Haverty Furniture Companies (HVT) Stock Price, News & Analysis

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Haverty Furniture Companies in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" HVT shares.
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1 Wall Street analysts have issued 1 year price targets for Haverty Furniture Companies' shares. Their HVT share price targets range from $41.00 to $41.00. On average, they expect the company's stock price to reach $41.00 in the next year. This suggests a possible upside of 36.5% from the stock's current price.
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Haverty Furniture Companies' stock was trading at $35.50 at the beginning of the year. Since then, HVT stock has decreased by 15.4% and is now trading at $30.03.
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Haverty Furniture Companies saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 947,700 shares, a decline of 17.6% from the March 15th total of 1,150,000 shares. Based on an average trading volume of 106,200 shares, the short-interest ratio is presently 8.9 days. Currently, 7.2% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
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Haverty Furniture Companies, Inc. (NYSE:HVT) released its quarterly earnings data on Wednesday, February, 21st. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by $0.06. The business had revenue of $210.74 million for the quarter, compared to the consensus estimate of $230.06 million. Haverty Furniture Companies had a trailing twelve-month return on equity of 18.36% and a net margin of 6.53%.

Haverty Furniture Companies announced a quarterly dividend on Friday, February 23rd. Investors of record on Monday, March 11th will be given a dividend of $0.30 per share on Tuesday, March 26th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend is Friday, March 8th.
Read our dividend analysis for HVT.

Haverty Furniture Companies (NYSE:HVT) pays an annual dividend of $1.20 per share and currently has a dividend yield of 3.91%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 35.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HVT will have a dividend payout ratio of 33.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HVT.

ETFs with the largest weight of Haverty Furniture Companies (NYSE:HVT) stock in their portfolio include Roundhill Acquirers Deep Value ETF (DEEP).Syntax Stratified SmallCap ETF (SSLY).

186 employees have rated Haverty Furniture Companies Chief Executive Officer Clarence H. Smith on Glassdoor.com. Clarence H. Smith has an approval rating of 76% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Haverty Furniture Companies investors own include Advanced Micro Devices (AMD), Walt Disney (DIS), AT&T (T), Verizon Communications (VZ), NVIDIA (NVDA), QUALCOMM (QCOM), Home Depot (HD), CVS Health (CVS), Applied Materials (AMAT) and Block (SQ).

Shares of HVT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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