Haverty Furniture Companies (NYSE:HVT) Releases Quarterly Earnings Results, Misses Estimates By $0.17 EPS

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

HVT traded down $0.59 during midday trading on Wednesday, reaching $28.84. 131,502 shares of the company’s stock were exchanged, compared to its average volume of 108,137. The stock has a market capitalization of $449.54 million, a PE ratio of 21.20, a P/E/G ratio of 1.58 and a beta of 1.33. The business’s 50-day moving average price is $27.98 and its 200 day moving average price is $25.14. Haverty Furniture Companies has a 1-year low of $20.10 and a 1-year high of $30.60.

Haverty Furniture Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Tuesday, August 25th were given a dividend of $0.33 per share. The ex-dividend date was Tuesday, August 25th. This represents a $1.32 dividend on an annualized basis and a yield of 4.6%. Haverty Furniture Companies’s payout ratio is presently 97.06%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. 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 raised shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Two analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Insider Activity at Haverty Furniture Companies

In other news, Chairman Clarence Smith sold 20,991 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $28.16, for a total transaction of $591,106.56. Following the completion of the transaction, the chairman directly owned 71,705 shares of the company’s stock, valued at $2,019,212.80. This trade represents a 22.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.40% of the stock is owned by corporate insiders.

Haverty Furniture Companies Company Profile

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.