Haverty Furniture Cos Inc (NYSE: HVT) has reported E.P.S. of $0.27 for its second fiscal quarter (ending June 30) versus $0.72 for the same period a year ago. E.P.S. were $2.40 for the latest four quarters through June 30 versus $4.47 for the same period a year ago.
Recent Price Action
Haverty Furniture Cos Inc (NYSE: HVT) stock enjoyed a large increase of 2.3% on 7/31/24. The stock closed at $29.27. Moreover, trading volume in this advance was unusually high at 167% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 10.9% during the last week.
Current PriceTarget Research Rating
HVT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Haverty Furniture has a current Value Trend Rating of C (Low Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Haverty Furniture has a slightly positive Appreciation Score of 62 but a poor Power Rating of 23, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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