Q3 2024 EPS Estimates for Haverty Furniture Companies, Inc. Decreased by Analyst (NYSE:HVT)

Haverty Furniture Companies, Inc. (NYSE:HVT) – Telsey Advisory Group dropped their Q3 2024 EPS estimates for shares of Haverty Furniture Companies in a report released on Thursday, May 2nd. Telsey Advisory Group analyst C. Fernandez now expects that the company will post earnings of $0.55 per share for the quarter, down from their prior forecast of $0.64. The consensus estimate for Haverty Furniture Companies’ current full-year earnings is $2.34 per share. Telsey Advisory Group also issued estimates for Haverty Furniture Companies’ Q3 2025 earnings at $0.85 EPS.

Separately, Benchmark reissued a “buy” rating and set a $45.00 price target on shares of Haverty Furniture Companies in a report on Thursday, May 2nd.

Haverty Furniture Companies Price Performance

Shares of Haverty Furniture Companies stock opened at $28.76 on Monday. Haverty Furniture Companies has a 1-year low of $25.05 and a 1-year high of $37.05. The business’s fifty day moving average price is $31.88 and its two-hundred day moving average price is $32.56. The company has a market capitalization of $464.47 million, a P/E ratio of 10.46, a PEG ratio of 1.02 and a beta of 1.54.

Haverty Furniture Companies (NYSE:HVT) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.06). Haverty Furniture Companies had a return on equity of 14.94% and a net margin of 5.64%. The business had revenue of $210.74 million for the quarter, compared to analyst estimates of $230.06 million.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers boosted its stake in Haverty Furniture Companies by 58.6% during the 3rd quarter. Rhumbline Advisers now owns 114,258 shares of the company’s stock valued at $3,288,000 after purchasing an additional 42,198 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Haverty Furniture Companies by 109.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 59,178 shares of the company’s stock valued at $2,101,000 after buying an additional 30,894 shares in the last quarter. Invesco Ltd. grew its holdings in Haverty Furniture Companies by 8.8% during the third quarter. Invesco Ltd. now owns 322,446 shares of the company’s stock worth $9,280,000 after acquiring an additional 26,157 shares during the period. Denali Advisors LLC raised its position in Haverty Furniture Companies by 61.1% in the first quarter. Denali Advisors LLC now owns 56,400 shares of the company’s stock worth $1,924,000 after acquiring an additional 21,400 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in Haverty Furniture Companies by 34.7% in the 4th quarter. Russell Investments Group Ltd. now owns 82,205 shares of the company’s stock valued at $2,918,000 after acquiring an additional 21,159 shares during the last quarter. Institutional investors and hedge funds own 80.57% of the company’s stock.

Haverty Furniture Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This is a boost from Haverty Furniture Companies’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 4.45%. Haverty Furniture Companies’s dividend payout ratio (DPR) is 43.64%.

About Haverty Furniture Companies

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.