Loading...

Haverty Furniture Companies

NYSE:HVT
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HVT
NYSE
$491M
Market Cap
  1. Home
  2. US
  3. Retail
Company description

Haverty Furniture Companies, Inc. operates as a specialty retailer of residential furniture and accessories in the United States. The last earnings update was 50 days ago. More info.


Add to Portfolio Compare Print
HVT Share Price and Events
7 Day Returns
-2%
NYSE:HVT
-1.8%
US Specialty Retail
-0.1%
US Market
1 Year Returns
30.5%
NYSE:HVT
24.2%
US Specialty Retail
7.6%
US Market
HVT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Haverty Furniture Companies (HVT) -2% 7.9% 21.2% 30.5% 25.6% -5.9%
US Specialty Retail -1.8% 6.6% 13.4% 24.2% 29.6% 54.9%
US Market -0.1% 3.7% 10.2% 7.6% 38.1% 46.4%
1 Year Return vs Industry and Market
  • HVT outperformed the Specialty Retail industry which returned 24.2% over the past year.
  • HVT outperformed the Market in United States of America which returned 7.6% over the past year.
Price Volatility
HVT
Industry
5yr Volatility vs Market

Value

 Is Haverty Furniture Companies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Haverty Furniture Companies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Haverty Furniture Companies.

NYSE:HVT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:HVT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.866 (1 + (1- 21%) (10.36%))
0.958
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.958 * 5.96%)
8.44%

Discounted Cash Flow Calculation for NYSE:HVT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Haverty Furniture Companies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:HVT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.44%)
2019 45.17 Analyst x2 41.65
2020 48.67 Analyst x2 41.39
2021 42.85 Analyst x1 33.60
2022 44.81 Analyst x1 32.41
2023 47.27 Analyst x1 31.53
2024 47.50 Est @ 0.48% 29.21
2025 48.05 Est @ 1.15% 27.25
2026 48.83 Est @ 1.63% 25.54
2027 49.79 Est @ 1.96% 24.01
2028 50.88 Est @ 2.19% 22.63
Present value of next 10 years cash flows $309.22
NYSE:HVT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $50.88 × (1 + 2.73%) ÷ (8.44% – 2.73%)
$915.42
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $915.42 ÷ (1 + 8.44%)10
$407.15
NYSE:HVT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $309.22 + $407.15
$716.37
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $716.37 / 20.57
$34.82
NYSE:HVT Discount to Share Price
Calculation Result
Value per share (USD) From above. $34.82
Current discount Discount to share price of $23.81
= -1 x ($23.81 - $34.82) / $34.82
31.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Haverty Furniture Companies is available for.
Intrinsic value
32%
Share price is $23.81 vs Future cash flow value of $34.82
Current Discount Checks
For Haverty Furniture Companies to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Haverty Furniture Companies's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Haverty Furniture Companies's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Haverty Furniture Companies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Haverty Furniture Companies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:HVT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $1.45
NYSE:HVT Share Price ** NYSE (2019-04-23) in USD $23.81
United States of America Specialty Retail Industry PE Ratio Median Figure of 66 Publicly-Listed Specialty Retail Companies 16.12x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 18.03x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Haverty Furniture Companies.

NYSE:HVT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:HVT Share Price ÷ EPS (both in USD)

= 23.81 ÷ 1.45

16.46x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Haverty Furniture Companies is overvalued based on earnings compared to the US Specialty Retail industry average.
  • Haverty Furniture Companies is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Haverty Furniture Companies's expected growth come at a high price?
Raw Data
NYSE:HVT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
5.9%per year
United States of America Specialty Retail Industry PEG Ratio Median Figure of 57 Publicly-Listed Specialty Retail Companies 1.71x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

NYSE:HVT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.46x ÷ 5.9%

2.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Haverty Furniture Companies is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Haverty Furniture Companies's assets?
Raw Data
NYSE:HVT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $13.37
NYSE:HVT Share Price * NYSE (2019-04-23) in USD $23.81
United States of America Specialty Retail Industry PB Ratio Median Figure of 99 Publicly-Listed Specialty Retail Companies 1.62x
United States of America Market PB Ratio Median Figure of 5,185 Publicly-Listed Companies 1.92x
NYSE:HVT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:HVT Share Price ÷ Book Value per Share (both in USD)

