Haverty Furniture Companies (NYSE:HVT) Cut to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Haverty Furniture Companies to “Hold” from “Buy.” Weiss Ratings also rates the stock “Hold,” matching the consensus of two analysts.
• Quarterly results fell short of expectations: EPS was $0.25 versus $0.42 forecast, and revenue was $203.15 million versus $206.87 million expected.
• Sidoti lowered its EPS estimates for the fourth quarter of 2026 and each quarter of 2027, pointing to weaker near-term earnings expectations.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold".

Haverty Furniture Companies Stock Down 3.5%

NYSE HVT opened at $25.15 on Friday. The firm has a market capitalization of $392.03 million, a PE ratio of 17.11, a P/E/G ratio of 1.58 and a beta of 1.33. Haverty Furniture Companies has a twelve month low of $20.10 and a twelve month high of $30.60. The stock's 50 day moving average is $27.95 and its 200 day moving average is $25.15.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.17). Haverty Furniture Companies had a net margin of 2.93% and a return on equity of 7.15%. The firm had revenue of $203.15 million for the quarter, compared to analyst estimates of $206.87 million. During the same period in the previous year, the firm posted $0.28 EPS. On average, research analysts anticipate that Haverty Furniture Companies will post 1.61 earnings per share for the current year.

Insider Activity at Haverty Furniture Companies

In other 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 transaction of $591,106.56. Following the completion of the transaction, the chairman directly owned 71,705 shares of the company's stock, 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 hyperlink. 8.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Haverty Furniture Companies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC grew its holdings in shares of Haverty Furniture Companies by 1.3% during the 3rd quarter. Parallel Advisors LLC now owns 29,652 shares of the company's stock valued at $820,000 after purchasing an additional 380 shares during the last quarter. Tectonic Advisors LLC grew its stake in shares of Haverty Furniture Companies by 27.2% in the 3rd 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 boosted its stake in Haverty Furniture Companies by 41.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 2,759 shares of the company's stock worth $75,000 after purchasing an additional 809 shares during the period. Farther Finance Advisors LLC grew its position in shares of Haverty Furniture Companies by 84.4% in the third quarter. Farther Finance Advisors LLC now owns 1,252 shares of the company's stock valued at $35,000 after purchasing an additional 573 shares during the period. Finally, Engineers Gate Manager LP grew its holdings in shares of 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 during the last quarter. Institutional investors and hedge funds own 80.57% of the company's stock.

Trending Headlines about 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

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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