Wall Street Zen lowered shares of Haverty Furniture Companies (NYSE:HVT – Free Report) from a buy rating to a hold rating in a report published on Saturday morning,Wall Street Zen reports.
Separately, Weiss Ratings upgraded Haverty Furniture Companies from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 18th. Two research analysts have rated the stock with a Hold rating. According to MarketBeat.com, Haverty Furniture Companies currently has an average rating of “Hold”.
Read Our Latest Research Report on Haverty Furniture Companies
Haverty Furniture Companies Trading Down 3.5%
Shares of HVT stock opened at $25.15 on Friday. Haverty Furniture Companies has a 12-month low of $20.10 and a 12-month high of $30.60. The business’s fifty day simple moving average is $27.95 and its 200-day simple moving average is $25.15. The company has a market cap of $392.03 million, a PE ratio of 17.11, a PEG ratio of 1.31 and a beta of 1.33.
Haverty Furniture Companies (NYSE:HVT – Get Free Report) last issued its earnings results on Wednesday, November 4th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.17). Haverty Furniture Companies had a return on equity of 6.96% and a net margin of 3.10%. The firm had revenue of $203.15 million during the quarter, compared to analysts’ expectations of $206.87 million. During the same quarter last year, the business earned $0.28 EPS. On average, equities analysts forecast that Haverty Furniture Companies will post 1.35 earnings per share for the current year.
Insider Buying and Selling at Haverty Furniture Companies
In other Haverty Furniture Companies news, Chairman Clarence Smith sold 20,991 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $28.16, for a total value of $591,106.56. Following the completion of the transaction, the chairman owned 71,705 shares in the company, valued at approximately $2,019,212.80. This represents a 22.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 8.40% of the company’s stock.
Hedge Funds Weigh In On Haverty Furniture Companies
Large investors have recently bought and sold shares of the business. Parallel Advisors LLC grew its stake in Haverty Furniture Companies by 1.3% in the 3rd quarter. Parallel Advisors LLC now owns 29,652 shares of the company’s stock valued at $820,000 after acquiring an additional 380 shares during the period. Tectonic Advisors LLC raised its position in Haverty Furniture Companies by 27.2% during the third quarter. Tectonic Advisors LLC now owns 79,791 shares of the company’s stock worth $2,208,000 after acquiring an additional 17,053 shares during the period. State of Alaska Department of Revenue raised its position in Haverty Furniture Companies by 41.5% during the third quarter. State of Alaska Department of Revenue now owns 2,759 shares of the company’s stock worth $75,000 after acquiring an additional 809 shares during the period. Farther Finance Advisors LLC raised its position in Haverty Furniture Companies by 84.4% during the third quarter. Farther Finance Advisors LLC now owns 1,252 shares of the company’s stock worth $35,000 after acquiring an additional 573 shares during the period. Finally, Engineers Gate Manager LP lifted its holdings in Haverty Furniture Companies by 121.1% during the second quarter. Engineers Gate Manager LP now owns 22,858 shares of the company’s stock valued at $584,000 after purchasing an additional 12,518 shares in the last quarter. Institutional investors and hedge funds own 80.57% of the company’s stock.
Key Stories Impacting Haverty Furniture Companies
Here are the key news stories impacting Haverty Furniture Companies this week:
- Positive Sentiment: The board declared a quarterly cash dividend of $0.33 per common share and $0.31 per Class A share, payable December 9 to shareholders of record November 23. Havertys Furniture Fourth Quarter 2026 Cash Dividend
- Positive Sentiment: Sidoti projects $3.31 in earnings per share for FY2028, suggesting a substantial longer-term earnings increase versus the current-year consensus of $1.61; this is an analyst forecast, not company guidance. MarketBeat analyst estimates
- Negative Sentiment: Sidoti lowered its estimates for Q4 2026 and each quarter of 2027: Q4 EPS to $0.57 from $0.73, Q1 to $0.38 from $0.50, Q2 to $0.43 from $0.56, and Q3 to $0.75 from $0.87. These cuts signal weaker near-term earnings expectations. MarketBeat analyst estimates
- Negative Sentiment: The latest reported quarter also missed expectations: HVT posted EPS of $0.25 versus $0.42 expected, while revenue of $203.15 million came in below the $206.87 million estimate. Q3 2026 earnings call highlights
Haverty Furniture Companies Company Profile
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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