Sidoti Csr Analysts Lower Earnings Estimates for Haverty Furniture Companies, Inc. (NYSE:HVT)

Haverty Furniture Companies, Inc. (NYSE:HVT) – Sidoti Csr lowered their Q3 2024 EPS estimates for shares of Haverty Furniture Companies in a report issued on Thursday, September 26th. Sidoti Csr analyst A. Lebiedzinski now anticipates that the company will post earnings per share of $0.52 for the quarter, down from their previous forecast of $0.59. The consensus estimate for Haverty Furniture Companies’ current full-year earnings is $1.51 per share. Sidoti Csr also issued estimates for Haverty Furniture Companies’ Q4 2024 earnings at $0.67 EPS, Q1 2025 earnings at $0.53 EPS, Q3 2025 earnings at $0.97 EPS and Q4 2025 earnings at $1.08 EPS.

Separately, StockNews.com raised shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating in a research report on Thursday, August 22nd.

Haverty Furniture Companies Stock Performance

HVT opened at $27.48 on Monday. The company’s 50 day simple moving average is $27.41 and its 200 day simple moving average is $28.19. Haverty Furniture Companies has a 1 year low of $23.09 and a 1 year high of $37.05. The stock has a market capitalization of $446.17 million, a PE ratio of 9.99, a P/E/G ratio of 1.51 and a beta of 1.45.

Haverty Furniture Companies (NYSE:HVT) last released its earnings results on Wednesday, July 31st. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.09. Haverty Furniture Companies had a net margin of 4.91% and a return on equity of 12.58%. The business had revenue of $178.60 million for the quarter, compared to analysts’ expectations of $182.37 million.

Institutional Trading of Haverty Furniture Companies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Denali Advisors LLC increased its stake in shares of Haverty Furniture Companies by 61.1% in the first quarter. Denali Advisors LLC now owns 56,400 shares of the company’s stock worth $1,924,000 after buying an additional 21,400 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Haverty Furniture Companies by 179.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 9,506 shares of the company’s stock valued at $324,000 after purchasing an additional 6,101 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Haverty Furniture Companies by 82.2% during the first quarter. BNP Paribas Financial Markets now owns 20,694 shares of the company’s stock valued at $706,000 after purchasing an additional 9,335 shares during the last quarter. Vest Financial LLC bought a new stake in Haverty Furniture Companies during the second quarter valued at $1,087,000. Finally, Campbell & CO Investment Adviser LLC increased its stake in Haverty Furniture Companies by 66.8% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 14,604 shares of the company’s stock valued at $518,000 after purchasing an additional 5,847 shares during the last quarter. Institutional investors own 80.57% of the company’s stock.

Haverty Furniture Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 26th were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.66%. Haverty Furniture Companies’s dividend payout ratio (DPR) is presently 46.55%.

About Haverty Furniture Companies

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.