Haverty Furniture Companies (NYSE:HVT – Get Free Report) announced its earnings results on Wednesday. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.17), FiscalAI reports. The firm had revenue of $203.15 million during the quarter, compared to analyst estimates of $206.87 million. Haverty Furniture Companies had a net margin of 2.93% and a return on equity of 7.15%. During the same period in the previous year, the firm posted $0.28 EPS.
Here are the key takeaways from Haverty Furniture Companies’ conference call:
- Third-quarter net sales rose 4.5% to $203.2 million, comparable sales increased 4.1%, and diluted EPS climbed to $0.39 from $0.28 a year ago. However, $3.2 million in tariff refunds boosted results; excluding refunds, EPS was $0.25.
- Traffic fell by mid-single digits, while conversion held steady and average ticket increased 7.4%, which management said was largely driven by pricing. Written comparable sales rose 2.3%, but the traffic decline points to continued demand softness.
- Management cited rising freight, fuel, material, insurance, LIFO, and credit costs, saying it is becoming harder to offset inflationary pressures. The company raised its expected 2026 variable SG&A range to 19.2%–19.4% of sales and said potential tariff changes add uncertainty.
- Designer sales grew 4%, custom upholstery orders increased 16.9%, and written e-commerce sales again posted double-digit growth. Havertys is expanding its store base, expects to end the year with 133 stores, and reported $120.3 million in cash with no funded debt.
Haverty Furniture Companies Trading Down 2.0%
Shares of HVT traded down $0.59 during mid-day trading on Wednesday, reaching $28.84. The company had a trading volume of 131,502 shares, compared to its average volume of 108,137. The stock has a market cap of $449.54 million, a price-to-earnings ratio of 21.20, a price-to-earnings-growth ratio of 1.58 and a beta of 1.33. The firm has a fifty day simple moving average of $27.98 and a 200-day simple moving average of $25.14. Haverty Furniture Companies has a fifty-two week low of $20.10 and a fifty-two week high of $30.60.
Haverty Furniture Companies Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Tuesday, August 25th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Tuesday, August 25th. Haverty Furniture Companies’s dividend payout ratio (DPR) is 97.06%.
Insider Activity at Haverty Furniture Companies
In related news, Chairman Clarence Smith sold 20,991 shares of Haverty Furniture Companies stock in a transaction on Monday, August 17th. The stock was sold at an average price of $28.16, for a total value of $591,106.56. Following the transaction, the chairman owned 71,705 shares in the company, valued at approximately $2,019,212.80. This trade represents a 22.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.40% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
HVT has been the topic of several recent analyst reports. Weiss Ratings raised shares of Haverty Furniture Companies from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 18th. Wall Street Zen raised shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Two research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, Haverty Furniture Companies presently has a consensus rating of “Hold”.
Check Out Our Latest Report on Haverty Furniture Companies
About Haverty Furniture Companies
Haverty Furniture Companies, Inc is a specialty home-furnishings retailer that sells furniture and related products for living rooms, bedrooms, dining rooms, home offices and other areas of the home. Its merchandise includes sofas, chairs, tables, beds, mattresses, case goods, rugs, lighting and home accessories, with products offered through its retail stores and website.
Founded in Atlanta in 1885 by James Joseph Haverty, the company has grown from a regional furniture business into a multi-state retailer.
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