NYSE:HVT

Haverty Furniture Companies Stock Forecast, Price & News

$33.14

-0.72 (-2.13 %)

(As of 01/15/2021 12:00 AM ET)

Add

Compare

Today's Range

$32.14

Now: $33.14▼

$33.76

50-Day Range

$25.57

MA: $28.36▼

$33.86

52-Week Range

$9.81

Now: $33.14▼

$34.14

Volume196,281 shs

Average Volume229,525 shs

Market Capitalization$603.48 million

P/E Ratio15.86

Dividend Yield2.72%

Beta1.66

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 mattress product lines under the Sealy, Tempur-Pedic, Serta, Stearns & Foster, Beautyrest Black, and Scott Living names, as well as private label Skye name. The company sells home furnishings through its retail stores, as well as through its Website. As of April 01, 2020, it operated 120 showrooms in 16 states in the Southern and Midwestern regions. Haverty Furniture Companies, Inc. was founded in 1885 and is headquartered in Atlanta, Georgia.

MarketRank^™

Overall MarketRank^™

2.05 out of 5 stars

Retail/Wholesale Sector

24th out of 333 stocks

Furniture Stores Industry

1st out of 3 stocks

1.5 Analyst's Opinion

Consensus Rating
Haverty Furniture Companies has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $36.00, Haverty Furniture Companies has a forecasted upside of 8.6% from its current price of $33.14.
Amount of Analyst Coverage
Haverty Furniture Companies has only been the subject of 1 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
Haverty Furniture Companies has received 370 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Haverty Furniture Companies has received 423 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Haverty Furniture Companies has received 53.34% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Haverty Furniture Companies and other stocks. Vote “Outperform” if you believe HVT will outperform the S&P 500 over the long term. Vote “Underperform” if you believe HVT will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Yield
Haverty Furniture Companies pays a meaningful dividend of 2.72%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Haverty Furniture Companies does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Haverty Furniture Companies is 75.21%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Haverty Furniture Companies will have a dividend payout ratio of 51.76% next year. This indicates that Haverty Furniture Companies will be able to sustain or increase its dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Haverty Furniture Companies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $285,980.00 in company stock.
Percentage Held by Insiders
Only 7.99% of the stock of Haverty Furniture Companies is held by insiders.
Percentage Held by Institutions
81.86% of the stock of Haverty Furniture Companies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1 Earnings and Valuation

Earnings Growth
Earnings for Haverty Furniture Companies are expected to grow by 19.72% in the coming year, from $1.42 to $1.70 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Haverty Furniture Companies is 15.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.25.
Price to Earnings Ratio vs. Sector
The P/E ratio of Haverty Furniture Companies is 15.86, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 32.54.
Price to Book Value per Share Ratio
Haverty Furniture Companies has a P/B Ratio of 2.43. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Furniture stores

Sub-IndustryHomefurnishing Retail

SectorRetail/Wholesale

Current SymbolNYSE:HVT

Previous Symbol

CUSIP41959610

CIK216085

Webwww.havertys.com

Phone404-443-2900

Employees3,425

Debt

Debt-to-Equity RatioN/A

Current Ratio1.64

Quick Ratio1.19

Price-To-Earnings

Trailing P/E Ratio15.86

Forward P/E Ratio23.34

P/E GrowthN/A

Sales & Book Value

Annual Sales$802.29 million

Price / Sales0.75

Cash Flow$2.38 per share

Price / Cash Flow13.94

Book Value$13.63 per share

Price / Book2.43

Profitability

EPS (Most Recent Fiscal Year)$1.17

Net Income$21.86 million

Net Margins5.52%

Return on Equity6.19%

Return on Assets2.60%

Miscellaneous

Outstanding Shares18,210,000

Market Cap$603.48 million

Next Earnings Date2/16/2021 (Estimated)

OptionableOptionable

$33.14

-0.72 (-2.13 %)

(As of 01/15/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

Receive HVT News and Ratings via Email

Sign-up to receive the latest news and ratings for HVT and its competitors with MarketBeat's FREE daily newsletter.

Haverty Furniture Companies (NYSE:HVT) Frequently Asked Questions

How has Haverty Furniture Companies' stock been impacted by Coronavirus?

Haverty Furniture Companies' stock was trading at $15.03 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, HVT stock has increased by 120.5% and is now trading at $33.14.
View which stocks have been most impacted by COVID-19.

Is Haverty Furniture Companies a buy right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Haverty Furniture Companies in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Haverty Furniture Companies stock.
View analyst ratings for Haverty Furniture Companies or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Haverty Furniture Companies?

Wall Street analysts have given Haverty Furniture Companies a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Haverty Furniture Companies wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Haverty Furniture Companies' next earnings date?

Haverty Furniture Companies is scheduled to release its next quarterly earnings announcement on Tuesday, February 16th 2021.
View our earnings forecast for Haverty Furniture Companies.

How were Haverty Furniture Companies' earnings last quarter?

Haverty Furniture Companies, Inc. (NYSE:HVT) posted its quarterly earnings data on Wednesday, October, 28th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.60 by $0.37. The firm had revenue of $217.51 million for the quarter, compared to analysts' expectations of $217.50 million. Haverty Furniture Companies had a net margin of 5.52% and a return on equity of 6.19%.
View Haverty Furniture Companies' earnings history.

How often does Haverty Furniture Companies pay dividends? What is the dividend yield for Haverty Furniture Companies?

