Home Sectors Consumer Cyclical Latest Performance: Haverty Furniture Companies (NYSE: HVT)

Latest Performance: Haverty Furniture Companies (NYSE: HVT)

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Haverty Furniture Companies trades as part of the consumer cyclical sector and 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 0.66% with an open at 16.64 and a close of 16.80. It reached an intraday high of 16.99 and a low of 16.64.

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Liquidity:

The stock has a market cap of $345.6m with 20.6m shares outstanding, of which the float is 19.2m shares. Trading volume reached 174,897 shares compared to its average volume of 199,389 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 0.06% and in the past 30 trading days it returned -11.22%. Over three months, it changed -29.59%. In one year it has changed -15.24% and within that year its 52-week high was 25.09 and its 52-week low was 15.81. HVT stock is 6.26% above its 52 Week Low.

Our calculations show a 200 day moving average of 20.30 and a 50 day moving average of 20.02. Currently HVT stock is trading -17.24% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

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Earnings:

The last annual fiscal EPS for the company was reported at 1.41 that ended on 31st of December 2018, which according to the previous close, that is a PE of 11.91. Based on 1 analyst estimate, the estimated EPS for the next quarter is 0.22. The TTM EPS is 1.41, which comes to a TTM PE of 11.91. Historically, the PE high was 70.30 and the PE low was 11.91. HVT stock has set a new PE low record!

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 04/30/2019): 0.17
4thQtr of 2018 (Reported on 02/19/2019): 0.45
3rdQtr of 2018 (Reported on 10/30/2018): 0.39
2ndQtr of 2018 (Reported on 07/31/2018): 0.29
1stQtr of 2018 (Reported on 05/01/2018): 0.29

The dividend per share is currently 0.72, which is a dividend yield of 4.29%. Also, the payout ratio is 51.06%, therefore the dividend is safe according to our calculations. HVT stock has a high dividend yield, but because the company has sufficient earnings to cover future dividends, it may be a good investment opportunity for an income portfolio.

Base on our calculations, the intrinsic value per share is 23.72, which means it is possibly undervalued and has a margin of safety of 29.19%.

Indicators to Watch:

Short-interest was 2,336,253, which was 11.36% of shares outstanding. The short-interest ratio or days-to-cover ratio was 9.99. 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 1.01.

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Fundamental Indicators:

Based on last reported financials, the company’s return on assets is 5.12%, profit margin is 3.45%, price-to-sales is 0.43 and price-to-book is 1.22.

Company Scores:

All scores are out of six:
 4  :Valuation Score
 3  :Past Performance Score
 6  :Financial Strength Score
 1  :Future Growth Score
 3  :Dividend Score
 3  :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.