From Seekingalpha · Daniel Jones · · 30s
Haverty Furniture Stock Upgrade
Haverty Furniture stock upgraded to soft buy after strong sales and cash position.
In brief
Haverty Furniture stock upgraded to soft buy after strong sales and cash position. Haverty Furniture stock upgraded to soft buy due to 6.2% sales growth and $111 million cash position. Originally reported by Seekingalpha.
Stock Upgrade
Haverty Furniture upgraded from hold to soft buy.
Sales Growth
Haverty delivered 6.2% comparable sales growth despite industry declines.
Financial Health
Company maintains $111 million net cash position with no debt.
Future Outlook
Cost pressures may affect margins but stock trades at discount to peers.
At a glance
Haverty Furniture stock upgraded to soft buy due to 6.2% sales growth and $111 million cash position.
