Haverty Furniture Companies (NYSE:HVT – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.17), FiscalAI reports. Haverty Furniture Companies had a return on equity of 7.15% and a net margin of 2.93%. The company had revenue of $203.15 million during the quarter, compared to analysts’ expectations of $206.87 million. During the same quarter in the previous year, the company earned $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 Price Performance
Shares of HVT traded down $3.21 during mid-day trading on Thursday, reaching $26.13. 190,318 shares of the company’s stock traded hands, compared to its average volume of 109,019. Haverty Furniture Companies has a 12 month low of $20.10 and a 12 month high of $30.60. The stock has a market cap of $407.40 million, a P/E ratio of 19.21, a P/E/G ratio of 1.53 and a beta of 1.33. The stock’s 50-day moving average is $28.01 and its two-hundred day moving average is $25.16.
Haverty Furniture Companies Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Tuesday, August 25th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Tuesday, August 25th. Haverty Furniture Companies’s dividend payout ratio is 97.06%.
Insider Buying and Selling at Haverty Furniture Companies
In related news, Chairman Clarence Smith sold 20,991 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chairman owned 71,705 shares in the company, valued at approximately $2,019,212.80. The trade was a 22.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.40% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have recently weighed in on HVT. Weiss Ratings raised Haverty Furniture Companies from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 18th. Wall Street Zen raised shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Two investment analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company presently has an average rating of “Hold”.
Get Our Latest Report on Haverty Furniture Companies
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.
Further Reading
- Five stocks we like better than Haverty Furniture Companies
- Google’s Credit Backstop May Be TeraWulf’s Biggest Advantage
- Could the Midterms Revive Medicare for All? 3 Healthcare Stocks to Watch
- Qualcomm Beat Earnings, But Its Fastest-Growing Businesses Have a Catch
- Oil, Uranium, or Renewables? 3 Energy Plays for a Changing Market
Receive News & Ratings for Haverty Furniture Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Haverty Furniture Companies and related companies with MarketBeat.com's FREE daily email newsletter.
