NYSE:HVT.A

Stock Analysis Report

Haverty Furniture Companies

Executive Summary

Haverty Furniture Companies, Inc. operates as a specialty retailer of residential furniture and accessories in the United States.

Snowflake

Fundamentals

Flawless balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has Haverty Furniture Companies's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.8%

HVT.A

5.3%

US Specialty Retail

3.4%

US Market


1 Year Return

n/a

HVT.A

1.6%

US Specialty Retail

5.4%

US Market

Return vs Industry: Insufficient data to determine how HVT.A performed against the US Specialty Retail industry.

Return vs Market: Insufficient data to determine how HVT.A performed against the US Market.


Shareholder returns

HVT.AIndustryMarket
7 Day-1.8%5.3%3.4%
30 Day-5.6%0.7%-1.0%
90 Day10.7%1.9%-0.4%
1 Yearn/a3.3%1.6%7.7%5.4%
3 Year33.1%11.9%40.6%33.4%46.2%36.8%
5 Year11.5%-9.4%57.4%43.6%65.6%47.5%

Price Volatility Vs. Market

How volatile is Haverty Furniture Companies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Haverty Furniture Companies undervalued compared to its fair value and its price relative to the market?

23.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: HVT.A ($19.62) is trading below our estimate of fair value ($25.78)

Significantly Undervalued: HVT.A is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: HVT.A is poor value based on its PE Ratio (15.3x) compared to the Specialty Retail industry average (15.1x).

PE vs Market: HVT.A is good value based on its PE Ratio (15.3x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: HVT.A is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: HVT.A is overvalued based on its PB Ratio (1.5x) compared to the US Specialty Retail industry average (1.4x).


Next Steps

Future Growth

How is Haverty Furniture Companies forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

6.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HVT.A's forecast earnings growth (6.8% per year) is above the savings rate (2.7%).

Earnings vs Market: HVT.A's earnings (6.8% per year) are forecast to grow slower than the US market (14.3% per year).

High Growth Earnings: HVT.A's earnings are forecast to grow, but not significantly.

Revenue vs Market: HVT.A's revenue (2.5% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: HVT.A's revenue (2.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: HVT.A's Return on Equity is forecast to be low in 3 years time (13.3%).


Next Steps

Past Performance

How has Haverty Furniture Companies performed over the past 5 years?

8.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: HVT.A's earnings have grown by 8.4% per year over the past 5 years.

Accelerating Growth: HVT.A's earnings growth over the past year (28.1%) exceeds its 5-year average (8.4% per year).

Earnings vs Industry: HVT.A earnings growth over the past year (28.1%) exceeded the Specialty Retail industry 8.3%.


Return on Equity

High ROE: HVT.A's Return on Equity (10.3%) is considered low.


Return on Assets

ROA vs Industry: HVT.A's Return on Assets is below or equal to the Specialty Retail industry average last year.


Return on Capital Employed

ROCE Improving: HVT.A's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Haverty Furniture Companies's financial position?


Financial Position Analysis

Short Term Liabilities: HVT.A's short term assets ($193.8M) exceeds its short term liabilities ($112.1M)

Long Term Liabilities: HVT.A's short term assets (193.8M) exceeds its long term liabilities (181.4M)


Debt to Equity History and Analysis

Debt Level: HVT.A is debt free.

Reducing Debt: HVT.A has not had any debt for past 5 years.

Debt Coverage: HVT.A has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: HVT.A has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: HVT.A has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if HVT.A's debt is covered by short term assets.


Next Steps

Dividend

What is Haverty Furniture Companies's current dividend yield, its reliability and sustainability?

3.91%

Current Dividend Yield


Dividend Yield vs Market

company3.9%marketbottom25%1.5%markettop25%3.8%industryaverage2.0%forecastin3Years8.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: HVT.A's dividend (3.91%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: HVT.A's dividend (3.91%) is in the top 25% of dividend payers in the US market (3.77%)

Stable Dividend: Whilst dividend payments have been stable, HVT.A has been paying a dividend for less than 10 years.

Growing Dividend: HVT.A's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (54%), HVT.A's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: HVT.A's dividends in 3 years are not forecast to be well covered by earnings (104.4% payout ratio).


