Q1 2024 EPS Estimates for Haverty Furniture Companies, Inc. Cut by Telsey Advisory Group (NYSE:HVT)

Haverty Furniture Companies, Inc. (NYSE:HVT) – Equities research analysts at Telsey Advisory Group lowered their Q1 2024 EPS estimates for shares of Haverty Furniture Companies in a report issued on Friday, April 26th. Telsey Advisory Group analyst C. Fernandez now expects that the company will post earnings per share of $0.30 for the quarter, down from their prior forecast of $0.35. The consensus estimate for Haverty Furniture Companies’ current full-year earnings is $2.34 per share. Telsey Advisory Group also issued estimates for Haverty Furniture Companies’ Q4 2024 earnings at $0.72 EPS, FY2024 earnings at $2.00 EPS, Q1 2025 earnings at $0.51 EPS, Q2 2025 earnings at $0.61 EPS, Q4 2025 earnings at $1.10 EPS and FY2025 earnings at $3.20 EPS.

Haverty Furniture Companies (NYSE:HVT) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.06). Haverty Furniture Companies had a return on equity of 18.36% and a net margin of 6.53%. The business had revenue of $210.74 million for the quarter, compared to analysts’ expectations of $230.06 million.

Separately, StockNews.com lowered shares of Haverty Furniture Companies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 6th.

Haverty Furniture Companies Stock Performance

Shares of NYSE HVT opened at $31.30 on Monday. Haverty Furniture Companies has a 1 year low of $25.05 and a 1 year high of $37.05. The firm’s 50 day moving average price is $32.52 and its 200 day moving average price is $32.47. The firm has a market cap of $505.37 million, a P/E ratio of 9.34, a price-to-earnings-growth ratio of 1.11 and a beta of 1.53.

Haverty Furniture Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Monday, March 11th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.20 dividend on an annualized basis and a yield of 3.83%. Haverty Furniture Companies’s dividend payout ratio (DPR) is currently 35.82%.

Institutional Trading of Haverty Furniture Companies

A number of hedge funds have recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its position in Haverty Furniture Companies by 19.0% during the first quarter. Assenagon Asset Management S.A. now owns 70,422 shares of the company’s stock worth $2,403,000 after acquiring an additional 11,244 shares during the last quarter. Denali Advisors LLC boosted its holdings in shares of Haverty Furniture Companies by 61.1% in the 1st quarter. Denali Advisors LLC now owns 56,400 shares of the company’s stock valued at $1,924,000 after purchasing an additional 21,400 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Haverty Furniture Companies by 179.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,506 shares of the company’s stock valued at $324,000 after purchasing an additional 6,101 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Haverty Furniture Companies by 1.5% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 60,706 shares of the company’s stock valued at $2,071,000 after purchasing an additional 907 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC boosted its holdings in shares of Haverty Furniture Companies by 66.8% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 14,604 shares of the company’s stock valued at $518,000 after purchasing an additional 5,847 shares during the last quarter. Institutional investors and hedge funds own 80.57% of the company’s stock.

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.