NYSE:HVT

Haverty Furniture Companies (HVT) Stock Price, News & Analysis

$28.57
-0.13 (-0.45%)
(As of 05/8/2024 ET)
Today's Range
$28.45
$28.89
50-Day Range
$28.54
$34.38
52-Week Range
$25.05
$37.05
Volume
71,077 shs
Average Volume
103,706 shs
Market Capitalization
$461.29 million
P/E Ratio
10.39
Dividend Yield
4.48%
Price Target
$45.00

Haverty Furniture Companies MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
57.5% Upside
$45.00 Price Target
Short Interest
Bearish
8.66% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.25
Upright™ Environmental Score
News Sentiment
-0.05mentions of Haverty Furniture Companies in the last 14 days
Based on 20 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
49.15%
From $2.34 to $3.49 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.75 out of 5 stars

Retail/Wholesale Sector

18th out of 204 stocks

Furniture Stores Industry

1st out of 4 stocks

HVT stock logo

About Haverty Furniture Companies Stock (NYSE:HVT)

Haverty Furniture Companies, Inc. operates as a specialty retailer of residential furniture and accessories in the United States. The company offers furniture merchandise under the Havertys brand name. It also provides custom upholstery products and eclectic looks; and mattress product lines under the Tempur-Pedic, Serta, Sealy, and Stearns and Foster names. The company sells home furnishings through its retail stores, as well as through its website. Haverty Furniture Companies, Inc. was founded in 1885 and is headquartered in Atlanta, Georgia.

HVT Stock Price History

HVT Stock News Headlines

2 Furniture Stock Stocks to Sit on for Interest Rate Cuts
The housing market is in a quandary due to a shortage of supply, which keeps prices elevated, and high interest rates, which soften demand. Many homeowners are simply opting to keep their homes as selling them would still expose them to high mortgage rates on their next home purchase.
2 Furniture Stock Stocks to Sit on for Interest Rate Cuts
If the Fed cuts interest rates in 2024, the impact could trigger a bump in furniture sales, and two companies are poised to benefit: Haverty and La-Z-Boy.
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3 High Short Interest Stocks Ready to Squeeze
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Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
Haverty Furniture: Q1 Earnings Snapshot
Q4 2023 Haverty Furniture Companies Inc Earnings Call
Havertys Reports Operating Results For Fourth Quarter 2023
Haverty Furniture Cos's Earnings: A Preview
See More Headlines
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Company Calendar

Last Earnings
2/21/2024
Ex-Dividend for 3/26 Dividend
3/08/2024
Dividend Payable
3/26/2024
Today
5/08/2024
Ex-Dividend for 6/14 Dividend
5/23/2024
Dividend Payable
6/14/2024
Next Earnings (Estimated)
8/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Furniture stores
Sub-Industry
Homefurnishing Retail
CUSIP
41959610
Employees
2,574
Year Founded
1885

Price Target and Rating

Average Stock Price Target
$45.00
High Stock Price Target
$45.00
Low Stock Price Target
$45.00
Potential Upside/Downside
+57.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$56.32 million
Pretax Margin
8.43%

Debt

Sales & Book Value

Annual Sales
$821.38 million
Cash Flow
$4.62 per share
Book Value
$19.10 per share

Miscellaneous

Free Float
14,622,000
Market Cap
$461.45 million
Optionable
Optionable
Beta
1.54

Social Links

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Key Executives

  • Mr. Clarence H. Smith (Age 73)
    Chairman & CEO
    Comp: $2.16M
  • Mr. Steven G. Burdette (Age 62)
    President
    Comp: $1.04M
  • Mr. Richard B. Hare (Age 57)
    Executive VP & CFO
    Comp: $893.83k
  • Mr. J. Edward Clary (Age 63)
    Executive VP & Chief Information Officer
    Comp: $747k
  • Mr. John L. Gill (Age 60)
    Executive Vice President of Merchandising
    Comp: $747.71k
  • Ms. Janet E. Taylor (Age 62)
    Senior VP & General Counsel
  • Ms. Helen B. Bautista (Age 57)
    Senior Vice President of Marketing & Digital
  • Mr. Kelley Allen Fladger (Age 54)
    Senior VP & Chief HR Officer
  • Mr. Scott T. Miles
    Senior Vice President of Stores
  • Ms. Rhonda J. Wolf
    Senior Vice President of Merchandising

HVT Stock Analysis - Frequently Asked Questions

Should I buy or sell Haverty Furniture Companies stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Haverty Furniture Companies in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" HVT shares.
View HVT analyst ratings
or view top-rated stocks.