= 23.81 ÷ 13.37

1.78x

* Primary Listing of Haverty Furniture Companies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Haverty Furniture Companies is overvalued based on assets compared to the US Specialty Retail industry average.
X
Value checks
We assess Haverty Furniture Companies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Specialty Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Specialty Retail industry average (and greater than 0)? (1 check)
  5. Haverty Furniture Companies has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Haverty Furniture Companies expected to grow at an attractive rate?
  • Haverty Furniture Companies's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Haverty Furniture Companies's earnings growth is positive but not above the United States of America market average.
  • Haverty Furniture Companies's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:HVT Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:HVT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 5.9%
NYSE:HVT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 2.1%
United States of America Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 10.3%
United States of America Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.5%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:HVT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:HVT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 903 61 40 1
2022-12-31 890 61 38 1
2021-12-31 875 61 36 1
2020-12-31 844 67 32 3
2019-12-31 824 64 30 3
NYSE:HVT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 818 70 30
2018-09-30 824 66 24
2018-06-30 821 61 21
2018-03-31 819 55 21
2017-12-31 820 52 21
2017-09-30 826 62 29
2017-06-30 830 70 30
2017-03-31 828 71 30
2016-12-31 822 60 28
2016-09-30 817 54 27
2016-06-30 815 45 27
2016-03-31 808 34 26

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Haverty Furniture Companies's earnings are expected to grow by 5.9% yearly, however this is not considered high growth (20% yearly).
  • Haverty Furniture Companies's revenue is expected to grow by 2.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:HVT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Haverty Furniture Companies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:HVT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 2.07 2.07 2.07 1.00
2022-12-31 1.95 1.95 1.95 1.00
2021-12-31 1.83 1.83 1.83 1.00
2020-12-31 1.57 1.68 1.48 3.00
2019-12-31 1.44 1.50 1.36 3.00
NYSE:HVT Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 1.45
2018-09-30 1.13
2018-06-30 1.01
2018-03-31 1.01
2017-12-31 0.99
2017-09-30 1.38
2017-06-30 1.44
2017-03-31 1.40
2016-12-31 1.32
2016-09-30 1.22
2016-06-30 1.22
2016-03-31 1.18

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Haverty Furniture Companies is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Haverty Furniture Companies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Haverty Furniture Companies has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Haverty Furniture Companies's growth in the last year to its industry (Specialty Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Haverty Furniture Companies's year on year earnings growth rate has been positive over the past 5 years.
  • Haverty Furniture Companies's 1-year earnings growth exceeds its 5-year average (43.8% vs 3%)
  • Haverty Furniture Companies's earnings growth has exceeded the US Specialty Retail industry average in the past year (43.8% vs 17.1%).
Earnings and Revenue History
Haverty Furniture Companies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Haverty Furniture Companies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:HVT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 817.84 30.31 404.86
2018-09-30 823.84 23.80 406.52
2018-06-30 820.96 21.43 405.43
2018-03-31 819.03 21.40 403.51
2017-12-31 820.03 21.08 402.88
2017-09-30 825.68 29.10 403.74
2017-06-30 829.74 30.48 403.38
2017-03-31 827.70 29.67 403.26
2016-12-31 821.80 28.36 399.24
2016-09-30 817.11 26.59 395.84
2016-06-30 815.36 26.88 392.82
2016-03-31 808.33 26.34 388.85
2015-12-31 805.16 27.79 384.80
2015-09-30 802.27 8.42 380.91
2015-06-30 790.89 8.58 375.76
2015-03-31 778.29 8.58 369.28
2014-12-31 768.71 8.59 364.65
2014-09-30 751.88 28.46 357.97
2014-06-30 746.06 30.13 352.68
2014-03-31 742.05 30.13 349.61
2013-12-31 746.41 32.27 348.60
2013-09-30 732.55 29.36 344.24
2013-06-30 712.50 23.18 341.04
2013-03-31 692.90 20.71 334.25
2012-12-31 670.37 14.91 328.83
2012-09-30 656.34 25.09 324.31
2012-06-30 639.08 21.89 319.67

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Haverty Furniture Companies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Haverty Furniture Companies used its assets more efficiently than the US Specialty Retail industry average last year based on Return on Assets.
  • Haverty Furniture Companies's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Haverty Furniture Companies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Specialty Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Haverty Furniture Companies has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Haverty Furniture Companies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Haverty Furniture Companies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Haverty Furniture Companies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Haverty Furniture Companies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Haverty Furniture Companies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Haverty Furniture Companies Company Filings, last reported 3 months ago.

