Sidoti Csr Has Bearish Outlook 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) - Equities researchers at Sidoti Csr dropped their FY2025 earnings per share (EPS) estimates for Haverty Furniture Companies in a research report issued to clients and investors on Thursday, July 24th. Sidoti Csr analyst A. Lebiedzinski now anticipates that the company will post earnings of $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.

A number of other research firms also recently issued reports on HVT. Sidoti raised Haverty Furniture Companies to a "hold" rating in a research report on Tuesday, April 29th. Wall Street Zen downgraded Haverty Furniture Companies from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th.

Haverty Furniture Companies Trading Up 0.6%

HVT stock opened at $21.39 on Monday. The stock has a 50-day moving average price of $20.81 and a two-hundred day moving average price of $20.74. Haverty Furniture Companies has a 12-month low of $17.01 and a 12-month high of $29.85. The company has a market cap of $345.37 million, a PE ratio of 16.97, a price-to-earnings-growth ratio of 1.55 and a beta of 1.36.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.09. Haverty Furniture Companies had a return on equity of 6.94% and a net margin of 2.96%. The business had revenue of $181.60 million during the quarter, compared to the consensus estimate of $178.36 million.

Haverty Furniture Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Monday, June 2nd were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 5.99%. The ex-dividend date was Monday, June 2nd. Haverty Furniture Companies's payout ratio is 101.59%.

Insider Buying and Selling at Haverty Furniture Companies

In other news, Director Rawson Haverty, Jr. sold 1,500 shares of the company's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $20.67, for a total value of $31,005.00. Following the completion of the sale, the director owned 38,023 shares of the company's stock, valued at $785,935.41. This represents a 3.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.63% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Pzena Investment Management LLC boosted its holdings 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 purchasing an additional 594,476 shares during the last quarter. Inspire Investing LLC boosted its holdings in Haverty Furniture Companies by 8.9% in the second quarter. Inspire Investing LLC now owns 18,987 shares of the company's stock valued at $386,000 after purchasing an additional 1,556 shares during the last quarter. Truist Financial Corp purchased a new position in Haverty Furniture Companies in the second quarter valued at about $204,000. Jane Street Group LLC boosted 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 purchasing an additional 70,060 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in Haverty Furniture Companies by 7.4% in 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 last quarter. Hedge funds and other institutional investors own 80.57% of the company's stock.

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.

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