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

Company Overview

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.

Key Stats

• Today's Range: $23.00 to $23.34
• 50-Day Range: $21.90 to $26.04
• 52-Week Range: $21.61 to $37.05
• Volume: 15,615 shs
• Average Volume: 180,791 shs
• Market Capitalization: $379.85 million
• P/E Ratio: 14.56
• Dividend Yield: 5.53%
• Price Target: $45.00
• Consensus Rating: Buy

Haverty Furniture Companies Stock Analysis - MarketRank™

Haverty Furniture Companies scored higher than 98% of companies evaluated by MarketBeat, and ranked 7th out of 220 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Haverty Furniture Companies has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Haverty Furniture Companies has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 101.08%

Earnings Growth

Earnings for Haverty Furniture Companies are expected to grow by 101.08% in the coming year, from $0.93 to $1.87 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Haverty Furniture Companies is 14.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.63.

Price to Earnings Ratio vs. Sector

The P/E ratio of Haverty Furniture Companies is 14.56, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 120.11.

Price to Earnings Growth Ratio

Haverty Furniture Companies has a PEG Ratio of 2.10. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Haverty Furniture Companies has a P/B Ratio of 1.21. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

10.25% of the float of Haverty Furniture Companies has been sold short.

Short Interest Ratio / Days to Cover

Haverty Furniture Companies has a short interest ratio ("days to cover") of 4.6.

Change versus previous month

Short interest in Haverty Furniture Companies has recently decreased by 1.44%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Haverty Furniture Companies is a leading dividend payer. It pays a dividend yield of 5.52%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Haverty Furniture Companies does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Haverty Furniture Companies is 80.50%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Haverty Furniture Companies will have a dividend payout ratio of 68.45% next year. This indicates that Haverty Furniture Companies will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.0 / 5
• Environmental Score: -1.25

Percentage of Shares Shorted

10.25% of the float of Haverty Furniture Companies has been sold short.

Short Interest Ratio / Days to Cover

Haverty Furniture Companies has a short interest ratio ("days to cover") of 4.6.

Change versus previous month

Short interest in Haverty Furniture Companies has recently decreased by 1.44%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.7 / 5
• News Sentiment: 1.65

News Sentiment

Haverty Furniture Companies has a news sentiment score of 1.65. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Haverty Furniture Companies this week, compared to 1 article on an average week.

Search Interest

2 people have searched for HVT on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Haverty Furniture Companies insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 8.89% of the stock of Haverty Furniture Companies is held by insiders.

Percentage Held by Institutions

80.57% of the stock of Haverty Furniture Companies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HVT Stock Analysis - Frequently Asked Questions

How have HVT shares performed this year?

Haverty Furniture Companies' stock was trading at $35.50 on January 1st, 2024. Since then, HVT shares have decreased by 34.8% and is now trading at $23.15.
View the best growth stocks for 2024 here.

How were Haverty Furniture Companies' earnings last quarter?

Haverty Furniture Companies, Inc. (NYSE:HVT) posted its quarterly earnings results on Thursday, October, 28th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by $0.03. The company earned $260.38 million during the quarter, compared to analyst estimates of $263.20 million. Haverty Furniture Companies had a net margin of 3.57% and a trailing twelve-month return on equity of 8.69%.

Who are Haverty Furniture Companies' major shareholders?

Haverty Furniture Companies' top institutional shareholders include Pzena Investment Management LLC (4.39%), Hotchkis & Wiley Capital Management LLC (2.60%), State Street Corp (2.28%) and Jane Street Group LLC (2.22%). Insiders that own company stock include Rawson Haverty, Jr, Clarence H Smith, Jenny H Parker, John Linwood Gill, Richard B Hare, Steven G Burdette and Mylle H Mangum.
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.

What other stocks do shareholders of Haverty Furniture Companies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Haverty Furniture Companies investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), Netflix (NFLX), Broadcom (AVGO) and Home Depot (HD).

Company Calendar

• Last Earnings: 10/28/2021
• Ex-Dividend for 12/12 Dividend: 11/26/2024
• Dividend Payable: 12/12/2024
• Today: 12/18/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Retail/Wholesale
• Industry: Furniture stores
• Sub-Industry: Homefurnishing Retail
• Current Symbol: NYSE:HVT
• CUSIP: 41959610
• CIK: 216085
• Web: www.havertys.com
• Phone: (404) 443-2900
• Fax: 404-443-4180
• 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: +94.4%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.59
• Trailing P/E Ratio: 14.56
• Forward P/E Ratio: 24.89
• P/E Growth: 2.1
• Net Income: $56.32 million
• Net Margins: 3.57%
• Pretax Margin: 4.67%
• Return on Equity: 8.69%
• Return on Assets: 4.12%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.82
• Quick Ratio: 1.17

Sales & Book Value

• Annual Sales: $749.29 million
• Price / Sales: 0.51
• Cash Flow: $4.58 per share
• Price / Cash Flow: 5.05
• Book Value: $19.10 per share
• Price / Book: 1.21

Miscellaneous

• Outstanding Shares: 16,408,000
• Free Float: 14,949,000
• Market Cap: $379.85 million
• Optionable: Optionable
• Beta: 1.47