Haverty Furniture Companies (NYSE:HVT) Issues Quarterly Earnings Results, Misses Expectations By $0.17 EPS

Haverty Furniture Companies (NYSE:HVT) issued its quarterly earnings results on Wednesday. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.17), FiscalAI reports. Haverty Furniture Companies had a return on equity of 6.96% and a net margin of 3.10%. The company had revenue of $203.15 million during the quarter, compared to analysts’ expectations of $206.87 million. During the same period in the previous year, the firm posted $0.28 EPS.

Here are the key takeaways from Haverty Furniture Companies’ conference call:

• Third-quarter net sales rose 4.5% to $203.2 million, comparable sales increased 4.1%, and diluted EPS climbed to $0.39 from $0.28 a year ago. However, $3.2 million in tariff refunds boosted results; excluding refunds, EPS was $0.25.
• Traffic fell by mid-single digits, while conversion held steady and average ticket increased 7.4%, which management said was largely driven by pricing. Written comparable sales rose 2.3%, but the traffic decline points to continued demand softness.
• Management cited rising freight, fuel, material, insurance, LIFO, and credit costs, saying it is becoming harder to offset inflationary pressures. The company raised its expected 2026 variable SG&A range to 19.2%–19.4% of sales and said potential tariff changes add uncertainty.
• Designer sales grew 4%, custom upholstery orders increased 16.9%, and written e-commerce sales again posted double-digit growth. Havertys is expanding its store base, expects to end the year with 133 stores, and reported $120.3 million in cash with no funded debt.

Haverty Furniture Companies Trading Down 3.5%

NYSE:HVT traded down $0.92 during trading hours on Friday, hitting $25.15. The company had a trading volume of 227,140 shares, compared to its average volume of 109,622. The company has a 50-day moving average of $27.99 and a 200 day moving average of $25.16. The company has a market cap of $392.13 million, a P/E ratio of 17.11, a P/E/G ratio of 1.52 and a beta of 1.33. Haverty Furniture Companies has a 1 year low of $20.10 and a 1 year high of $30.60.

Insider Buying and Selling

In other news, Chairman Clarence Smith sold 20,991 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $28.16, for a total value of $591,106.56. Following the completion of the sale, the chairman owned 71,705 shares of the company’s stock, valued at $2,019,212.80. This represents a 22.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 8.40% of the stock is owned by company insiders.

Analyst Ratings Changes

HVT has been the topic of several research analyst reports. Wall Street Zen upgraded Haverty Furniture Companies from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Weiss Ratings upgraded Haverty Furniture Companies from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 18th. Two analysts have rated the stock with a Hold rating. According to MarketBeat, the stock currently has an average rating of “Hold”.

About Haverty Furniture Companies

Haverty Furniture Companies, Inc is a specialty home-furnishings retailer that sells furniture and related products for living rooms, bedrooms, dining rooms, home offices and other areas of the home. Its merchandise includes sofas, chairs, tables, beds, mattresses, case goods, rugs, lighting and home accessories, with products offered through its retail stores and website.

Founded in Atlanta in 1885 by James Joseph Haverty, the company has grown from a regional furniture business into a multi-state retailer.