Haverty Furniture Companies declared a quarterly dividend on Monday, November 9th. Shareholders of record on Monday, November 23rd will be given a dividend of $0.22 per share on Wednesday, December 9th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Friday, November 20th. This is a boost from Haverty Furniture Companies's previous quarterly dividend of $0.20.
View Haverty Furniture Companies' dividend history.

Is Haverty Furniture Companies a good dividend stock?

Haverty Furniture Companies pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.72%. The dividend payout ratio of Haverty Furniture Companies is 75.21%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Haverty Furniture Companies will have a dividend payout ratio of 51.76% next year. This indicates that Haverty Furniture Companies will be able to sustain or increase its dividend.
View Haverty Furniture Companies' dividend history.

What price target have analysts set for HVT?

1 Wall Street analysts have issued 12-month price targets for Haverty Furniture Companies' stock. Their forecasts range from $36.00 to $36.00. On average, they anticipate Haverty Furniture Companies' stock price to reach $36.00 in the next twelve months. This suggests a possible upside of 8.6% from the stock's current price.
View analysts' price targets for Haverty Furniture Companies or view Wall Street analyst' top-rated stocks.

Are investors shorting Haverty Furniture Companies?

Haverty Furniture Companies saw a increase in short interest in December. As of December 31st, there was short interest totaling 1,580,000 shares, an increase of 15.3% from the December 15th total of 1,370,000 shares. Based on an average daily volume of 180,600 shares, the short-interest ratio is currently 8.7 days. Currently, 10.5% of the company's stock are short sold.
View Haverty Furniture Companies' Short Interest.

Who are some of Haverty Furniture Companies' key competitors?

Some companies that are related to Haverty Furniture Companies include RH (RH), Williams-Sonoma (WSM), Bed Bath & Beyond (BBBY), The Aarons (AAN), Kirkland's (KIRK) and Pier 1 Imports (PIRRQ).
View all of HVT's competitors.

What other stocks do shareholders of Haverty Furniture Companies own?

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

Who are Haverty Furniture Companies' key executives?

Haverty Furniture Companies' management team includes the following people:

Mr. Clarence H. Smith, Chairman, Pres & CEO (Age 69, Pay $1.02M)
Mr. Richard B. Hare, Exec. VP & CFO (Age 53, Pay $523.53k)
Mr. Steven G. Burdette, Exec. VP of Operations (Age 58, Pay $530.1k)
Mr. J. Edward Clary, Exec. VP & Chief Information Officer (Age 59, Pay $520.42k)
Mr. J. Rawson Haverty Jr., Sr. VP of Real Estate and Devel. & Director (Age 63)
Mr. John L. Gill, Exec. VP of Merchandising (Age 56, Pay $436.98k)
Ms. Janet E. Taylor, Sr. VP & Gen. Counsel (Age 58)
Ms. Helen B. Bautista, VP of Marketing (Age 53)
Mr. Kelly Allen Fladger, Sr. VP & Chief HR Officer (Age 50)
Ms. Jenny Hill Parker, Sr. VP of Fin. & Corp. Sec. (Age 61)

What is Haverty Furniture Companies' stock symbol?

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

Who are Haverty Furniture Companies' major shareholders?

Haverty Furniture Companies' stock is owned by a variety of institutional and retail investors. Top institutional investors include Wedge Capital Management L L P NC (0.16%), State of Alaska Department of Revenue (0.07%), First Citizens Bank & Trust Co. (0.04%) and Louisiana State Employees Retirement System (0.04%). Company insiders that own Haverty Furniture Companies stock include Alfredo Trujillo, Allan J Deniro, Clarence H Smith, G Thomas Hough, Jenny H Parker, Rawson Haverty, Jr and Steven G Burdette.
View institutional ownership trends for Haverty Furniture Companies.

Which institutional investors are selling Haverty Furniture Companies stock?

HVT stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, First Citizens Bank & Trust Co., and State of Alaska Department of Revenue. Company insiders that have sold Haverty Furniture Companies company stock in the last year include Clarence H Smith, and Steven G Burdette.
View insider buying and selling activity for Haverty Furniture Companies or view top insider-selling stocks.

Which institutional investors are buying Haverty Furniture Companies stock?

HVT stock was bought by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System. Company insiders that have bought Haverty Furniture Companies stock in the last two years include Clarence H Smith, and G Thomas Hough.
View insider buying and selling activity for Haverty Furniture Companies or or view top insider-buying stocks.

How do I buy shares of Haverty Furniture Companies?

Shares of HVT 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.

What is Haverty Furniture Companies' stock price today?

One share of HVT stock can currently be purchased for approximately $33.14.

How big of a company is Haverty Furniture Companies?

Haverty Furniture Companies has a market capitalization of $603.48 million and generates $802.29 million in revenue each year. The company earns $21.86 million in net income (profit) each year or $1.17 on an earnings per share basis. Haverty Furniture Companies employs 3,425 workers across the globe.

What is Haverty Furniture Companies' official website?

The official website for Haverty Furniture Companies is www.havertys.com.

How can I contact Haverty Furniture Companies?

Haverty Furniture Companies' mailing address is 780 JOHNSON FERRY ROAD SUITE 800, ATLANTA GA, 30342. The company can be reached via phone at 404-443-2900.

This page was last updated on 1/17/2021 by MarketBeat.com Staff

30 Days of MarketBeat All Access for $1.00

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here