Haverty Furniture Companies (NYSE:HVT) Issues Earnings Results, Beats Estimates By $0.02 EPS

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

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

• Strong Q2 performance: Net sales increased 7.7% to $194.9 million, comparable sales rose 8%, and earnings per share doubled to $0.32 from $0.16. Written comparable sales were up 12.3%, marking the fourth consecutive quarter of positive written and delivered comps.
• Higher-value purchases drove growth. Average ticket increased 14% to more than $3,800, while Design average ticket rose 15.7% to over $8,800; custom special-order sales increased 23.6%. Management sees further upside as Design penetration expands beyond the current high-teens percentage of customers.
• Havertys reduced inventory to $100.5 million from $106.9 million at the end of Q1 while maintaining sales momentum, and expects inventory near $95 million at the end of Q3. The company also plans six second-half store openings, ending 2026 with approximately 133 stores, and repurchased about 723,000 shares year to date.
• Cost pressures remain a risk to margins. Container rates are expected to rise roughly 25%-30% beginning in mid-August, while elevated diesel prices could increase transportation, delivery, and product input costs. Management maintained its 2026 gross-margin outlook of 60.5%-61%, excluding additional tariff refunds, but indirect tariff refunds remain uncertain and are not expected to materially exceed $1 million-$1.5 million.

Haverty Furniture Companies Trading Up 2.0%

Shares of NYSE HVT opened at $28.84 on Thursday. The stock has a fifty day simple moving average of $24.74 and a two-hundred day simple moving average of $23.80. Haverty Furniture Companies has a 1-year low of $19.89 and a 1-year high of $29.33. The firm has a market cap of $464.10 million, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 1.46 and a beta of 1.20.

Haverty Furniture Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Monday, June 1st were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Monday, June 1st. Haverty Furniture Companies’s payout ratio is presently 110.00%.

Haverty Furniture Companies News Roundup

Here are the key news stories impacting Haverty Furniture Companies this week:

• Positive Sentiment: Quarterly earnings and revenue beat expectations. Havertys reported Q2 earnings of $0.25 per share, above the $0.23 consensus and up from $0.16 a year earlier. Revenue of $194.94 million also exceeded the $189.19 million forecast, supporting investor confidence in demand and execution. Haverty Furniture Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Sidoti raised its FY2027 EPS forecast. The analyst increased its estimate to $3.02 from $2.97, while also raising estimates for Q4 2026 to $0.77 from $0.76, Q1 2027 to $0.52 from $0.51, and Q2 2027 to $0.57 from $0.51. These revisions suggest improved expectations for earnings growth beyond the current year.
• Neutral Sentiment: Unusually high options activity signals increased trading interest. Traders bought 2,639 call options, compared with an average daily volume of only seven. The activity may reflect bullish speculation, but options flow alone does not establish a fundamental change in the company’s outlook. Haverty Furniture Companies Sees Unusually High Options Volume
• Negative Sentiment: Fuel-driven freight inflation is pressuring margins. Havertys expects 2026 gross margin of approximately 60.5% to 61%, with higher freight expenses linked to fuel costs presenting a risk to profitability. Sidoti also trimmed its Q3 2026 EPS estimate to $0.50 from $0.51 and its Q4 2027 estimate to $1.07 from $1.08, indicating some near-term caution. Havertys Expects 2026 Gross Margin of 60.5% to 61%

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co boosted its stake in Haverty Furniture Companies by 57.0% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,721 shares of the company’s stock valued at $40,000 after purchasing an additional 625 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Haverty Furniture Companies by 7.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,898 shares of the company’s stock worth $175,000 after acquiring an additional 651 shares during the period. First Trust Advisors LP increased its position in Haverty Furniture Companies by 2.0% during the second quarter. First Trust Advisors LP now owns 42,391 shares of the company’s stock valued at $863,000 after acquiring an additional 843 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Haverty Furniture Companies in the second quarter worth about $31,000. Finally, State of Wyoming bought a new stake in shares of Haverty Furniture Companies during the 2nd quarter valued at about $58,000. 80.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Zacks Research upgraded 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 lowered shares of Haverty Furniture Companies from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Haverty Furniture Companies in a research note on Tuesday. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Haverty Furniture Companies currently has an average rating of “Hold”.

Haverty Furniture Companies Company Profile

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and home décor in the United States. Founded in 1885 by J.J. Haverty and headquartered in Atlanta, Georgia, the company offers a broad assortment of upholstered furniture, case goods, mattresses, area rugs and decorative accessories. Customers can shop through a network of company-owned showrooms as well as an e-commerce platform, supported by in-house design services, delivery options and consumer financing programs.

Over more than a century of operation, Havertys has expanded its presence primarily across the Southeast and select markets beyond.