What is Haverty Furniture Companies' stock price target for 2024?

1 brokers have issued twelve-month price objectives for Haverty Furniture Companies' stock. Their HVT share price targets range from $45.00 to $45.00. On average, they predict the company's stock price to reach $45.00 in the next year. This suggests a possible upside of 57.5% from the stock's current price.
View analysts price targets for HVT
or view top-rated stocks among Wall Street analysts.

How have HVT shares performed in 2024?

Haverty Furniture Companies' stock was trading at $35.50 on January 1st, 2024. Since then, HVT stock has decreased by 19.5% and is now trading at $28.57.
View the best growth stocks for 2024 here
.

Are investors shorting Haverty Furniture Companies?

Haverty Furniture Companies saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 1,140,000 shares, an increase of 20.3% from the March 31st total of 947,700 shares. Based on an average trading volume of 106,700 shares, the short-interest ratio is presently 10.7 days. Approximately 8.7% of the company's stock are sold short.
View Haverty Furniture Companies' Short Interest
.

When is Haverty Furniture Companies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our HVT earnings forecast
.

How were Haverty Furniture Companies' earnings last quarter?

Haverty Furniture Companies, Inc. (NYSE:HVT) announced its quarterly earnings data on Wednesday, February, 21st. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.95 by $0.06. The company earned $210.74 million during the quarter, compared to analysts' expectations of $230.06 million. Haverty Furniture Companies had a net margin of 5.64% and a trailing twelve-month return on equity of 14.94%.

How often does Haverty Furniture Companies pay dividends? What is the dividend yield for Haverty Furniture Companies?

Haverty Furniture Companies announced a quarterly dividend on Wednesday, May 1st. Shareholders of record on Friday, May 24th will be given a dividend of $0.32 per share on Friday, June 14th. This represents a $1.28 annualized dividend and a dividend yield of 4.48%. The ex-dividend date is Thursday, May 23rd. This is a boost from the stock's previous quarterly dividend of $0.30.
Read our dividend analysis for HVT
.

Is Haverty Furniture Companies a good dividend stock?

Haverty Furniture Companies (NYSE:HVT) pays an annual dividend of $1.28 per share and currently has a dividend yield of 4.18%. HVT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 46.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HVT will have a dividend payout ratio of 36.68% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HVT.

What ETFs hold Haverty Furniture Companies' stock?

ETFs with the largest weight of Haverty Furniture Companies (NYSE:HVT) stock in their portfolio include Roundhill Acquirers Deep Value ETF (DEEP).Syntax Stratified SmallCap ETF (SSLY).

What is Clarence H. Smith's approval rating as Haverty Furniture Companies' CEO?

186 employees have rated Haverty Furniture Companies Chief Executive Officer Clarence H. Smith on Glassdoor.com. Clarence H. Smith has an approval rating of 76% among the company's employees.

What other stocks do shareholders of Haverty Furniture Companies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Haverty Furniture Companies investors own include Advanced Micro Devices (AMD), Walt Disney (DIS), AT&T (T), Verizon Communications (VZ), NVIDIA (NVDA), QUALCOMM (QCOM), Home Depot (HD), CVS Health (CVS), Applied Materials (AMAT) and Block (SQ).

Who are Haverty Furniture Companies' major shareholders?

Haverty Furniture Companies' stock is owned by a number of retail and institutional investors. Top institutional shareholders include LSV Asset Management (4.64%), Russell Investments Group Ltd. (0.58%), Empowered Funds LLC (0.45%), Assenagon Asset Management S.A. (0.44%), Principal Financial Group Inc. (0.43%) and Hennion & Walsh Asset Management Inc. (0.38%). Insiders that own company stock include Clarence H Smith, Jenny H Parker, John Linwood Gill, Mylle H Mangum, Rawson Haverty, Jr, Richard B Hare, Steven G Burdette and Vicki R Palmer.
View institutional ownership trends
.

How do I buy shares of Haverty Furniture Companies?

Shares of HVT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:HVT) was last updated on 5/9/2024 by MarketBeat.com Staff

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