Haverty Furniture Companies Management
Management criteria checks 4/4
Haverty Furniture Companies' CEO is Clarence Smith, appointed in Jan 2002, has a tenure of 22.92 years. total yearly compensation is $2.89M, comprised of 26.3% salary and 73.7% bonuses, including company stock and options. directly owns 5.02% of the company’s shares, worth $17.87M. The average tenure of the management team and the board of directors is 6 years and 8.6 years respectively.
Key information
Clarence Smith
Chief executive officer
US$2.9m
Total compensation
| CEO salary percentage | 26.3% |
| CEO tenure | 22.9yrs |
| CEO ownership | 5.0% |
| Management average tenure | 6yrs |
| Board average tenure | 8.6yrs |
Recent management updates
Recent updates
Haverty: The Status-Quo Isn't Ideal, But Things May Turn For The Better (Rating Upgrade)
Sep 16Haverty Furniture Companies, Inc. Just Recorded A 80% EPS Beat: Here's What Analysts Are Forecasting Next
Aug 03
Why Haverty Furniture Companies, Inc. (NYSE:HVT) Could Be Worth Watching
Jul 17Haverty Furniture Companies: A Perfect Fit For Conservative Dividend Investors
May 23Haverty Furniture Companies' (NYSE:HVT) Returns On Capital Are Heading Higher
May 03Haverty Furniture: Conflicted About This Home Furnishing Retailer (Rating Downgrade)
Apr 23Earnings Update: Here's Why Analysts Just Lifted Their Haverty Furniture Companies, Inc. (NYSE:HVT) Price Target To US$45.00
Feb 24Should You Think About Buying Haverty Furniture Companies, Inc. (NYSE:HVT) Now?
Feb 23Haverty Furniture: Elevated Gross Margins, Pressured Sales
Jan 27Haverty Furniture Companies: Shares Are Still On Sale
Nov 09Haverty Furniture Companies (NYSE:HVT) Might Have The Makings Of A Multi-Bagger
Nov 05Haverty Furniture: Still Not The Best Time To Go Long
Sep 27Haverty Furniture Companies Deserves To Climb Even In Light Of Recent Pain
Jul 16An Intrinsic Calculation For Haverty Furniture Companies, Inc. (NYSE:HVT) Suggests It's 37% Undervalued
Jul 14Haverty Furniture And Its Real Value
Jun 26Haverty Furniture Companies' (NYSE:HVT) Upcoming Dividend Will Be Larger Than Last Year's
May 25Are Investors Undervaluing Haverty Furniture Companies, Inc. (NYSE:HVT) By 38%?
Mar 07Haverty Furniture declares $0.28 dividend
Feb 24Haverty Furniture: Quarterly Results Will Be Telling
Feb 08Shareholders Would Enjoy A Repeat Of Haverty Furniture Companies' (NYSE:HVT) Recent Growth In Returns
Feb 04Haverty Furniture declares $0.28 quarterly, $1 special dividend
Nov 11Haverty Furniture: A Retailer Ready For The Next Recession
Sep 08Haverty Furniture Companies' (NYSE:HVT) Shareholders Will Receive A Bigger Dividend Than Last Year
Aug 17Here's Why We Think Haverty Furniture Companies (NYSE:HVT) Might Deserve Your Attention Today
Aug 09Haverty Furniture Q2 GAAP EPS, revenue up
Aug 02Under The Bonnet, Haverty Furniture Companies' (NYSE:HVT) Returns Look Impressive
Jun 23CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$27m |
| Jun 30 2024 | n/a | n/a | US$39m |
| Mar 31 2024 | n/a | n/a | US$46m |
| Dec 31 2023 | US$3m | US$760k | US$56m |
| Sep 30 2023 | n/a | n/a | US$65m |
| Jun 30 2023 | n/a | n/a | US$72m |
| Mar 31 2023 | n/a | n/a | US$82m |
| Dec 31 2022 | US$3m | US$725k | US$89m |
| Sep 30 2022 | n/a | n/a | US$90m |
| Jun 30 2022 | n/a | n/a | US$90m |
| Mar 31 2022 | n/a | n/a | US$91m |
