE:HVT) from a hold rating to a buy rating in a research report released on Tuesday.

Separately, Benchmark reissued a buy rating and issued a $45.00 price objective on shares of Haverty Furniture Companies in a research report on Thursday, May 2nd.

Haverty Furniture Companies Trading Up 0.8 %

Shares of HVT stock traded up $0.23 on Tuesday, reaching $28.61. 105,200 shares of the company’s stock were exchanged, compared to its average volume of 132,027. The company’s fifty day simple moving average is $26.37 and its 200 day simple moving average is $30.05. Haverty Furniture Companies has a 52 week low of $23.09 and a 52 week high of $37.05. The stock has a market capitalization of $464.51 million, a PE ratio of 10.40, a P/E/G ratio of 1.64 and a beta of 1.44.

Hedge Funds Weigh In On Haverty Furniture Companies

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Haverty Furniture Companies by 0.5% in the third quarter. Vanguard Group Inc. now owns 1,048,004 shares of the company’s stock valued at $30,162,000 after purchasing an additional 5,342 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in shares of Haverty Furniture Companies during the 4th quarter worth approximately $238,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Haverty Furniture Companies by 62.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,511 shares of the company’s stock worth $160,000 after purchasing an additional 1,740 shares in the last quarter. Yousif Capital Management LLC purchased a new stake in shares of Haverty Furniture Companies during the 4th quarter valued at $235,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Haverty Furniture Companies by 34.7% in the 4th quarter. Russell Investments Group Ltd. now owns 82,205 shares of the company’s stock worth $2,918,000 after purchasing an additional 21,159 shares in the last quarter. 80.57% of the stock is owned by hedge funds and other institutional investors.

About Haverty Furniture Companies

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 and eclectic looks; and mattress product lines under the Tempur-Pedic, Serta, Sealy, and Stearns and Foster names.