Sidoti Has Negative Outlook for HVT Q4 Earnings

Haverty Furniture Companies, Inc. (NYSE:HVT) – Stock analysts at Sidoti dropped their Q4 2026 earnings estimates for shares of Haverty Furniture Companies in a research note issued on Thursday, November 5th. Sidoti analyst A. Lebiedzinski now anticipates that the company will earn $0.57 per share for the quarter, down from their prior forecast of $0.73. The consensus estimate for Haverty Furniture Companies’ current full-year earnings is $1.61 per share. Sidoti also issued estimates for Haverty Furniture Companies’ Q1 2027 earnings at $0.38 EPS, Q2 2027 earnings at $0.43 EPS, Q3 2027 earnings at $0.75 EPS, Q1 2028 earnings at $0.57 EPS, Q2 2028 earnings at $0.59 EPS, Q3 2028 earnings at $1.02 EPS and FY2028 earnings at $3.31 EPS.

Other equities research analysts have also issued reports about the company. Weiss Ratings raised Haverty Furniture Companies from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 18th. Wall Street Zen raised Haverty Furniture Companies from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Two investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Haverty Furniture Companies Stock Performance

Shares of NYSE HVT opened at $26.13 on Friday. The business’s 50 day moving average price is $27.99 and its 200-day moving average price is $25.16. Haverty Furniture Companies has a fifty-two week low of $20.10 and a fifty-two week high of $30.60. The company has a market cap of $407.40 million, a price-to-earnings ratio of 23.29, a PEG ratio of 1.52 and a beta of 1.33.

Haverty Furniture Companies (NYSE:HVT) last announced its earnings results on Wednesday, November 4th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.17). Haverty Furniture Companies had a net margin of 3.10% and a return on equity of 6.96%. The business had revenue of $203.15 million for the quarter, compared to analysts’ expectations of $206.87 million. During the same quarter last year, the firm earned $0.28 EPS.

Hedge Funds Weigh In On Haverty Furniture Companies

A number of hedge funds have recently added to or reduced their stakes in the stock. Pzena Investment Management LLC purchased a new position in shares of Haverty Furniture Companies during the second quarter worth approximately $39,915,000. BlackRock Inc. bought a new stake in shares of Haverty Furniture Companies during the second quarter valued at approximately $39,128,000. Renaissance Technologies LLC boosted its holdings in shares of Haverty Furniture Companies by 2.8% in the first quarter. Renaissance Technologies LLC now owns 719,830 shares of the company’s stock valued at $15,246,000 after purchasing an additional 19,624 shares during the period. Sei Investments Co. boosted its holdings in shares of Haverty Furniture Companies by 65.5% in the first quarter. Sei Investments Co. now owns 164,994 shares of the company’s stock valued at $3,495,000 after purchasing an additional 65,292 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Haverty Furniture Companies in the second quarter valued at approximately $4,123,000. 80.57% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Chairman Clarence Smith sold 20,991 shares of Haverty Furniture Companies stock in a transaction dated 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 sale, the chairman owned 71,705 shares in the company, valued at $2,019,212.80. This trade represents a 22.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 8.40% of the stock is owned by corporate insiders.

Haverty Furniture Companies Company Profile

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.