Haverty Furniture Cos., Inc. [HVT] stock prices are up 2.30% to $27.57 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The HVT shares have gain 2.87% over the last week, with a monthly amount drifted -6.29%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Haverty Furniture Cos., Inc. [NYSE: HVT] stock has seen the most recent analyst activity on July 11, 2023, when The Benchmark Company initiated its Buy rating and assigned the stock a price target of $41. Previously, Sidoti upgraded its rating to Buy on October 07, 2020. On October 10, 2016, downgrade downgraded it’s rating to Mkt Perform. Raymond James upgraded its rating to a Strong Buy. KeyBanc Capital Mkts downgraded its rating to a Sector Weight. Raymond James upgraded its rating to Outperform for this stock on July 14, 2015. In a note dated January 04, 2008, Morgan Keegan downgraded an Underperform rating on this stock.
The stock price of Haverty Furniture Cos., Inc. [HVT] has been fluctuating between $24.38 and $37.05 over the past year. Currently, Wall Street analysts expect the stock to reach $42 within the next 12 months. Haverty Furniture Cos., Inc. [NYSE: HVT] shares were valued at $27.57 at the most recent close of the market. An investor can expect a potential return of 52.34% based on the average HVT price forecast.
Analyzing the HVT fundamentals
The Haverty Furniture Cos., Inc. [NYSE:HVT] reported sales of 821.38M for trailing twelve months, representing a drop of -18.13%. Gross Profit Margin for this corporation currently stands at 0.61% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.15 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.69.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 26.89 points at the first support level, and at 26.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.15, and for the 2nd resistance point, it is at 28.72.
Ratios To Look Out For
It’s worth pointing out that Haverty Furniture Cos., Inc. [NYSE:HVT]’s Current Ratio is 1.84. Also, the Quick Ratio is 1.14, while the Cash Ratio stands at 0.9. Considering the valuation of this stock, the price to sales ratio is 0.55, the price to book ratio is 1.46 and price to earnings (TTM) ratio is 9.98.
Transactions by insiders
Recent insider trading involved BURDETTE STEVEN G, President, that happened on Feb 29 ’24 when 6500.0 shares were sold. Executive V.P., Merchandising, Gill John Linwood completed a deal on Dec 07 ’23 to sell 4000.0 shares. Meanwhile, Director HAVERTY RAWSON JR sold 3519.0 shares on Nov 15 ’23.
