Exclusive: Will Haverty Furniture Companies, Inc. Short Squeeze Soon?

Exclusive: Will Haverty Furniture Companies, Inc. Short Squeeze Soon?

The stock of Haverty Furniture Companies, Inc. (NYSE:HVT) is a huge mover today! About 235,561 shares traded hands or 241.64% up from the average. Haverty Furniture Companies, Inc. (NYSE:HVT) has declined 4.54% since March 7, 2016 and is downtrending. It has underperformed by 12.13% the S&P500.
The move comes after 8 months negative chart setup for the $379.15M company. It was reported on Oct, 10 by Barchart.com. We have $15.66 PT which if reached, will make NYSE:HVT worth $49.29 million less.

Analysts await Haverty Furniture Companies, Inc. (NYSE:HVT) to report earnings on October, 26. They expect $0.38 earnings per share, up 11.76% or $0.04 from last year’s $0.34 per share. HVT’s profit will be $8.00M for 11.85 P/E if the $0.38 EPS becomes a reality. After $0.24 actual earnings per share reported by Haverty Furniture Companies, Inc. for the previous quarter, Wall Street now forecasts 58.33% EPS growth.

Haverty Furniture Companies, Inc. (NYSE:HVT) Ratings Coverage

Out of 2 analysts covering Haverty Furniture (NYSE:HVT), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Haverty Furniture has been the topic of 2 analyst reports since January 27, 2016 according to StockzIntelligence Inc. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Wednesday, January 27. Raymond James upgraded the stock to “Strong Buy” rating in Tuesday, August 2 report.

According to Zacks Investment Research, “Haverty Furniture Companies, Inc. is a full-service home furnishings retailer. The company operates showrooms in contiguous southern and central states. Havertys provides its customers with a wide selection of furniture and accessories primarily in the middle to upper-middle price ranges. As an added convenience to its customers, the company offers financing through a revolving charge credit plan.”

Insitutional Activity: The institutional sentiment decreased to 0.96 in Q2 2016. Its down 1.07, from 2.03 in 2016Q1. The ratio dived, as 12 funds sold all Haverty Furniture Companies, Inc. shares owned while 33 reduced positions. 8 funds bought stakes while 35 increased positions. They now own 16.39 million shares or 1.97% less from 16.72 million shares in 2016Q1.
Invesco Ltd has invested 0% of its portfolio in Haverty Furniture Companies, Inc. (NYSE:HVT). Vanguard Group has 911,451 shares for 0% of their US portfolio. Foundry Prtnrs Ltd Liability Corporation holds 0.17% or 167,815 shares in its portfolio. Bridgeway Cap reported 43,000 shares or 0.01% of all its holdings. Wellington Llp, a Massachusetts-based fund reported 536,662 shares. Geode Cap holds 0% or 137,423 shares in its portfolio. Springbok Limited Liability Com holds 5,600 shares or 0.01% of its portfolio. The Missouri-based Cutter Com Brokerage has invested 0.12% in Haverty Furniture Companies, Inc. (NYSE:HVT). Signaturefd Ltd Co reported 61 shares or 0% of all its holdings. Axa holds 0% of its portfolio in Haverty Furniture Companies, Inc. (NYSE:HVT) for 15,490 shares. Nationwide Fund Advsr last reported 0% of its portfolio in the stock. Legal And General Gp Pcl last reported 0% of its portfolio in the stock. Pnc Financial Gru has invested 0% of its portfolio in Haverty Furniture Companies, Inc. (NYSE:HVT). Pinnacle Llc holds 0% or 43,985 shares in its portfolio. Teachers Advsr, a New York-based fund reported 47,846 shares.

Insider Transactions: Since May 17, 2016, the stock had 0 insider buys, and 2 sales for $103,293 net activity. BURDETTE STEVEN G sold $88,503 worth of stock or 4,900 shares. DeNiro Allan J sold $14,790 worth of stock.

More recent Haverty Furniture Companies, Inc. (NYSE:HVT) news were published by: Marketwatch.com which released: “Haverty Furniture Cos. Inc.” on October 18, 2010. Also Seekingalpha.com published the news titled: “Haverty Furniture: The Company, And The Stock, Look To Be In A Solid Position” on September 07, 2016. Seekingalpha.com‘s news article titled: “Haverty Furniture Companies’ (HVT) CEO Clarence Smith on Q1 2016 Results …” with publication date: May 03, 2016 was also an interesting one.

HVT Company Profile

Haverty Furniture Companies, Inc., incorporated on September 30, 1929, The Firm sells home furnishings in its retail stores and through its Website havertys.com. The Firm has over 120 stores in approximately 20 states in the southern and Midwest regions with over 4.4 million square feet retail store space. It offers financing through an internal revolving charge credit plan as well as a third-party finance company.

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