Sidoti Issues Pessimistic Estimate for HVT Earnings

Haverty Furniture Companies, Inc. (NYSE:HVT) – Stock analysts at Sidoti dropped their Q3 2026 earnings per share estimates for Haverty Furniture Companies in a research note issued on Thursday, October 1st. Sidoti analyst A. Lebiedzinski now anticipates that the company will post earnings per share of $0.47 for the quarter, down from their previous estimate of $0.50. The consensus estimate for Haverty Furniture Companies’ current full-year earnings is $1.62 per share. Sidoti also issued estimates for Haverty Furniture Companies’ Q4 2026 earnings at $0.73 EPS, FY2026 earnings at $1.70 EPS, Q1 2027 earnings at $0.50 EPS, Q2 2027 earnings at $0.56 EPS and FY2027 earnings at $3.00 EPS.

Haverty Furniture Companies (NYSE:HVT) last released its earnings results on Tuesday, August 4th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $194.94 million for the quarter, compared to analyst estimates of $189.19 million. Haverty Furniture Companies had a return on equity of 7.15% and a net margin of 2.93%.

Several other analysts have also recently weighed in on the stock. Zacks Research raised shares of Haverty Furniture Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Wall Street Zen raised Haverty Furniture Companies from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Weiss Ratings raised Haverty Furniture Companies from a “hold (c-)” rating to a “hold (c+)” rating in a report on Tuesday, August 18th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Haverty Furniture Companies Stock Performance

Shares of NYSE HVT opened at $27.43 on Friday. Haverty Furniture Companies has a 52-week low of $19.89 and a 52-week high of $29.83. The business has a fifty day moving average of $27.53 and a two-hundred day moving average of $24.59. The stock has a market cap of $427.56 million, a PE ratio of 20.17, a PEG ratio of 1.42 and a beta of 1.22.

Haverty Furniture Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Tuesday, August 25th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Tuesday, August 25th. Haverty Furniture Companies’s dividend payout ratio (DPR) is 97.06%.

Insider Activity

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

Hedge Funds Weigh In On Haverty Furniture Companies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Engineers Gate Manager LP grew its position in shares of Haverty Furniture Companies by 121.1% during the 2nd quarter. Engineers Gate Manager LP now owns 22,858 shares of the company’s stock worth $584,000 after purchasing an additional 12,518 shares in the last quarter. Odyssean LLC acquired a new stake in shares of Haverty Furniture Companies during the 2nd quarter valued at $422,000. Empowered Funds LLC bought a new stake in Haverty Furniture Companies during the 2nd quarter worth $3,051,000. Public Employees Retirement System of Ohio bought a new position in Haverty Furniture Companies in the second quarter valued at about $302,000. Finally, Bank of America Corp DE bought a new position in Haverty Furniture Companies in the second quarter valued at about $574,000. 80.57% of the stock is currently owned by institutional investors and hedge funds.

Haverty Furniture Companies Company Profile

Haverty Furniture Companies, Inc is a specialty retailer of residential furniture and related home furnishings. The company sells products for living rooms, bedrooms, dining rooms, home offices and other areas of the home, including upholstered furniture, case goods, mattresses, rugs, lighting and home accessories.

Founded in Atlanta in 1885 by James J. Haverty, the company operates under the Havertys name and serves customers through a network of retail stores and its e-commerce platform.