Sidoti Csr Has Pessimistic Outlook of HVT FY2024 Earnings

Haverty Furniture Companies, Inc. (NYSE:HVT) – Equities researchers at Sidoti Csr reduced their FY2024 EPS estimates for shares of Haverty Furniture Companies in a research report issued on Thursday, October 31st. Sidoti Csr analyst A. Lebiedzinski now anticipates that the company will post earnings per share of $1.00 for the year, down from their prior forecast of $1.52. The consensus estimate for Haverty Furniture Companies’ current full-year earnings is $1.39 per share. Sidoti Csr also issued estimates for Haverty Furniture Companies’ Q4 2024 earnings at $0.30 EPS, Q1 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.60 EPS, Q4 2025 earnings at $0.85 EPS and FY2025 earnings at $2.33 EPS.

Separately, StockNews.com downgraded Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research report on Friday, October 25th.

Haverty Furniture Companies Trading Down 0.9 %

HVT opened at $21.96 on Monday. Haverty Furniture Companies has a 12 month low of $21.61 and a 12 month high of $37.05. The stock has a 50-day moving average of $25.89 and a 200 day moving average of $27.06. The firm has a market cap of $360.36 million, a P/E ratio of 13.81, a P/E/G ratio of 1.32 and a beta of 1.48.

Haverty Furniture Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 26th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $1.28 dividend on an annualized basis and a yield of 5.83%. Haverty Furniture Companies’s payout ratio is 80.50%.

Institutional Investors Weigh In On Haverty Furniture Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position in Haverty Furniture Companies by 179.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,506 shares of the company’s stock valued at $324,000 after acquiring an additional 6,101 shares in the last quarter. Wulff Hansen & CO. grew its stake in Haverty Furniture Companies by 2,503.4% during the 2nd quarter. Wulff Hansen & CO. now owns 573,122 shares of the company’s stock valued at $14,494,000 after purchasing an additional 551,108 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Haverty Furniture Companies by 82.2% in the 1st quarter. BNP Paribas Financial Markets now owns 20,694 shares of the company’s stock worth $706,000 after buying an additional 9,335 shares during the period. Vest Financial LLC acquired a new stake in shares of Haverty Furniture Companies in the second quarter worth $1,087,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Haverty Furniture Companies by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 1,105,487 shares of the company’s stock valued at $37,719,000 after buying an additional 17,354 shares during the period. 80.57% of the stock is owned by institutional investors.

Haverty Furniture Companies Company Profile

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.