Sidoti Csr Weighs in on Haverty Furniture Companies, Inc.’s Q3 2024 Earnings (NYSE:HVT)

Haverty Furniture Companies, Inc. (NYSE:HVT) – Analysts at Sidoti Csr decreased their Q3 2024 earnings per share estimates for Haverty Furniture Companies in a research report issued on Thursday, September 26th. Sidoti Csr analyst A. Lebiedzinski now expects that the company will post earnings of $0.52 per share 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 upgraded shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating in a report on Thursday, August 22nd.

Haverty Furniture Companies Price Performance

Haverty Furniture Companies stock opened at $27.05 on Monday. The firm’s 50 day moving average price is $27.41 and its 200-day moving average price 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 cap of $439.18 million, a P/E ratio of 9.84, a PEG ratio of 1.51 and a beta of 1.45.

Haverty Furniture Companies (NYSE:HVT) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. Haverty Furniture Companies had a return on equity of 12.58% and a net margin of 4.91%. The company 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 have recently modified their holdings of the company. Acadian Asset Management LLC increased its stake in Haverty Furniture Companies by 1.3% during the second quarter. Acadian Asset Management LLC now owns 31,855 shares of the company’s stock worth $804,000 after acquiring an additional 395 shares during the last quarter. Wulff Hansen & CO. increased its position in shares of Haverty Furniture Companies by 2.9% during the 2nd quarter. Wulff Hansen & CO. now owns 22,662 shares of the company’s stock valued at $573,000 after purchasing an additional 648 shares during the last quarter. Texas Permanent School Fund Corp raised its holdings in Haverty Furniture Companies by 6.1% during the 2nd quarter. Texas Permanent School Fund Corp now owns 12,388 shares of the company’s stock valued at $313,000 after buying an additional 714 shares during the period. EMC Capital Management lifted its position in Haverty Furniture Companies by 10.3% in the first quarter. EMC Capital Management now owns 8,064 shares of the company’s stock worth $275,000 after buying an additional 750 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in Haverty Furniture Companies by 1.5% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 60,706 shares of the company’s stock worth $2,071,000 after buying an additional 907 shares during the last quarter. 80.57% of the stock is owned by hedge funds and other institutional investors.

Haverty Furniture Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 26th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.73%. The ex-dividend date was Monday, August 26th. Haverty Furniture Companies’s dividend payout ratio 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.