Haverty Furniture Companies, Inc. (NYSE:HVT) issued its quarterly earnings data on Tuesday. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.24 by $0.04, Bloomberg Earnings reports. Haverty Furniture Companies had a return on equity of 10.17% and a net margin of 3.53%. The company had revenue of $207.60 million for the quarter, compared to analyst estimates of $215.32 million. During the same period last year, the company earned $0.34 earnings per share. Haverty Furniture Companies’s quarterly revenue was down 1.9% compared to the same quarter last year.
Separately, Zacks Investment Research lowered Haverty Furniture Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 10th.
In related news, insider Rawson Haverty, Jr. sold 1,391 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $23.83, for a total value of $33,147.53. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 10.31% of the company’s stock.
Haverty Furniture Companies Company Profile
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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