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HVT

Haverty Furniture CompaniesNYSE:HVT Stock Report

Market Cap

US$545.8m

7D

-5.2%

1Y

12.4%

Updated

30 Nov, 2021

Data

Company Financials +
HVT fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends3/6

HVT Stock Overview

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

Haverty Furniture Companies Competitors

Williams-Sonoma

NYSE:WSM

US$15.1b

RH

NYSE:RH

US$12.6b

Bed Bath & Beyond

NasdaqGS:BBBY

US$2.0b

Sleep Number

NasdaqGS:SNBR

US$1.8b

Price History & Performance

Summary of all time highs, changes and price drops for Haverty Furniture Companies
Historical stock prices
Current Share PriceUS$30.60
52 Week HighUS$52.84
52 Week LowUS$24.54
Beta1.39
1 Month Change6.62%
3 Month Change-14.12%
1 Year Change12.42%
3 Year Change44.14%
5 Year Change39.09%
Change since IPO753.95%

Recent News & Updates

Nov 03

Haverty - An Update Post The Q3 Results

HVT has a stronger backlog but is struggling to clear this on account of supply chain and shipping related challenges that could persist till Q1 next year. Valuations are cheap and the stock has reached a congestion zone. Buybacks have picked up significantly and there could be an even more attractive opportunity to deploy the pending funds at current levels. The potential for a short squeeze remains high. The current yield on offer is tempting.

Oct 30
We Think Haverty Furniture Companies (NYSE:HVT) Might Have The DNA Of A Multi-Bagger

We Think Haverty Furniture Companies (NYSE:HVT) Might Have The DNA Of A Multi-Bagger

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...

Aug 18

Haverty Stock: An Update Post The Q2 Results

Various housing-related metrics are reversing from their highs but things are still a long way from dropping to normalized levels. HVT delivered an outstanding Q2 but could face tougher comps in H2 and a more challenging cost base on account of supply chain and labor issues. Buybacks are yet to be resumed and the onus now is on CAPEX and e-commerce-related initiatives. The stock does not look stretched anymore but still has further room to correct.

Shareholder Returns

HVTUS Specialty RetailUS Market
7D-5.2%-3.8%-0.9%
1Y12.4%31.6%23.3%

Return vs Industry: HVT underperformed the US Specialty Retail industry which returned 29.4% over the past year.

Return vs Market: HVT underperformed the US Market which returned 21.3% over the past year.

Price Volatility

Is HVT's price volatile compared to industry and market?
HVT volatility
HVT Average Weekly Movement6.5%
Specialty Retail Industry Average Movement6.8%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

Stable Share Price: HVT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: HVT's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18852,766Clarence Smithhttps://www.havertys.com

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 Sealy, Tempur-Pedic, and Serta names, as well as private label Skye name.

Haverty Furniture Companies Fundamentals Summary

How do Haverty Furniture Companies's earnings and revenue compare to its market cap?
HVT fundamental statistics
Market CapUS$545.79m
Earnings (TTM)US$91.93m
Revenue (TTM)US$988.20m

5.9x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HVT income statement (TTM)
RevenueUS$988.20m
Cost of RevenueUS$426.04m
Gross ProfitUS$562.16m
ExpensesUS$470.23m
EarningsUS$91.93m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)5.16
Gross Margin56.89%
Net Profit Margin9.30%
Debt/Equity Ratio0%

How did HVT perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

19%

Payout Ratio

Valuation

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

45.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HVT ($30.6) is trading below our estimate of fair value ($55.69)

Significantly Below Fair Value: HVT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: HVT is good value based on its PE Ratio (5.9x) compared to the US Specialty Retail industry average (9.7x).

PE vs Market: HVT is good value based on its PE Ratio (5.9x) compared to the US market (17.1x).


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 (1.9x) compared to the US Specialty Retail industry average (3.1x).


Future Growth

How is Haverty Furniture Companies forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-4.8%

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 (-4.8% per year).

Earnings vs Market: HVT's earnings are forecast to decline over the next 3 years (-4.8% per year).

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

Revenue vs Market: HVT's revenue (1.8% per year) is forecast to grow slower than the US market (10.1% per year).

High Growth Revenue: HVT's revenue (1.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HVT's Return on Equity is forecast to be high in 3 years time (25.1%)


Past Performance

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

26.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HVT has high quality earnings.

Growing Profit Margin: HVT's current net profit margins (9.3%) are higher than last year (5.5%).


Past Earnings Growth Analysis

Earnings Trend: HVT's earnings have grown significantly by 26.3% per year over the past 5 years.

Accelerating Growth: HVT's earnings growth over the past year (130.9%) exceeds its 5-year average (26.3% per year).

Earnings vs Industry: HVT earnings growth over the past year (130.9%) underperformed the Specialty Retail industry 144.8%.


Return on Equity

High ROE: HVT's Return on Equity (31.5%) is considered high.


Financial Health

How is Haverty Furniture Companies's financial position?


Financial Position Analysis

Short Term Liabilities: HVT's short term assets ($378.5M) exceed its short term liabilities ($245.8M).

Long Term Liabilities: HVT's short term assets ($378.5M) exceed its long term liabilities ($226.4M).


Debt to Equity History and Analysis

Debt Level: HVT is debt free.

Reducing Debt: HVT had no debt 5 years ago.

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

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


Balance Sheet


Dividend

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

3.27%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HVT's dividend (3.27%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: HVT's dividend (3.27%) is low compared to the top 25% of dividend payers in the US market (3.58%).


Stability and Growth of Payments

Stable Dividend: HVT's dividend payments have been volatile in the past 10 years.

Growing Dividend: HVT's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (18.6%), HVT's dividend payments are well 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

Management

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

3.9yrs

Average management tenure


CEO

Clarence Smith (70 yo)

19.83yrs

Tenure

US$2,437,008

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 served as President of Haverty Furniture C...


CEO Compensation Analysis

Compensation vs Market: Clarence's total compensation ($USD2.44M) is above average for companies of similar size in the US market ($USD1.71M).

Compensation vs Earnings: Clarence's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: HVT's management team is considered experienced (3.9 years average tenure).


Board Members

Experienced Board: HVT's board of directors are seasoned and experienced ( 13.7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: HVT insiders have only sold shares 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 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$545.793m
  • Shares outstanding: 17.82m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 00:12
End of Day Share Price2021/11/29 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.