HVT Stock Summary and Trading Ideas (Haverty Furniture Cos | NYSE:HVT)

Haverty Furniture Companies Inc is a specialty retailer of residential furniture and accessories. It provides various products such as Sofa Tables, Sleepers, End Tables, Cocktail Tables, Accent Pieces, Display Cabinets, Wall Decor, floral and Tress, and other related products. The company operates primarily in the Southern and Midwestern U.S. All its activities are encompassed in its Merchandise division. The company derives the majority of its revenue from its upholstery products and, secondarily, from bedroom furniture.

Haverty Furniture Cos trades on the NYSE stock market under the symbol HVT.

As of April 19, 2024, HVT stock price climbed to $31.16 with 76,193 million shares trading.

HVT has a beta of 1.69, meaning it tends to be more sensitive to market movements. HVT has a correlation of 0.30 to the broad based SPY ETF.

HVT has a market cap of $505.91 million. This is considered a Small Cap stock.

Last quarter Haverty Furniture Cos reported $211 million in Revenue and $.90 earnings per share. This fell short of revenue expectation by $-22 million and missed earnings estimates by -$.09.

In the last 3 years, HVT stock traded as high as $52.84 and as low as $22.77.

The top ETF exchange traded funds that HVT belongs to (by Net Assets): IJR, VTI, SYLD, IWM, VXF.

HVT has underperformed the market in the last year with a return of +2.9%, while the SPY ETF gained +21.2%. In the last 3 month period, HVT fell short of the market, returning -7.5%, while SPY returned +3.0%. However, in the most recent 2 weeks HVT has outperformed the stock market by returning -1.5%, while SPY returned -4.5%.

HVT support price is $29.78 and resistance is $31.04 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HVT stock will trade within this expected range on the day.