Haverty Furniture Companies - HVT Stock Forecast, Price & News

Haverty Furniture Companies' stock was trading at $29.90 on January 1st, 2023. Since then, HVT shares have increased by 18.6% and is now trading at $35.47.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023.
View our HVT earnings forecast.

Haverty Furniture Companies, Inc. (NYSE:HVT) released its quarterly earnings data on Thursday, October, 28th. The company reported $1.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.34 by $0.03. The company had revenue of $260.38 million for the quarter, compared to the consensus estimate of $263.20 million. Haverty Furniture Companies had a trailing twelve-month return on equity of 33.72% and a net margin of 8.71%. During the same period last year, the company posted $0.97 EPS.

Haverty Furniture Companies declared a quarterly dividend on Friday, November 11th. Shareholders of record on Monday, November 28th will be paid a dividend of $0.28 per share on Tuesday, December 13th. This represents a $1.12 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Friday, November 25th.
Read our dividend analysis for HVT.

Haverty Furniture Companies (NYSE:HVT) pays an annual dividend of $1.12 per share and currently has a dividend yield of 3.08%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 21.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HVT will have a dividend payout ratio of 25.75% 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 variety of institutional and retail investors. Top institutional shareholders include LSV Asset Management (4.62%), Assenagon Asset Management S.A. (0.34%), Exchange Traded Concepts LLC (0.24%), Swiss National Bank (0.21%), Hennion & Walsh Asset Management Inc. (0.21%) and State Board of Administration of Florida Retirement System (0.20%). Insiders that own company stock include Clarence H Smith, G Thomas Hough, J Edward Clary, Mylle H Mangum, Rawson Haverty Jr, Rawson Haverty, Jr and Steven G Burdette.
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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 $35.47.

Haverty Furniture Companies (NYSE:HVT) has a market capitalization of $572.84 million and generates $1.01 billion in revenue each year. The company earns $90.80 million in net income (profit) each year or $5.19 on an earnings per share basis.

The company employs 2,845 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.