Haverty Furniture Companies Stock Price, News & Analysis (NYSE:HVT)

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Haverty Furniture Companies in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" HVT shares.
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1 brokerages have issued 1 year target prices for Haverty Furniture Companies' shares. Their HVT share price targets range from $41.00 to $41.00. On average, they predict the company's share price to reach $41.00 in the next year. This suggests a possible upside of 25.8% from the stock's current price.
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Haverty Furniture Companies' stock was trading at $29.90 at the start of the year. Since then, HVT stock has increased by 9.0% and is now trading at $32.60.
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Haverty Furniture Companies saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 1,130,000 shares, an increase of 8.7% from the October 15th total of 1,040,000 shares. Based on an average daily trading volume, of 81,300 shares, the days-to-cover ratio is presently 13.9 days. Currently, 8.4% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
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Haverty Furniture Companies, Inc. (NYSE:HVT) announced its quarterly earnings results on Wednesday, November, 1st. The company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.15. The business earned $220.35 million during the quarter, compared to the consensus estimate of $223.73 million. Haverty Furniture Companies had a trailing twelve-month return on equity of 21.55% and a net margin of 6.98%.

Haverty Furniture Companies announced a quarterly dividend on Friday, November 10th. Investors of record on Tuesday, November 28th will be paid a dividend of $0.30 per share on Wednesday, December 13th. This represents a $1.20 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Monday, November 27th.
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Haverty Furniture Companies (NYSE:HVT) pays an annual dividend of $1.20 per share and currently has a dividend yield of 3.73%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HVT will have a dividend payout ratio of 33.99% next year. This indicates that the company will be able to sustain or increase its dividend.
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ETFs with the largest weight of Haverty Furniture Companies (NYSE:HVT) stock in their portfolio include Roundhill Acquirers Deep Value ETF (DEEP), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Hartford Multifactor Small Cap ETF (ROSC), iShares US Small Cap Value Factor ETF (SVAL), Royce Quant Small-Cap Quality Value ETF (SQLV) and Syntax Stratified SmallCap ETF (SSLY).Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).

186 employees have rated Haverty Furniture Companies Chief Executive Officer Clarence H. Smith on Glassdoor.com. Clarence H. Smith has an approval rating of 76% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Haverty Furniture Companies investors own include Advanced Micro Devices (AMD), Walt Disney (DIS), AT&T (T), Verizon Communications (VZ), NVIDIA (NVDA), QUALCOMM (QCOM), Home Depot (HD), CVS Health (CVS), Applied Materials (AMAT) and Block (SQ).

Haverty Furniture Companies' stock is owned by a number of retail and institutional investors. Top institutional shareholders include LSV Asset Management (4.84%), Northern Trust Corp (2.04%), Invesco Ltd. (1.98%), Charles Schwab Investment Management Inc. (1.83%), Bank of New York Mellon Corp (1.64%) and Ameriprise Financial Inc. (1.45%). Insiders that own company stock include Clarence H Smith, J Edward Clary, Jenny H Parker, John Linwood Gill, Mylle H Mangum, Rawson Haverty Jr, Rawson Haverty, Jr, Richard B Hare, Steven G Burdette and Vicki R Palmer.
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Shares of HVT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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