Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) - Analysts at Telsey Advisory Group decreased their Q1 2024 earnings per share (EPS) estimates for shares of Haverty Furniture Companies in a research report issued on Friday, April 26th. Telsey Advisory Group analyst C. Fernandez now forecasts that the company will earn $0.30 per share for the quarter, down from their prior estimate of $0.35. The consensus estimate for Haverty Furniture Companies' current full-year earnings is $2.34 per share. Telsey Advisory Group also issued estimates for Haverty Furniture Companies' Q4 2024 earnings at $0.72 EPS, FY2024 earnings at $2.00 EPS, Q1 2025 earnings at $0.51 EPS, Q2 2025 earnings at $0.61 EPS, Q4 2025 earnings at $1.10 EPS and FY2025 earnings at $3.20 EPS.
Haverty Furniture Companies (NYSE:HVT - Get Free Report) last released its earnings results on Wednesday, February 21st. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.95 by ($0.06). Haverty Furniture Companies had a net margin of 6.53% and a return on equity of 18.36%. The company had revenue of $210.74 million during the quarter, compared to analysts' expectations of $230.06 million.
Separately, StockNews.com downgraded Haverty Furniture Companies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, January 6th.
Check Out Our Latest Report on Haverty Furniture Companies
Haverty Furniture Companies Stock Performance
Shares of HVT stock traded down $0.14 on Monday, hitting $31.17. The stock had a trading volume of 61,791 shares, compared to its average volume of 100,955. The stock's 50 day moving average is $32.42 and its 200-day moving average is $32.49. The firm has a market capitalization of $503.31 million, a price-to-earnings ratio of 9.30, a P/E/G ratio of 1.12 and a beta of 1.53. Haverty Furniture Companies has a 52-week low of $25.05 and a 52-week high of $37.05.
Haverty Furniture Companies Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Monday, March 11th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend was Friday, March 8th. Haverty Furniture Companies's dividend payout ratio (DPR) is presently 35.82%.
Institutional Trading of Haverty Furniture Companies
Several institutional investors have recently modified their holdings of HVT. Assenagon Asset Management S.A. lifted its stake in Haverty Furniture Companies by 19.0% during the first quarter. Assenagon Asset Management S.A. now owns 70,422 shares of the company's stock valued at $2,403,000 after purchasing an additional 11,244 shares during the last quarter. Denali Advisors LLC boosted its stake in shares of Haverty Furniture Companies by 61.1% during the 1st quarter. Denali Advisors LLC now owns 56,400 shares of the company's stock worth $1,924,000 after acquiring an additional 21,400 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Haverty Furniture Companies by 179.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,506 shares of the company's stock worth $324,000 after acquiring an additional 6,101 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Haverty Furniture Companies by 1.5% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 60,706 shares of the company's stock worth $2,071,000 after acquiring an additional 907 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC raised its position in shares of Haverty Furniture Companies by 66.8% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 14,604 shares of the company's stock worth $518,000 after purchasing an additional 5,847 shares during the period. Institutional investors and hedge funds own 80.57% of the company's stock.
About Haverty Furniture Companies
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Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and accessories in the United States. The company offers furniture merchandise under the Havertys brand name. It also provides custom upholstery products and eclectic looks; and mattress product lines under the Tempur-Pedic, Serta, Sealy, and Stearns and Foster names.
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