| Dec 31 2021 | US$3m | US$690k | US$91m |
| Sep 30 2021 | n/a | n/a | US$92m |
| Jun 30 2021 | n/a | n/a | US$86m |
| Mar 31 2021 | n/a | n/a | US$77m |
| Dec 31 2020 | US$2m | US$602k | US$59m |
| Sep 30 2020 | n/a | n/a | US$40m |
| Jun 30 2020 | n/a | n/a | US$28m |
| Mar 31 2020 | n/a | n/a | US$20m |
| Dec 31 2019 | US$2m | US$660k | US$22m |
| Sep 30 2019 | n/a | n/a | US$25m |
| Jun 30 2019 | n/a | n/a | US$27m |
| Mar 31 2019 | n/a | n/a | US$28m |
| Dec 31 2018 | US$2m | US$660k | US$30m |
| Sep 30 2018 | n/a | n/a | US$24m |
| Jun 30 2018 | n/a | n/a | US$21m |
| Mar 31 2018 | n/a | n/a | US$21m |
| Dec 31 2017 | US$2m | US$650k | US$21m |
Compensation vs Market: Clarence's total compensation ($USD2.89M) is about average for companies of similar size in the US market ($USD2.25M).
Compensation vs Earnings: Clarence's compensation has been consistent with company performance over the past year.
CEO
Clarence Smith (73 yo)
22.9yrs
Tenure
US$2,887,694
Compensation
Mr. Clarence H. Smith had been an Independent Director at Oxford Industries, Inc. since November 4, 2003 until June 25, 2024. Mr. Smith serves as a Trustee of Marist School. Mr. Smith served as President o...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 22.9yrs | US$2.89m | 5.02% $ 17.9m | |
| President | 3.8yrs | US$1.39m | 0.29% $ 1.0m | |
| Executive VP & CFO | 7.6yrs | US$1.16m | 0.16% $ 583.5k | |
| Executive Vice President of Merchandising | 6.4yrs | US$980.81k | 0.19% $ 681.0k | |
| Senior VP & General Counsel | 18.6yrs | no data | 0.37% $ 1.3m | |
| Senior Vice President of Marketing & Digital | 5.3yrs | no data | 0.080% $ 283.4k | |
| Senior VP & Chief Human Resources Officer | 5.6yrs | no data | 0.11% $ 392.7k | |
| Senior Vice President of Stores | 3.8yrs | no data | no data | |
| Senior Vice President of Strategic Development & Real Estate | 1.8yrs | no data | no data | |
| Senior Vice President of Information Technology | less than a year | no data | 0.023% $ 82.6k | |
| Senior VP of Finance & Corporate Secretary | 27.9yrs | no data | 0.20% $ 726.5k | |
| VP, Corporate Controller & Treasurer | 16.9yrs | no data | no data |
6.0yrs
Average Tenure
60yo
Average Age
Experienced Management: HVT's management team is seasoned and experienced (6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 35.9yrs | US$2.89m | 5.02% $ 17.9m | |
| Independent Director | 23.1yrs | US$140.00k | 0.22% $ 791.4k | |
| Non-Independent Non-Executive Director | 32.9yrs | US$197.01k | 0.85% $ 3.0m | |
| Independent Director | 2.1yrs | US$140.00k | 0.0085% $ 30.1k | |
| Independent Director | 21.2yrs | US$150.00k | 0.088% $ 313.9k | |
| Independent Director | 4.3yrs | US$140.00k | 0.041% $ 144.6k | |
| Independent Lead Director | 6.3yrs | US$152.00k | 0.092% $ 328.8k | |
| Independent Director | 8.6yrs | US$146.67k | 0% $ 0 | |
| Independent Director | less than a year | no data | 0.020% $ 69.9k |
8.6yrs
Average Tenure
64yo
Average Age
Experienced Board: HVT's board of directors are considered experienced (8.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 22:51 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Haverty Furniture Companies, Inc. is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kristine Koerber | Barrington Research Associates, Inc. |
| Michael Legg | Benchmark Company |
| Bradley Thomas | KeyBanc Capital Markets Inc. |