Haverty Furniture Companies, Inc. Expected to Earn Q4 2024 Earnings of $0.76 Per Share (NYSE:HVT)

Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) - Stock analysts at Sidoti Csr decreased their Q4 2024 earnings per share estimates for shares of Haverty Furniture Companies in a research note issued on Thursday, May 2nd. Sidoti Csr analyst A. Lebiedzinski now forecasts that the company will earn $0.76 per share for the quarter, down from their prior estimate of $0.91. The consensus estimate for Haverty Furniture Companies' current full-year earnings is $2.34 per share. Sidoti Csr also issued estimates for Haverty Furniture Companies' Q2 2025 earnings at $0.55 EPS.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $0.95 by ($0.06). The company had revenue of $210.74 million during the quarter, compared to analyst estimates of $230.06 million. Haverty Furniture Companies had a net margin of 5.64% and a return on equity of 14.94%.

Separately, Benchmark reiterated a "buy" rating and set a $45.00 price objective on shares of Haverty Furniture Companies in a research report on Thursday.

Haverty Furniture Companies Stock Performance

Shares of NYSE HVT traded up $0.77 during trading hours on Monday, reaching $29.48. 150,089 shares of the stock were exchanged, compared to its average volume of 103,951. The stock's fifty day simple moving average is $32.08 and its 200 day simple moving average is $32.55. The firm has a market capitalization of $476.10 million, a price-to-earnings ratio of 10.44, a P/E/G ratio of 1.02 and a beta of 1.54. Haverty Furniture Companies has a 52 week low of $25.05 and a 52 week high of $37.05.

Hedge Funds Weigh In On Haverty Furniture Companies

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its holdings in shares of Haverty Furniture Companies by 82.2% in the first quarter. BNP Paribas Financial Markets now owns 20,694 shares of the company's stock worth $706,000 after acquiring an additional 9,335 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Haverty Furniture Companies by 179.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,506 shares of the company's stock worth $324,000 after purchasing an additional 6,101 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Haverty Furniture Companies by 19.0% in the first quarter. Assenagon Asset Management S.A. now owns 70,422 shares of the company's stock worth $2,403,000 after acquiring an additional 11,244 shares during the period. Denali Advisors LLC raised its holdings in 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 purchasing an additional 21,400 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position 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 purchasing an additional 907 shares during the period. 80.57% of the stock is currently owned by institutional investors and hedge funds.

Haverty Furniture Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.34%. This is an increase from Haverty Furniture Companies's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, May 23rd. Haverty Furniture Companies's dividend payout ratio is presently 43.64%.

Haverty Furniture Companies Company Profile

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.