Haverty Furniture Companies, Inc. (NYSE:HVT – Free Report) – Equities research analysts at Sidoti decreased their FY2026 earnings estimates for shares of Haverty Furniture Companies in a research note issued on Thursday, November 5th. Sidoti analyst A. Lebiedzinski now forecasts that the company will post earnings per share of $1.32 for the year, down from their prior forecast of $1.70. The consensus estimate for Haverty Furniture Companies’ current full-year earnings is $1.33 per share. Sidoti also issued estimates for Haverty Furniture Companies’ Q4 2027 earnings at $0.84 EPS and FY2027 earnings at $2.40 EPS.
HVT has been the topic of a number of other research reports. Wall Street Zen downgraded Haverty Furniture Companies from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings raised Haverty Furniture Companies from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 18th. Finally, Zacks Research cut Haverty Furniture Companies from a “hold” rating to a “strong sell” rating in a report on Friday, November 6th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Haverty Furniture Companies has a consensus rating of “Reduce”.
Read Our Latest Analysis on Haverty Furniture Companies
Haverty Furniture Companies Trading Up 0.1%
Haverty Furniture Companies stock opened at $26.21 on Monday. The firm has a market cap of $408.63 million, a P/E ratio of 20.78, a P/E/G ratio of 1.65 and a beta of 1.33. Haverty Furniture Companies has a 1-year low of $20.10 and a 1-year high of $30.60. The firm has a 50-day moving average of $27.90 and a 200-day moving average of $25.15.
Haverty Furniture Companies (NYSE:HVT – Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $203.15 million during the quarter, compared to analysts’ expectations of $206.87 million. Haverty Furniture Companies had a net margin of 3.10% and a return on equity of 6.96%. During the same quarter in the previous year, the firm posted $0.28 EPS.
Haverty Furniture Companies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 9th. Shareholders of record on Monday, November 23rd will be issued a dividend of $0.33 per share. The ex-dividend date is Monday, November 23rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.0%. Haverty Furniture Companies’s dividend payout ratio is 89.80%.
Insider Buying and Selling at Haverty Furniture Companies
In other news, Chairman Clarence Smith sold 20,991 shares of the 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 transaction, the chairman owned 71,705 shares of the company’s stock, valued at approximately $2,019,212.80. This represents a 22.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.40% of the company’s stock.
Institutional Investors Weigh In On Haverty Furniture Companies
Several hedge funds have recently made changes to their positions in the company. Ieq Capital LLC grew its stake in Haverty Furniture Companies by 77.7% in the third quarter. Ieq Capital LLC now owns 14,276 shares of the company’s stock worth $395,000 after purchasing an additional 6,244 shares during the period. Parallel Advisors LLC raised its holdings in Haverty Furniture Companies by 1.3% in the third quarter. Parallel Advisors LLC now owns 29,652 shares of the company’s stock worth $820,000 after purchasing an additional 380 shares in the last quarter. Tectonic Advisors LLC lifted 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 valued at $2,208,000 after buying an additional 17,053 shares during the period. State of Alaska Department of Revenue lifted 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 valued at $75,000 after buying an additional 809 shares during the period. Finally, Farther Finance Advisors LLC lifted 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 valued at $35,000 after buying an additional 573 shares during the period. 80.57% of the stock is currently owned by institutional investors.
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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