Below are the three companies in the Homefurnishing Retail industry with the lowest Enterprise Value (EV) to Sales ratios. EV/Sales gives investors an idea of how much it costs to buy the company's sales and the lower the ratio, the more undervalued the company is believed to be.
Haverty Furniture (NYSE:HVT) is lowest with EV/Sales of 0.32. Haverty Furniture Companies, Inc. sells home furnishings. The Company stores are located in southern and central United States. Haverty's offers brand name furniture, such as Broyhill, Thomasville, Lane/Action, La-Z-Boy, and Clayton Marcus.
Over the past year, Haverty Furniture has traded in a range of $9.47 to $14.06 and is now at $11.47, 21% above that low. The 200-day and 50-day moving averages have moved 0.18% lower and 1.36% higher over the past week, respectively.
Kirkland's (NASDAQ:KIRK) is next with EV/Sales of 0.43.
Kirkland's has overhead space with shares priced $12.70, or 23.0% below the average consensus analyst price target of $16.50. The stock should discover initial support at its 200-day moving average (MA) of $12.24 and subsequent support at its 50-day MA of $11.15.
Finishing up the bottom three is Pier 1 Imports (NYSE:PIR), with EV/Sales of 0.90. Pier 1 Imports has traded 411,000 shares thus far today, vs. average volume of 1.8 million shares per day. The stock has outperformed the Dow (3.4% to the Dow's 1.3%) and outperformed the S&P 500 (3.4% to the S&P's 1.7%) during today's trading.
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