Sidoti Csr Has Pessimistic Outlook of HVT FY2024 Earnings

Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) - Research analysts at Sidoti Csr reduced their FY2024 earnings per share estimates for Haverty Furniture Companies in a report released on Thursday, October 31st. Sidoti Csr analyst A. Lebiedzinski now expects that the company will post earnings of $1.00 per share for the year, down from their previous forecast of $1.52. The consensus estimate for Haverty Furniture Companies' current full-year earnings is $1.39 per share. Sidoti Csr also issued estimates for Haverty Furniture Companies' Q4 2024 earnings at $0.30 EPS, Q1 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.60 EPS, Q4 2025 earnings at $0.85 EPS and FY2025 earnings at $2.33 EPS.

Separately, StockNews.com lowered Haverty Furniture Companies from a "buy" rating to a "hold" rating in a research note on Friday, October 25th.

Haverty Furniture Companies Stock Performance

Shares of HVT stock traded down $0.06 during trading hours on Monday, hitting $21.90. The company had a trading volume of 188,121 shares, compared to its average volume of 184,194. Haverty Furniture Companies has a 12 month low of $21.61 and a 12 month high of $37.05. The firm has a market capitalization of $359.34 million, a price-to-earnings ratio of 13.82, a PEG ratio of 1.32 and a beta of 1.48. The firm's fifty day moving average is $25.89 and its 200 day moving average is $27.04.

Haverty Furniture Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 5.84%. The ex-dividend date was Monday, August 26th. Haverty Furniture Companies's payout ratio is currently 80.50%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its holdings in shares of Haverty Furniture Companies by 179.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,506 shares of the company's stock worth $324,000 after acquiring an additional 6,101 shares in the last quarter. Wulff Hansen & CO. lifted its holdings in Haverty Furniture Companies by 2,503.4% during the 2nd quarter. Wulff Hansen & CO. now owns 573,122 shares of the company's stock worth $14,494,000 after buying an additional 551,108 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Haverty Furniture Companies by 82.2% during the 1st quarter. BNP Paribas Financial Markets now owns 20,694 shares of the company's stock worth $706,000 after buying an additional 9,335 shares in the last quarter. Vest Financial LLC acquired a new position in Haverty Furniture Companies during the 2nd quarter worth $1,087,000. Finally, Vanguard Group Inc. lifted its holdings in Haverty Furniture Companies by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 1,105,487 shares of the company's stock worth $37,719,000 after buying an additional 17,354 shares in the last quarter. 80.57% of the stock is owned by institutional investors and hedge funds.

Haverty Furniture Companies Company Profile

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.