NYSE:HVT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 274.63 50.80 71.54
2018-09-30 292.42 51.77 96.27
2018-06-30 291.78 52.72 74.64
2018-03-31 294.52 53.66 72.09
2017-12-31 294.14 54.59 79.49
2017-09-30 293.97 55.26 86.90
2017-06-30 290.29 54.78 65.86
2017-03-31 286.47 55.63 61.50
2016-12-31 281.87 55.47 63.48
2016-09-30 293.64 56.30 76.32
2016-06-30 287.94 55.52 49.78
2016-03-31 305.04 56.28 66.47
2015-12-31 301.74 53.13 83.38
2015-09-30 293.61 53.92 80.04
2015-06-30 299.22 53.64 73.20
2015-03-31 297.46 51.65 80.40
2014-12-31 292.08 49.07 72.73
2014-09-30 290.03 36.61 78.66
2014-06-30 305.92 30.89 87.84
2014-03-31 303.61 16.93 84.51
2013-12-31 298.26 17.16 83.19
2013-09-30 280.92 17.38 72.08
2013-06-30 272.09 17.92 52.26
2013-03-31 267.79 18.14 53.87
2012-12-31 259.43 19.35 53.55
2012-09-30 272.42 13.27 75.03
2012-06-30 268.95 12.67 55.72
  • Haverty Furniture Companies's level of debt (18.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (5.7% vs 18.5% today).
  • Debt is well covered by operating cash flow (138.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 29.3x coverage).
X
Financial health checks
We assess Haverty Furniture Companies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Haverty Furniture Companies has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.02%
Current annual income from Haverty Furniture Companies dividends. Estimated to be 7.18% next year.
If you bought $2,000 of Haverty Furniture Companies shares you are expected to receive $60 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Haverty Furniture Companies's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Haverty Furniture Companies's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:HVT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:HVT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.87 1.00
2022-12-31 1.79 1.00
2021-12-31 1.71 1.00
2020-12-31 1.63 1.00
2019-12-31 1.55 1.00
NYSE:HVT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-26 0.720 3.049
2018-11-16 0.720 3.561
2018-08-07 0.720 3.349
2018-05-08 0.720 3.444
2018-02-27 0.720 3.734
2017-11-07 0.600 2.621
2017-08-08 0.600 2.451
2017-05-09 0.480 2.016
2017-02-23 0.480 2.023
2016-11-08 0.480 2.122
2016-08-10 0.480 2.472
2016-05-10 0.400 2.169
2016-02-23 0.400 2.034
2015-11-10 0.400 1.938
2015-08-11 0.400 1.718
2015-08-03 0.320 1.439
2015-07-29 0.320 1.431
2015-02-17 0.320 1.417
2014-11-11 0.320 1.409
2014-11-03 0.320 1.450
2014-10-29 0.320 1.456
2014-08-06 0.320 1.424
2014-07-30 0.320 1.394
2014-02-18 0.320 1.231
2013-11-12 0.320 1.117
2013-08-13 0.320 1.279
2013-05-14 0.160 0.641
2013-02-19 0.160 0.770
2012-08-14 0.160 1.052
2012-05-17 0.160 1.384
2010-08-05 0.000 0.000
2010-08-04 0.000 0.000
2010-05-06 0.000 0.000
2010-05-05 0.000 0.000
2009-11-11 0.000 0.000
2009-11-05 0.000 0.000
2009-11-04 0.000 0.000
2009-08-06 0.000 0.000
2009-08-05 0.000 0.000
2009-05-07 0.000 0.000
2009-05-06 0.000 0.000
2009-04-24 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Haverty Furniture Companies has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Haverty Furniture Companies only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Haverty Furniture Companies's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Haverty Furniture Companies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Haverty Furniture Companies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Haverty Furniture Companies has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Clarence Smith
COMPENSATION $1,687,292
AGE 67
TENURE AS CEO 16.3 years
CEO Bio

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 President of Haverty Furniture Companies Inc. since May 2002. Mr. Smith served as the Chief Operating Officer of Haverty Furniture Companies Inc. from May 2000 to January 2003 and served as its Senior Vice President and General Manager of Stores from 1996 to 2000. He has been the Chairman of Haverty Furniture Companies Inc. since August 2012 and has been its Director since 1989. Mr. Smith has over 20 years of senior management experience at Haverty Furniture Companies, Inc., an Atlanta-based, publicly traded company with over 120 stores in 16 states in the Southern and Midwest regions of the United States.

