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Haverty Furniture (HVT) Crumbles: Stocks Falls by 7.5%

Zacks Equity Research

Haverty Furniture Companies Inc. (HVT) saw a big move last session, as the company’s shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for HVT, as the stock is now down 16% since March 14.

This slump shouldn’t be too much of a surprise to investors, as this stock in the Retail sector has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

Haverty Furniture currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.

Some better-ranked stocks in the same space include Famous Dave's of America Inc. (DAVE), Jack in the Box Inc. (JACK) and Restoration Hardware Holdings, Inc. (RH). While Famous Dave's of America and Jack in the Box sport a Zacks Rank #1 (Strong Buy), Restoration Hardware Holdings carries a Zacks Rank #2 (Buy).

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HAVERTY FURNITURE COS (HVT): Free Stock Analysis Report

FAMOUS DAVE'S OF AMER INC (DAVE): Free Stock Analysis Report

JACK IN BOX INC (JACK): Free Stock Analysis Report


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