Sidoti Csr Has Negative Forecast for HVT Q4 Earnings

Haverty Furniture Companies, Inc. (NYSE:HVT) – Investment analysts at Sidoti Csr lowered their Q4 2024 earnings estimates for shares of Haverty Furniture Companies in a research note issued on Tuesday, January 21st. Sidoti Csr analyst A. Lebiedzinski now forecasts that the company will earn $0.18 per share for the quarter, down from their previous estimate of $0.30. The consensus estimate for Haverty Furniture Companies’ current full-year earnings is $0.88 per share. Sidoti Csr also issued estimates for Haverty Furniture Companies’ Q1 2025 earnings at $0.21 EPS, Q2 2025 earnings at $0.23 EPS and FY2025 earnings at $1.74 EPS.

Haverty Furniture Companies (NYSE:HVT) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.19). The company had revenue of $175.91 million for the quarter, compared to the consensus estimate of $192.85 million. Haverty Furniture Companies had a net margin of 3.57% and a return on equity of 8.69%. During the same period in the previous year, the business earned $1.02 EPS.

Separately, StockNews.com downgraded Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research report on Friday, October 25th.

Haverty Furniture Companies Stock Performance

Shares of NYSE HVT opened at $22.91 on Thursday. The business has a 50-day simple moving average of $22.65 and a two-hundred day simple moving average of $24.93. The company has a market cap of $375.95 million, a PE ratio of 14.41, a P/E/G ratio of 1.01 and a beta of 1.48. Haverty Furniture Companies has a fifty-two week low of $21.05 and a fifty-two week high of $37.05.

Institutional Trading of Haverty Furniture Companies

Institutional investors have recently modified their holdings of the stock. Pzena Investment Management LLC acquired a new stake in shares of Haverty Furniture Companies in the 3rd quarter worth $19,768,000. Hotchkis & Wiley Capital Management LLC lifted its holdings in Haverty Furniture Companies by 27.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 425,940 shares of the company’s stock worth $11,701,000 after buying an additional 92,600 shares in the last quarter. Jane Street Group LLC boosted its position in Haverty Furniture Companies by 1,258.1% in the 3rd quarter. Jane Street Group LLC now owns 363,894 shares of the company’s stock valued at $9,996,000 after buying an additional 337,099 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in Haverty Furniture Companies in the third quarter valued at $6,129,000. Finally, Kanen Wealth Management LLC increased its holdings in Haverty Furniture Companies by 266.8% during the 4th quarter. Kanen Wealth Management LLC now owns 213,477 shares of the company’s stock worth $4,752,000 after purchasing an additional 155,273 shares during the period. Institutional investors and hedge funds own 80.57% of the company’s stock.

Haverty Furniture Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Tuesday, November 26th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 5.59%. The ex-dividend date was Tuesday, November 26th. Haverty Furniture Companies’s payout ratio is currently 80.50%.

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.