What is Sidoti Csr's Estimate for HVT FY2025 Earnings?

Key Points

• Sidoti Csr has lowered its FY2025 earnings per share estimate for Haverty Furniture Companies from $1.50 to $1.20, while the current consensus estimate is at $0.88.
• The company's quarterly dividend of $0.32, paid in June, reflects a dividend yield of 5.99%, with a payout ratio exceeding 100%.
• Insider transactions indicated a 3.80% decrease in ownership by Director Rawson Haverty, Jr., following the sale of 1,500 shares at approximately $20.67 each.

Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) - Stock analysts at Sidoti Csr decreased their FY2025 EPS estimates for shares of Haverty Furniture Companies in a note issued to investors on Thursday, July 24th. Sidoti Csr analyst A. Lebiedzinski now expects that the company will earn $1.20 per share for the year, down from their prior forecast of $1.50. The consensus estimate for Haverty Furniture Companies' current full-year earnings is $0.88 per share. Sidoti Csr also issued estimates for Haverty Furniture Companies' Q4 2026 earnings at $1.15 EPS.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.01. Haverty Furniture Companies had a return on equity of 6.94% and a net margin of 2.96%. The business had revenue of $181.03 million during the quarter, compared to analysts' expectations of $177.11 million.

Other equities research analysts also recently issued reports about the stock. Sidoti upgraded shares of Haverty Furniture Companies to a "hold" rating in a research report on Tuesday, April 29th. Wall Street Zen downgraded shares of Haverty Furniture Companies from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th.

Haverty Furniture Companies Price Performance

Haverty Furniture Companies stock traded down $0.46 during trading hours on Monday, hitting $20.42. The company had a trading volume of 20,202 shares, compared to its average volume of 131,371. The firm has a market cap of $329.70 million, a PE ratio of 16.21, a PEG ratio of 1.53 and a beta of 1.36. Haverty Furniture Companies has a one year low of $17.01 and a one year high of $29.85. The firm has a 50-day moving average of $20.84 and a 200 day moving average of $20.75.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Pzena Investment Management LLC increased its stake in Haverty Furniture Companies by 61.5% in the second quarter. Pzena Investment Management LLC now owns 1,560,557 shares of the company's stock valued at $31,757,000 after acquiring an additional 594,476 shares during the last quarter. Inspire Investing LLC lifted its holdings in shares of Haverty Furniture Companies by 8.9% during the second quarter. Inspire Investing LLC now owns 18,987 shares of the company's stock worth $386,000 after purchasing an additional 1,556 shares during the period. Truist Financial Corp acquired a new position in shares of Haverty Furniture Companies during the second quarter worth $204,000. Jane Street Group LLC lifted its holdings in Haverty Furniture Companies by 68.7% in the first quarter. Jane Street Group LLC now owns 172,099 shares of the company's stock valued at $3,394,000 after buying an additional 70,060 shares during the period. Finally, Empowered Funds LLC raised its holdings in shares of Haverty Furniture Companies by 7.4% during the first quarter. Empowered Funds LLC now owns 92,185 shares of the company's stock valued at $1,818,000 after purchasing an additional 6,387 shares during the period. 80.57% of the stock is owned by institutional investors.

Insider Transactions at Haverty Furniture Companies

In related news, Director Rawson Haverty, Jr. sold 1,500 shares of Haverty Furniture Companies stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $20.67, for a total value of $31,005.00. Following the transaction, the director directly owned 38,023 shares of the company's stock, valued at $785,935.41. This trade represents a 3.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 8.63% of the stock is owned by company insiders.

Haverty Furniture Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Monday, June 2nd were paid a $0.32 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 6.27%. Haverty Furniture Companies's dividend payout ratio (DPR) is 101.59%.

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.