Sidoti Equities Analysts Raise Earnings Estimates for HVT

Haverty Furniture Companies, Inc. (NYSE:HVT) – Equities research analysts at Sidoti lifted their FY2026 earnings per share (EPS) estimates for Haverty Furniture Companies in a research note issued on Wednesday, August 5th. Sidoti analyst A. Lebiedzinski now anticipates that the company will post earnings of $1.76 per share for the year, up from their prior estimate of $1.73. The consensus estimate for Haverty Furniture Companies’ current full-year earnings is $1.64 per share.

Haverty Furniture Companies (NYSE:HVT) last announced its earnings results on Tuesday, August 4th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $194.94 million during the quarter, compared to analysts’ expectations of $189.19 million. Haverty Furniture Companies had a return on equity of 7.15% and a net margin of 2.93%.

Other equities research analysts also recently issued reports about the company. Zacks Research raised Haverty Furniture Companies from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Haverty Furniture Companies in a report on Tuesday, August 4th. Finally, Wall Street Zen downgraded shares of Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Haverty Furniture Companies presently has a consensus rating of “Hold”.

Haverty Furniture Companies Stock Down 0.7%

HVT opened at $28.88 on Tuesday. The firm has a market cap of $464.68 million, a price-to-earnings ratio of 21.24, a price-to-earnings-growth ratio of 1.48 and a beta of 1.20. Haverty Furniture Companies has a 52 week low of $19.89 and a 52 week high of $29.83. The business’s 50 day moving average is $25.08 and its two-hundred day moving average is $23.86.

Haverty Furniture Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Tuesday, August 25th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.6%. Haverty Furniture Companies’s dividend payout ratio is 97.06%.

Institutional Trading of Haverty Furniture Companies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in Haverty Furniture Companies during the second quarter worth about $31,000. CANADA LIFE ASSURANCE Co grew its holdings in shares of Haverty Furniture Companies by 57.0% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,721 shares of the company’s stock worth $40,000 after acquiring an additional 625 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Haverty Furniture Companies in the 4th quarter worth approximately $45,000. Fifth Third Bancorp purchased a new position in Haverty Furniture Companies in the 1st quarter valued at approximately $49,000. Finally, State of Wyoming purchased a new position in Haverty Furniture Companies in the 2nd quarter valued at approximately $58,000. Institutional investors and hedge funds own 80.57% of the company’s stock.

Haverty Furniture Companies Company Profile

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and home décor in the United States. Founded in 1885 by J.J. Haverty and headquartered in Atlanta, Georgia, the company offers a broad assortment of upholstered furniture, case goods, mattresses, area rugs and decorative accessories. Customers can shop through a network of company-owned showrooms as well as an e-commerce platform, supported by in-house design services, delivery options and consumer financing programs.

Over more than a century of operation, Havertys has expanded its presence primarily across the Southeast and select markets beyond.