Sidoti Csr Research Analysts Lift Earnings Estimates for Haverty Furniture Companies, Inc. (NYSE:HVT)

By editor
June 7, 2024

Haverty Furniture Companies, Inc. ( – ) – Analysts at Sidoti Csr increased their Q4 2025 earnings estimates for Haverty Furniture Companies in a report issued on Monday, June 3rd. Sidoti Csr analyst A. Lebiedzinski now expects that the company will post earnings of $1.06 per share for the quarter, up from their previous forecast of $1.04. The consensus estimate for Haverty Furniture Companies’ current full-year earnings is $1.50 per share.

Haverty Furniture Companies ( – ) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.19). Haverty Furniture Companies had a return on equity of 14.98% and a net margin of 5.64%. The business had revenue of $184.00 million during the quarter, compared to the consensus estimate of $192.70 million.

Several other analysts also recently commented on HVT. downgraded shares of Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research report on Thursday. Benchmark restated a “buy” rating and issued a $45.00 price target on shares of Haverty Furniture Companies in a report on Thursday, May 2nd.

Haverty Furniture Companies Stock Performance

Shares of opened at $26.75 on Thursday. Haverty Furniture Companies has a fifty-two week low of $25.14 and a fifty-two week high of $37.05. The stock has a 50 day simple moving average of $29.88 and a two-hundred day simple moving average of $32.48. The company has a market cap of $434.42 million, a P/E ratio of 9.73, a PEG ratio of 1.53 and a beta of 1.42.

Haverty Furniture Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date is Thursday, May 23rd. This is a boost from Haverty Furniture Companies’s previous quarterly dividend of $0.30. Haverty Furniture Companies’s dividend payout ratio (DPR) is 46.55%.

Institutional Trading of Haverty Furniture Companies

Several hedge funds have recently bought and sold shares of the business. AJOVista LLC acquired a new position in Haverty Furniture Companies during the 4th quarter valued at about $71,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Haverty Furniture Companies by 62.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,511 shares of the company’s stock worth $160,000 after buying an additional 1,740 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in Haverty Furniture Companies in the 1st quarter valued at $206,000. EMC Capital Management lifted its stake in Haverty Furniture Companies by 60.6% during the 3rd quarter. EMC Capital Management now owns 7,314 shares of the company’s stock valued at $210,000 after acquiring an additional 2,759 shares in the last quarter. Finally, Vision Capital Management Inc. purchased a new position in Haverty Furniture Companies during the 4th quarter worth $213,000. Institutional investors and hedge funds own 80.57% of the company’s stock.

About Haverty Furniture Companies

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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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Earnings History and Estimates for Haverty Furniture Companies (NYSE:HVT)

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