Revenue Update on Haverty Furniture Companies(NYSE:HVT)

Haverty Furniture Companies(NYSE:HVT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $194.77M. Analysts estimated a revenue of $194.80M. Earnings per share were $0.24. Analysts had estimated an EPS of $0.19.

Haverty Furniture Companies (HVT) made into the market gainers list on Mondays trading session with the shares advancing 0.24% or 0.05 points. Due to strong positive momentum, the stock ended at $20.49, which is also near the day’s high of $20.59. The stock began the session at $20.21 and the volume stood at 1,93,331 shares. The 52-week high of the shares is $24.54 and the 52 week low is $16.65. The company has a current market capitalization of $454 M and it has 2,21,44,696 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 19, 2016, Steven G Burdette (Executive Vice President) sold 4,900 shares at $18.06 per share price.Also, On Dec 2, 2015, L.p. H5, (10% owner) sold 17,500 shares at $24.04 per share price.On Dec 2, 2015, Hill Associates, Llc Pine (10% owner) sold 17,500 shares at $24.04 per share price, according to the Form-4 filing with the securities and exchange commission.

Haverty Furniture Companies Inc. is a specialty retailer of residential furniture and accessories. The Company operates its business through the home furnishings retailing segment. The Company offers financing through an internal revolving charge credit plan as well as a third-party finance company. Its customers are college educated women in middle to upper-middle income households. The Company operates approximately 119 stores serving 80 cities in 16 states with approximately 4.3 million retail square feet. The stores carry mattress product lines such as Sealy Serta Stearns & Foster and Tempur-Pedic. All of its retail locations are operated using the Haverty name.

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