Haverty Furniture Companies (NYSE:HVT) Issues Quarterly Earnings Results

Haverty Furniture Companies (NYSE:HVT) released its earnings results on Tuesday. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02, Zacks reports. The company had revenue of $194.94 million during the quarter, compared to analyst estimates of $189.19 million. Haverty Furniture Companies had a return on equity of 6.60% and a net margin of 2.64%.

Here are the key takeaways from Haverty Furniture Companies’ conference call:

• Strong Q2 performance: Net sales increased 7.7% to $194.9 million, comparable sales rose 8%, and earnings per share doubled to $0.32 from $0.16. Written comparable sales were up 12.3%, marking the fourth consecutive quarter of positive written and delivered comps.
• Higher-value purchases drove growth. Average ticket increased 14% to more than $3,800, while Design average ticket rose 15.7% to over $8,800; custom special-order sales increased 23.6%. Management sees further upside as Design penetration expands beyond the current high-teens percentage of customers.
• Havertys reduced inventory to $100.5 million from $106.9 million at the end of Q1 while maintaining sales momentum, and expects inventory near $95 million at the end of Q3. The company also plans six second-half store openings, ending 2026 with approximately 133 stores, and repurchased about 723,000 shares year to date.
• Cost pressures remain a risk to margins. Container rates are expected to rise roughly 25%-30% beginning in mid-August, while elevated diesel prices could increase transportation, delivery, and product input costs. Management maintained its 2026 gross-margin outlook of 60.5%-61%, excluding additional tariff refunds, but indirect tariff refunds remain uncertain and are not expected to materially exceed $1 million-$1.5 million.

Haverty Furniture Companies Stock Performance

Shares of HVT opened at $28.11 on Wednesday. The firm has a market cap of $452.34 million, a PE ratio of 23.43, a PEG ratio of 1.33 and a beta of 1.20. The firm’s 50 day moving average price is $24.64 and its 200 day moving average price is $23.79. Haverty Furniture Companies has a twelve month low of $19.89 and a twelve month high of $29.34.

Haverty Furniture Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Monday, June 1st were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Monday, June 1st. Haverty Furniture Companies’s dividend payout ratio (DPR) is presently 110.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Wall Street Zen downgraded Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Zacks Research upgraded shares of Haverty Furniture Companies from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Finally, Weiss Ratings downgraded shares of Haverty Furniture Companies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Haverty Furniture Companies presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Haverty Furniture Companies

A number of large investors have recently bought and sold shares of HVT. CANADA LIFE ASSURANCE Co raised its holdings in Haverty Furniture Companies by 57.0% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,721 shares of the company’s stock valued at $40,000 after buying an additional 625 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Haverty Furniture Companies by 7.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,898 shares of the company’s stock valued at $175,000 after acquiring an additional 651 shares in the last quarter. First Trust Advisors LP lifted its holdings in Haverty Furniture Companies by 2.0% in the 2nd quarter. First Trust Advisors LP now owns 42,391 shares of the company’s stock worth $863,000 after purchasing an additional 843 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Haverty Furniture Companies during the second quarter worth approximately $31,000. Finally, State of Wyoming bought a new position in shares of Haverty Furniture Companies in the second quarter valued at approximately $58,000. 80.57% of the stock is currently owned by institutional investors.

About Haverty Furniture Companies

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and home décor in the United States. Founded in 1885 by J.J. Haverty and headquartered in Atlanta, Georgia, the company offers a broad assortment of upholstered furniture, case goods, mattresses, area rugs and decorative accessories. Customers can shop through a network of company-owned showrooms as well as an e-commerce platform, supported by in-house design services, delivery options and consumer financing programs.

Over more than a century of operation, Havertys has expanded its presence primarily across the Southeast and select markets beyond.