CEO Compensation
  • Clarence's compensation has been consistent with company performance over the past year.
  • Clarence's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Haverty Furniture Companies management team in years:

13.4
Average Tenure
56.5
Average Age
  • The average tenure for the Haverty Furniture Companies management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Clarence Smith

TITLE
Chairman
COMPENSATION
$2M
AGE
67
TENURE
16.3 yrs

Richard Hare

TITLE
Executive VP & CFO
COMPENSATION
$789K
AGE
51
TENURE
1.9 yrs

Steven Burdette

TITLE
Executive Vice President of Operations
COMPENSATION
$819K
AGE
56
TENURE
1.4 yrs

Ed Clary

TITLE
Executive VP & Chief Information Officer
COMPENSATION
$815K
AGE
57
TENURE
19.3 yrs

Janet Taylor

TITLE
Senior VP & General Counsel
AGE
56
TENURE
12.9 yrs

Kathy Daly-Jennings

TITLE
Senior Vice President of Marketing
AGE
55
TENURE
4.8 yrs

Allan DeNiro

TITLE
Senior VP & Chief People Officer
AGE
64
TENURE
13.9 yrs

J. Haverty

TITLE
Senior VP of Real Estate & Development and Director
AGE
61
TENURE
21.3 yrs

John Gill

TITLE
Senior Vice President of Merchandising
AGE
54
TENURE
0.8 yrs

Jenny Parker

TITLE
Senior VP of Finance
AGE
59
TENURE
21.3 yrs
Board of Directors Tenure

Average tenure and age of the Haverty Furniture Companies board of directors in years:

15.5
Average Tenure
64
Average Age
  • The average tenure for the Haverty Furniture Companies board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Clarence Smith

TITLE
Chairman
COMPENSATION
$2M
AGE
67
TENURE
6.7 yrs

J. Haverty

TITLE
Senior VP of Real Estate & Development and Director
AGE
61
TENURE
27.3 yrs

John Glover

TITLE
Lead Director
COMPENSATION
$85K
AGE
71
TENURE
2.3 yrs

Mylle Mangum

TITLE
Independent Director
COMPENSATION
$85K
AGE
69
TENURE
19.9 yrs

Fred Schuermann

TITLE
Independent Director
COMPENSATION
$83K
AGE
72
TENURE
17.4 yrs

Al Trujillo

TITLE
Independent Director
COMPENSATION
$85K
AGE
58
TENURE
15.5 yrs

Vicki Palmer

TITLE
Independent Director
COMPENSATION
$75K
AGE
64
TENURE
17.4 yrs

Laura Dukes

TITLE
Independent Director
COMPENSATION
$75K
AGE
43
TENURE
2.9 yrs

Tom Hough

TITLE
Independent Director
AGE
63
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • Haverty Furniture Companies insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
11. Mar 19 Sell Alfredo Trujillo Individual 04. Mar 19 04. Mar 19 -5,136 $24.28 $-124,702
05. Mar 19 Sell Clarence Smith Individual 28. Feb 19 28. Feb 19 -9,976 $24.01 $-239,514
28. Feb 19 Sell Allan DeNiro Individual 27. Feb 19 27. Feb 19 -8,000 $24.22 $-193,738
26. Feb 19 Sell J. Haverty Individual 22. Feb 19 22. Feb 19 -4,257 $23.22 $-98,830
26. Feb 19 Sell Jenny Parker Individual 25. Feb 19 25. Feb 19 -7,069 $23.50 $-166,122
10. Aug 18 Buy G. Hough Individual 08. Aug 18 08. Aug 18 2,000 $21.50 $43,000
18. Jun 18 Sell Richard Gallagher Individual 15. Jun 18 15. Jun 18 -5,169 $21.73 $-112,322
11. Jun 18 Sell Steven Burdette Individual 08. Jun 18 08. Jun 18 -6,000 $21.37 $-128,220
06. Jun 18 Sell Jenny Parker Individual 06. Jun 18 06. Jun 18 -4,964 $21.00 $-104,244
29. May 18 Sell Allan DeNiro Individual 25. May 18 25. May 18 -3,559 $20.38 $-72,523
X
Management checks
We assess Haverty Furniture Companies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Haverty Furniture Companies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Haverty Furniture Companies, Inc.'s (NYSE:HVT) P/E Ratio Really That Good?

