Haverty Furniture Companies (NYSE:HVT) Issues Quarterly Earnings Results

Haverty Furniture Companies (NYSE:HVT) released its earnings results on Wednesday. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.17), FiscalAI reports. Haverty Furniture Companies had a return on equity of 7.15% and a net margin of 2.93%. The firm had revenue of $203.15 million for the quarter, compared to analysts’ expectations of $206.87 million. During the same quarter in the previous year, the company posted $0.28 earnings per share.

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 Stock Down 2.7%

HVT traded down $0.80 on Wednesday, reaching $28.63. The company had a trading volume of 138,150 shares, compared to its average volume of 108,158. Haverty Furniture Companies has a 1 year low of $20.10 and a 1 year high of $30.60. The stock has a market capitalization of $446.29 million, a PE ratio of 21.05, a P/E/G ratio of 1.58 and a beta of 1.33. The stock has a 50-day moving average price of $27.98 and a 200-day moving average price of $25.14.

Haverty Furniture Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Tuesday, August 25th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.6%. The ex-dividend date was Tuesday, August 25th. Haverty Furniture Companies’s dividend payout ratio (DPR) is currently 97.06%.

Analysts Set New Price Targets

Several research firms recently commented on HVT. Weiss Ratings raised Haverty Furniture Companies from a “hold (c-)” rating to a “hold (c+)” rating in a report on Tuesday, August 18th. Wall Street Zen upgraded Haverty Furniture Companies from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, Haverty Furniture Companies has a consensus rating of “Hold”.

Insider Activity

In related news, Chairman Clarence Smith sold 20,991 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $28.16, for a total value of $591,106.56. Following the completion of the sale, the chairman directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.40% of the stock is currently owned by company insiders.

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.