Haverty Furniture Companies Inc. (HVT) Volatility At 5.11%, Should You Add A Position?

Haverty Furniture Companies Inc. (NYSE: HVT) is 10.22% higher on its value in year-to-date trading and has touched a low of $9.81 and a high of $22.25 in the current 52-week trading range. The HVT stock was last observed hovering at around $22.21 in the last trading session, with the day’s gains setting it 0.01% off its average median price target of $16.00 for the next 12 months. It is also -38.87% off the consensus price target high of $16.00 offered by 2 analysts, but current levels are -38.87% lower than the price target low of $16.00 for the same period.

Currently trading at $22.22, the stock is 34.68% and 40.50% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing 0.05% at the moment leaves the stock 32.31% off its SMA200. HVT registered 12.45% gain for a year compared to 6-month loss of 34.83%. The firm has a 50-day simple moving average (SMA 50) of $15.79 and a 200-day simple moving average (SMA200) of $15.35.

The stock witnessed a 58.60% gain in the last 1 month and extending the period to 3 months gives it a 35.90%, and is 16.95% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.11% over the week and 5.21% over the month.

Haverty Furniture Companies Inc. (HVT) has around 3425 employees, a market worth around $417.29M and $712.60M in sales. Current P/E ratio is 15.59 and Fwd P/E is 19.49. Profit margin for the company is 3.90%. Distance from 52-week low is 126.50% and -0.13% from its 52-week high. The company has generated returns on investments over the last 12 months (7.90%).

Haverty Furniture Companies Inc. (HVT) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Haverty Furniture Companies Inc. (HVT) is a “Hold”. 2 analysts offering their recommendations for the stock have an average rating of 3.00, where 2 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Haverty Furniture Companies Inc. is expected to release its quarterly report on 10/28/2020 and quarterly earnings per share for the current quarter are estimated at $0.63 with sales reaching $230.03M over the same period.The EPS is expected to shrink by -24.30% this year, but quarterly earnings will post -7.90% year-over-year. Quarterly sales are estimated to grow 8.50% in year-over-year returns.

Haverty Furniture Companies Inc. (HVT) Top Institutional Holders

198 institutions hold shares in Haverty Furniture Companies Inc. (HVT), with 1.71M shares held by insiders accounting for 9.09% while institutional investors hold 112.53% of the company’s shares. The shares outstanding are 18.78M, and float is at 16.03M with Short Float at 15.20%. Institutions hold 102.30% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 2.87 million shares valued at $45.97 million. The investor’s holdings represent 16.62% of the HVT Shares outstanding. As of Jun 29, 2020, the second largest holder is Dimensional Fund Advisors LP with 1.35 million shares valued at $21.63 million to account for 7.82% of the shares outstanding. The other top investors are Renaissance Technologies, LLC which holds 1.34 million shares representing 7.77% and valued at over $21.49 million, while Vanguard Group, Inc. (The) holds 6.44% of the shares totaling 1.11 million with a market value of $17.82 million.

Haverty Furniture Companies Inc. (HVT) Insider Activity

A total of 70 insider transactions have happened at Haverty Furniture Companies Inc. (HVT) in the last six months, with sales accounting for 18 and purchases happening 52 times. The most recent transaction is an insider purchase by SMITH CLARENCE H, the company’s Chairman, President & CEO. SEC filings show that SMITH CLARENCE H bought 2,000 shares of the company’s common stock on Mar 20 at a price of $11.66 per share for a total of $23320.0. Following the purchase, the insider now owns 27638.0 shares.

Haverty Furniture Companies Inc. disclosed in a document filed with the SEC on Feb 27 that HOUGH G. THOMAS (Director) bought a total of 3,000 shares of the company’s common stock. The trade occurred on Feb 27 and was made at $17.16 per share for $51480.0. Following the transaction, the insider now directly holds 10748.0 shares of the HVT stock.

Still, SEC filings show that on Dec 06, BURDETTE STEVEN G (Executive VP, Operations) disposed off 2,400 shares at an average price of $20.50 for $49200.0. The insider now directly holds 2,833 shares of Haverty Furniture Companies Inc. (HVT).

Haverty Furniture Companies Inc. (HVT): Who are the competitors?

The company’s main competitors (and peers) include RH (RH) that is trading 118.95% up over the past 12 months. Ethan Allen Interiors Inc. (ETH) is -20.58% down on the 1-year trading charts. Short interest in the company’s stock has risen 7.38% from the last report on Jun 29, 2020 to stand at a total of 2.26 million short shares sold with a short interest ratio of 14.87.