Haverty Furniture Companies (HVT) Stock Forecast, Price & News

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 analysts have issued twelve-month price targets for Haverty Furniture Companies' shares. Their HVT share price forecasts range from $41.00 to $41.00. On average, they anticipate the company's share price to reach $41.00 in the next twelve months. This suggests a possible upside of 42.7% 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 shares have decreased by 3.9% and is now trading at $28.73.
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Haverty Furniture Companies saw a increase in short interest during the month of August. As of August 15th, there was short interest totaling 1,090,000 shares, an increase of 12.6% from the July 31st total of 968,300 shares. Based on an average daily trading volume, of 114,300 shares, the short-interest ratio is presently 9.5 days. Approximately 8.1% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
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Haverty Furniture Companies, Inc. (NYSE:HVT) issued its quarterly earnings data on Tuesday, August, 1st. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by $0.09. The company had revenue of $206.29 million for the quarter, compared to analyst estimates of $226.60 million. Haverty Furniture Companies had a trailing twelve-month return on equity of 24.67% and a net margin of 7.35%.

Haverty Furniture Companies declared a quarterly dividend on Friday, August 11th. Shareholders of record on Monday, August 28th will be paid a dividend of $0.30 per share on Wednesday, September 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Friday, August 25th.
Read our dividend analysis for HVT.

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).

Haverty Furniture Companies (NYSE:HVT) pays an annual dividend of $1.20 per share and currently has a dividend yield of 4.26%. HVT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 27.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HVT will have a dividend payout ratio of 30.38% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HVT.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "HVT."

Haverty Furniture Companies' stock is owned by a number of retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (5.17%), LSV Asset Management (4.95%), State Street Corp (3.30%), Northern Trust Corp (2.05%), Geode Capital Management LLC (1.86%) and Charles Schwab Investment Management Inc. (1.81%). 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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One share of HVT stock can currently be purchased for approximately $28.73.

Haverty Furniture Companies (NYSE:HVT) has a market capitalization of $470.31 million and generates $1.05 billion in revenue each year. The company earns $89.36 million in net income (profit) each year or $4.29 on an earnings per share basis.

The company employs 2,831 workers across the globe.

Haverty Furniture Companies' mailing address is 780 JOHNSON FERRY ROAD SUITE 800, ATLANTA GA, 30342. The official website for the company is www.havertys.com. The company can be reached via phone at (404) 443-2900 or via fax at 404-443-4180.