NYSE:HVT

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Haverty Furniture Companies

Executive Summary

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


Snowflake Analysis

Excellent balance sheet and fair value.


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

Stable Share Price: HVT has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

8.5%

HVT

4.6%

US Specialty Retail

2.5%

US Market


1 Year Return

-14.6%

HVT

13.4%

US Specialty Retail

16.3%

US Market

Return vs Industry: HVT underperformed the US Specialty Retail industry which returned 14.3% over the past year.

Return vs Market: HVT underperformed the US Market which returned 16.3% over the past year.


Shareholder returns

HVTIndustryMarket
7 Day8.5%4.6%2.5%
30 Day8.3%13.6%5.3%
90 Day16.3%23.3%16.3%
1 Year-10.9%-14.6%14.6%13.4%18.8%16.3%
3 Year-25.9%-36.5%63.6%56.6%45.0%35.7%
5 Year-15.5%-33.5%32.5%22.3%75.8%56.8%

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

Valuation

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

15.06x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: HVT ($15.43) is trading above our estimate of fair value ($10.18)

Significantly Below Fair Value: HVT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: HVT is good value based on its PE Ratio (15.1x) compared to the US Specialty Retail industry average (19x).

PE vs Market: HVT is good value based on its PE Ratio (15.1x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: HVT's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: HVT is good value based on its PB Ratio (1.1x) 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 2 analysts?

-14.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HVT's earnings are forecast to decline over the next 3 years (-14.1% per year).

Earnings vs Market: HVT's earnings are forecast to decline over the next 3 years (-14.1% per year).

High Growth Earnings: HVT's earnings are forecast to decline over the next 3 years.

Revenue vs Market: HVT's revenue is expected to decline over the next 3 years (-1.1% per year).

High Growth Revenue: HVT's revenue is forecast to decline over the next 3 years (-1.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if HVT's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

7.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HVT has high quality earnings.

Growing Profit Margin: HVT's current net profit margins (2.5%) are lower than last year (3.4%).


Past Earnings Growth Analysis

Earnings Trend: HVT's earnings have grown by 7.4% per year over the past 5 years.

Accelerating Growth: HVT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: HVT had negative earnings growth (-27.3%) over the past year, making it difficult to compare to the Specialty Retail industry average (-23.3%).


Return on Equity

High ROE: HVT's Return on Equity (7.9%) is considered low.


Next Steps

Financial Health

How is Haverty Furniture Companies's financial position?


Financial Position Analysis

Short Term Liabilities: HVT's short term assets ($220.2M) exceed its short term liabilities ($146.8M).

Long Term Liabilities: HVT's short term assets ($220.2M) exceed its long term liabilities ($175.7M).


Debt to Equity History and Analysis

Debt Level: HVT's debt to equity ratio (17.4%) is considered satisfactory.

Reducing Debt: HVT's debt to equity ratio has increased from 0% to 17.4% over the past 5 years.

Debt Coverage: HVT's debt is well covered by operating cash flow (83.2%).

Interest Coverage: HVT earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

5.18%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HVT's dividend (5.18%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: HVT's dividend (5.18%) is in the top 25% of dividend payers in the US market (4.36%)


Stability and Growth of Payments

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

Growing Dividend: HVT's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (76.1%), HVT's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

  • Explore strong dividend paying companies in the Retail industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

12.0yrs

Average management tenure


CEO

Clarence Smith (69 yo)

18.58yrs

Tenure

US$1,640,000

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 ($USD1.64M) is about average for companies of similar size in the US market ($USD1.30M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Clarence Smith
Chairman18.58yrsUS$1.64m0.96%
$ 2.8m
Richard Hare
Executive VP & CFO3.25yrsUS$794.45k0.030%
$ 85.1k
Steven Burdette
Executive Vice President of Operations2.75yrsUS$864.56k0.20%
$ 562.3k
J. Clary
Executive VP & Chief Information Officer20.58yrsUS$844.81k0.38%
$ 1.1m
J. Haverty
Senior VP of Real Estate and Development & Director28.58yrsno data0.60%
$ 1.7m
John Gill
Executive Vice President of Merchandising2.08yrsUS$640.19k0.089%
$ 255.0k
Janet Taylor
Senior VP & General Counsel14.25yrsno data0.22%
$ 641.1k
Helen Bautista
Vice President of Marketing1yrno data0.0027%
$ 7.6k
Kelly Fladger
Senior VP & Chief HR Officer1.25yrsno data0.0054%
$ 15.6k
Jenny Parker
Senior VP of Finance & Corporate Secretary23.58yrsno data0.15%
$ 432.4k
Randall Davis
VP, Corporate Controller & Treasurer12.58yrsno datano data
John Farris
Assistant Controller11.5yrsno datano data

12.0yrs

Average Tenure

58yo

Average Age

Experienced Management: HVT's management team is seasoned and experienced (12 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Clarence Smith
Chairman18.58yrsUS$1.64m0.96%
$ 2.8m
J. Haverty
Senior VP of Real Estate and Development & Director28.58yrsno data0.60%
$ 1.7m
Vicki Palmer
Independent Director18.75yrsUS$79.00k0.26%
$ 754.9k
John Glover
Independent Lead Director3.58yrsUS$90.33k0.35%
$ 998.3k
Mylle Bell Mangum
Independent Director21.25yrsUS$89.00k0.062%
$ 179.0k
Alfredo Trujillo
Independent Director16.83yrsUS$111.00k0.13%
$ 376.4k
G. Hough
Independent Director2yrsUS$96.29k0.064%
$ 185.2k
Laura Dukes
Independent Director4.25yrsUS$79.00k0.028%
$ 79.4k

12.4yrs

Average Tenure

65.5yo

Average Age

Experienced Board: HVT's board of directors are seasoned and experienced ( 12.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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
  • Exchange: NYSE
  • Founded: 1885
  • Industry: Homefurnishing Retail
  • Sector: Retail
  • Market Cap: US$287.863m
  • Shares outstanding: 18.80m
  • 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 Analysis2020/08/08 23:57
End of Day Share Price2020/08/07 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.