Haverty Furniture Cos Inc (NYSE: HVT). Extremely significant negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, and the stock fell on very heavy volume.
Meaningful negative changes in Haverty Furniture Cos Inc (NYSE: HVT) fundamentals have recently occurred: the stock’s power rating fell below 50, and significant quarterly sales deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
HVT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Haverty Furniture has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Haverty Furniture has a neutral Appreciation Score of 59 and a neutral Power Rating of 50, leading to the Neutral Value Trend Rating.
Recent Price Action
Haverty Furniture Cos Inc (NYSE: HVT) stock closed at $28.52 on 5/2/24 after a large decline of -8.0%. Moreover, exceptionally high trading volume at 246% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -12.4% during the last week.
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