We'll apply a basic P/E ratio analysis to Haverty Furniture Companies, Inc.'s (NYSE:HVT), to help you decide if the stock is worth further research. … Based on the last twelve months, Haverty Furniture Companies's P/E ratio is 16.31. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Haverty Furniture Companies, Inc. (NYSE:HVT): Has Recent Earnings Growth Beaten Long-Term Trend?

Examining how Haverty Furniture Companies, Inc. … Below, I will run you through a simple sense check to build perspective on how Haverty Furniture Companies is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its specialty retail industry peers. … Check out our latest analysis for Haverty Furniture Companies.

Simply Wall St -

Does Haverty Furniture Companies, Inc. (NYSE:HVT) Create Value For Shareholders?

Our data shows Haverty Furniture Companies has a return on equity of 11% for the last year. … That means that for every $1 worth of shareholders' equity, it generated $0.11 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Imagine Owning Haverty Furniture Companies (NYSE:HVT) And Wondering If The 25% Share Price Slide Is Justified

In fact, the share price is down 25%, which falls well short of the return you could get by buying an index fund. … During the unfortunate half decade during which the share price slipped, Haverty Furniture Companies actually saw its earnings per share (EPS) improve by 0.1% per year. … A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity.

Simply Wall St -

Are Insiders Selling Haverty Furniture Companies, Inc. (NYSE:HVT) Stock?

We often see insiders buying up shares in companies that perform well over the long term. … So shareholders might well want to know whether insiders have been buying or selling shares in Haverty Furniture Companies, Inc. … Haverty Furniture Companies Insider Transactions Over The Last Year.

Simply Wall St -

2 Days Left To Cash In On Haverty Furniture Companies, Inc. (NYSE:HVT) Dividend

Investors who want to cash in on Haverty Furniture Companies, Inc.'s (NYSE:HVT) upcoming dividend of US$0.18 per share have only 2 days left to buy the shares before its ex-dividend date, 12 March 2019, in time for dividends payable on the 28 March 2019. … Should you diversify into Haverty Furniture Companies and boost your portfolio income stream? … See our latest analysis for Haverty Furniture Companies?

Simply Wall St -

How Should Investors React To Haverty Furniture Companies, Inc.'s (NYSE:HVT) CEO Pay?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Clarence Smith's Compensation Compare With Similar Sized Companies. … has a market capitalization of US$505m, and pays its CEO total annual compensation worth US$1.7m.

Simply Wall St -

Haverty Furniture Companies, Inc. (NYSE:HVT): The Yield That Matters The Most

Today we will examine Haverty Furniture Companies’s ability to generate cash flows, as well as the level of capital expenditure it is expected to incur over the next couple of years, which will result in how much money goes to you. … Is Haverty Furniture Companies generating enough cash … Free cash flow (FCF) is the amount of cash Haverty Furniture Companies has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations.

Simply Wall St -

Is Haverty Furniture Companies, Inc. (NYSE:HVT) Potentially Underrated?

Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … that has been able to sustain great financial health over the past.

Simply Wall St -

Investors Are Undervaluing Haverty Furniture Companies, Inc. (NYSE:HVT) By 26.53%

(NYSE:HVT) from its intrinsic value? … by taking the foreast future cash flows of the company and discounting them back to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Company Info

Description

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, as well as mattress product lines under the Sealy, Tempur-Pedic, Serta, Stearns & Foster, and Beautyrest Black names. The company sells home furnishings through its retail stores, as well as through its Website. As of December 31, 2018 it operated 120 showrooms in 16 states in the Southern and Midwestern regions. Haverty Furniture Companies, Inc. was founded in 1885 and is based in Atlanta, Georgia.

Details
Name: Haverty Furniture Companies, Inc.
HVT
Exchange: NYSE
Founded: 1885
$490,561,706
20,570,708
Website: http://www.havertys.com
Address: Haverty Furniture Companies, Inc.
780 Johnson Ferry Road,
Suite 800,
Atlanta,
Georgia, 30342,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE HVT Common Stock New York Stock Exchange US USD 02. Jan 1980
DB 25F Common Stock Deutsche Boerse AG DE EUR 02. Jan 1980
NYSE HVT.A Class A Common Stock New York Stock Exchange US USD 27. May 1986
Number of employees
Current staff
Staff numbers
3,418
Haverty Furniture Companies employees.
Industry
Homefurnishing Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 23:37
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/10
Last earnings filing: 2019/03/04
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.