Sidoti Csr Comments on Haverty Furniture Companies, Inc.’s Q4 2024 Earnings (NYSE:HVT)

Haverty Furniture Companies, Inc. (NYSE:HVT) – Analysts at Sidoti Csr cut their Q4 2024 earnings per share (EPS) estimates for Haverty Furniture Companies in a note issued to investors on Thursday, May 2nd. Sidoti Csr analyst A. Lebiedzinski now expects that the company will post earnings per share of $0.76 for the quarter, down from their prior forecast of $0.91. The consensus estimate for Haverty Furniture Companies’ current full-year earnings is $2.34 per share. Sidoti Csr also issued estimates for Haverty Furniture Companies’ Q2 2025 earnings at $0.55 EPS.

Separately, Benchmark reissued a “buy” rating and issued a $45.00 price objective on shares of Haverty Furniture Companies in a research note on Thursday, May 2nd.

Haverty Furniture Companies Stock Performance

Shares of HVT opened at $28.76 on Monday. Haverty Furniture Companies has a fifty-two week low of $25.05 and a fifty-two week high of $37.05. The company’s fifty day moving average is $31.88 and its 200 day moving average is $32.56. The stock has a market capitalization of $464.47 million, a PE ratio of 10.46, a P/E/G ratio of 1.02 and a beta of 1.54.

Haverty Furniture Companies (NYSE:HVT) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.06). The firm had revenue of $210.74 million for the quarter, compared to analysts’ expectations of $230.06 million. Haverty Furniture Companies had a net margin of 5.64% and a return on equity of 14.94%.

Haverty Furniture Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.28 annualized dividend and a dividend yield of 4.45%. This is an increase from Haverty Furniture Companies’s previous quarterly dividend of $0.30. Haverty Furniture Companies’s payout ratio is currently 43.64%.

Institutional Trading of Haverty Furniture Companies

Institutional investors have recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Haverty Furniture Companies by 4.1% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 75,024 shares of the company’s stock worth $2,159,000 after acquiring an additional 2,933 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Haverty Furniture Companies in the third quarter worth approximately $814,000. Illinois Municipal Retirement Fund bought a new stake in shares of Haverty Furniture Companies during the 3rd quarter worth approximately $244,000. Barclays PLC boosted its holdings in Haverty Furniture Companies by 40.1% during the 3rd quarter. Barclays PLC now owns 15,337 shares of the company’s stock valued at $441,000 after acquiring an additional 4,387 shares during the period. Finally, Swiss National Bank grew its position in Haverty Furniture Companies by 2.1% in the 3rd quarter. Swiss National Bank now owns 29,700 shares of the company’s stock valued at $855,000 after acquiring an additional 600 shares during the last quarter. 80.57% of the stock is currently owned by institutional investors.

Haverty Furniture Companies Company Profile

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and accessories in the United States. The company offers furniture merchandise under the Havertys brand name. It also provides custom upholstery products and eclectic looks; and mattress product lines under the Tempur-Pedic, Serta, Sealy, and Stearns and Foster names.