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Is Haverty Furniture (HVT) Stock Undervalued Right Now?
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company value investors might notice is Haverty Furniture (HVT - Free Report) . HVT is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 8.88 right now. For comparison, its industry sports an average P/E of 16.04. HVT's Forward P/E has been as high as 30.88 and as low as 8.71, with a median of 18.14, all within the past year.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. HVT has a P/S ratio of 0.69. This compares to its industry's average P/S of 1.16.
Finally, we should also recognize that HVT has a P/CF ratio of 7.39. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. HVT's current P/CF looks attractive when compared to its industry's average P/CF of 20.61. Within the past 12 months, HVT's P/CF has been as high as 10.32 and as low as 5.78, with a median of 8.41.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Haverty Furniture is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, HVT feels like a great value stock at the moment.
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Is Haverty Furniture (HVT) Stock Undervalued Right Now?
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company value investors might notice is Haverty Furniture (HVT - Free Report) . HVT is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 8.88 right now. For comparison, its industry sports an average P/E of 16.04. HVT's Forward P/E has been as high as 30.88 and as low as 8.71, with a median of 18.14, all within the past year.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. HVT has a P/S ratio of 0.69. This compares to its industry's average P/S of 1.16.
Finally, we should also recognize that HVT has a P/CF ratio of 7.39. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. HVT's current P/CF looks attractive when compared to its industry's average P/CF of 20.61. Within the past 12 months, HVT's P/CF has been as high as 10.32 and as low as 5.78, with a median of 8.41.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Haverty Furniture is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, HVT feels like a great value stock at the moment.