Alert: Negative Investment/Fundamental Signals (6/17/24)-Haverty Furniture Cos Inc (NYSE: HVT)


Notable negative changes in fundamentals have recently occurred for Haverty Furniture Cos Inc (NYSE: HVT): significant quarterly sales deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.

Significant negative changes in investment behavior have recently occurred for Haverty Furniture Cos Inc (NYSE: HVT): the stock fell on very heavy volume.

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 (Low Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Haverty Furniture has a slightly positive Appreciation Score of 62 but a slightly negative Power Rating of 32, and the Low Neutral Value Trend Rating results.

Recent Price Action

Haverty Furniture Cos Inc (NYSE: HVT) stock closed at $26.95 on 6/17/24 after a slight decline of -0.8%. Moreover, this decline was accompanied by exceptionally high trading volume at 312% of normal. The stock has risen 0.7% during the last week but has been weak relative to the market over the last nine months.

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