Next Steps

Management

What is the CEO of Haverty Furniture Companies's salary, the management and board of directors tenure and is there insider trading?

7.9yrs

Average management tenure


CEO

Clarence Smith (68yo)

16.8yrs

Tenure

US$1,731,699

Compensation

Mr. Clarence H. Smith has been an Independent Director at Oxford Industries Inc. since November 4, 2003. Mr. Smith serves as a Trustee of Marist School. Mr. Smith has been the Chief Executive Officer and P ...


CEO Compensation Analysis

Compensation vs. Market: Clarence's total compensation ($USD1.73M) is about average for companies of similar size in the US market ($USD1.81M).

Compensation vs Earnings: Clarence's compensation has been consistent with company performance over the past year.


Management Age and Tenure

7.9yrs

Average Tenure

57.5yo

Average Age

Experienced Management: HVT.A's management team is seasoned and experienced (7.9 years average tenure).


Board Age and Tenure

11.6yrs

Average Tenure

64.5yo

Average Age

Experienced Board: HVT.A's board of directors are seasoned and experienced ( 11.6 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Clarence Smith (68yo)

    Chairman

    • Tenure: 16.8yrs
    • Compensation: US$1.73m
  • J. Haverty (62yo)

    Senior VP of Real Estate & Development and Director

    • Tenure: 27.8yrs
    • Compensation: US$632.96k
  • Ed Clary (58yo)

    Executive VP & Chief Information Officer

    • Tenure: 19.8yrs
    • Compensation: US$784.81k
  • Jenny Parker (60yo)

    Senior VP of Finance & Secretary

    • Tenure: 22.8yrs
  • Steven Burdette (57yo)

    Executive Vice President of Operations

    • Tenure: 1.9yrs
    • Compensation: US$824.28k
  • Janet Taylor (57yo)

    Senior VP & General Counsel

    • Tenure: 13.4yrs
  • Richard Hare (52yo)

    Executive VP & CFO

    • Tenure: 2.4yrs
    • Compensation: US$951.29k
  • John Gill (55yo)

    Senior Vice President of Merchandising

    • Tenure: 1.3yrs
  • Kelly Fladger

    Senior VP & Chief HR Officer

    • Tenure: 0.4yrs
  • Helen Bautista

    Vice President of Marketing

    • Tenure: 0.2yrs

Board Members

  • Vicki Palmer (65yo)

    Independent Director

    • Tenure: 17.9yrs
    • Compensation: US$79.00k
  • Clarence Smith (68yo)

    Chairman

    • Tenure: 16.8yrs
    • Compensation: US$1.73m
  • J. Haverty (62yo)

    Senior VP of Real Estate & Development and Director

    • Tenure: 27.8yrs
    • Compensation: US$632.96k
  • John Glover (72yo)

    Lead Director

    • Tenure: 2.8yrs
    • Compensation: US$90.33k
  • Mylle Mangum (70yo)

    Independent Director

    • Tenure: 20.4yrs
    • Compensation: US$89.00k
  • Al Trujillo (59yo)

    Independent Director

    • Tenure: 16yrs
    • Compensation: US$89.00k
  • Tom Hough (64yo)

    Independent Director

    • Tenure: 1.2yrs
    • Compensation: US$33.75k
  • Laura Dukes (44yo)

    Independent Director

    • Tenure: 3.4yrs
    • Compensation: US$79.00k

Company Information

Haverty Furniture Companies, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Haverty Furniture Companies, Inc.
  • Ticker: HVT.A
  • Exchange: NYSE
  • Founded: 1885
  • Industry: Homefurnishing Retail
  • Sector: Retail
  • Market Cap: US$401.846m
  • Shares outstanding: 19.70m
  • Website: https://www.havertys.com

Number of Employees


Location

  • Haverty Furniture Companies, Inc.
  • 780 Johnson Ferry Road
  • Suite 800
  • Atlanta
  • Georgia
  • 30342
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HVTNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1980
25FDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1980
HVT.ANYSE (New York Stock Exchange)Class A Common StockUSUSDMay 1986

Biography

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  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 23:35
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.