Home Sectors Consumer Cyclical Stock in the Spotlight: Haverty Furniture Companies (NYSE: HVT)

Stock in the Spotlight: Haverty Furniture Companies (NYSE: HVT)

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Haverty Furniture Companies is in the consumer cyclical sector and is part of the retail apparel and specialty industry. The company CEO is Clarence H. Smith. Haverty Furniture Companies Inc is a retailer of residential furniture and accessories. It sells home furnishings in its retail stores and via its website and offers mattresses products such as Sealy, Serta, Stearns and Foster, and Tempur-Pedic.

Previous Intraday Trading Performance:

The HVT stock showed a previous change of -0.76% with an open at 19.91 and a close of 19.69. It reached an intraday high of 20.00 and a low of 19.57.

SeekingAlpha:  Havertys reports Q4 sales

Liquidity:

The stock has a market cap of $408.4m with 20.7m shares outstanding, of which the float is 19.4m shares. Trading volume reached 87,320 shares compared to its average volume of 107,716 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, Haverty Furniture Companies shares returned 3.80% and in the past 30 trading days it returned -4.83%. Over three months, it changed -3.51%. In one year it has changed -4.22% and within that year its 52-week high was 24.25 and its 52-week low was 17.70. HVT stock is 11.24% above its 52 Week Low.

Our calculations show a 200 day moving average of 19.52 and a 50 day moving average of 19.67. Currently HVT stock is trading 0.88% above its 200 day moving average and may be a good opportunity to buy.

SeekingAlpha:  Havertys reports Q4 sales

Earnings:

The last annual fiscal EPS for the company was reported at 0.99 that ended on 31st of December 2017, which according to the previous close, that is a PE of 19.89. Based on 2 analyst estimates, the consensus EPS for the next quarter is 0.40. The TTM EPS is 1.36, which comes to a TTM PE of 14.48. Historically, the PE high was 70.30 and the PE low was 13.50. If the stock reached its PE low, that would represent a price of 18.36, which is a decrease of -6.77%.

The following are the last four quarter reported earnings per share:
09-30-2018:  0.38
06-30-2018:  0.29
03-31-2018:  0.29
12-31-2017:  0.40

The dividend per share is currently 0.72, which is a dividend yield of 3.66%. Also, the payout ratio is 52.94%, therefore the dividend is safe according to our calculations.

Indicators to Watch:

Based on the latest filings, there is 119.20% of institutional ownership. Short-interest is 1,684,665, which is 8.12% of shares outstanding. The short-interest ratio or days-to-cover ratio is 15.74. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.

The current calculated beta is 0.74

SeekingAlpha:  Greenbrier beats by $0.06, beats on revenue

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 7.57%, return on assets is 4.71%, profit margin is 3.43%, price-to-sales is 0.68 and price-to-book is 1.36.

Company Scores:

All scores are out of six:
 2  :Valuation Score
 1  :Past Performance Score
 5  :Financial Strength Score
 1  :Future Growth Score
 4  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.