company background image
HVT

Haverty Furniture CompaniesNYSE:HVT Stock Report

Market Cap

US$608.2m

7D

-2.4%

1Y

33.9%

Updated

18 Oct, 2021

Data

Company Financials +
HVT fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends2/6

HVT Overview

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

Haverty Furniture Companies Competitors

RH

NYSE:RH

US$13.9b

Williams-Sonoma

NYSE:WSM

US$13.6b

Sleep Number

NasdaqGS:SNBR

US$2.0b

Bed Bath & Beyond

NasdaqGS:BBBY

US$1.4b

Price History & Performance

Summary of all time highs, changes and price drops for Haverty Furniture Companies
Historical stock prices
Current Share PriceUS$33.23
52 Week HighUS$22.24
52 Week LowUS$52.84
Beta1.53
1 Month Change-3.15%
3 Month Change-15.19%
1 Year Change33.94%
3 Year Change60.84%
5 Year Change83.59%
Change since IPO827.35%

Recent News & Updates

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-2.4%1.5%2.0%
1Y33.9%35.2%27.6%

Return vs Industry: HVT underperformed the US Specialty Retail industry which returned 35.2% over the past year.

Return vs Market: HVT exceeded the US Market which returned 27.6% over the past year.

Price Volatility

Is HVT's price volatile compared to industry and market?
HVT volatility
HVT Beta1.53
Industry Beta1.55
Market Beta1

Stable Share Price: HVT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: HVT's weekly volatility (5%) 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$608.19m
Earnings (TTM)US$85.95m
Revenue (TTM)US$945.33m

7.1x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HVT income statement (TTM)
RevenueUS$945.33m
Cost of RevenueUS$409.00m
Gross ProfitUS$536.33m
ExpensesUS$450.38m
EarningsUS$85.95m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 28, 2021

Earnings per share (EPS)4.69
Gross Margin56.73%
Net Profit Margin9.09%
Debt/Equity Ratio0%

How did HVT perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

19%

Payout Ratio

Valuation

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

16.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HVT ($32.9) is trading below our estimate of fair value ($39.95)

Significantly Below Fair Value: HVT is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: HVT is good value based on its PE Ratio (7x) compared to the US Specialty Retail industry average (9.9x).

PE vs Market: HVT is good value based on its PE Ratio (7x) compared to the US market (18.2x).


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 (2.1x) compared to the US Specialty Retail industry average (2.8x).


Future Growth

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

-3.3%

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 (-3.3% per year).

Earnings vs Market: HVT's earnings are forecast to decline over the next 3 years (-3.3% per year).

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

Revenue vs Market: HVT's revenue (3.2% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: HVT's revenue (3.2% per year) is forecast to grow slower than 20% 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


Past Performance

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

20.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HVT has high quality earnings.

Growing Profit Margin: HVT's current net profit margins (9.1%) are higher than last year (3.9%).


Past Earnings Growth Analysis

Earnings Trend: HVT's earnings have grown significantly by 20.7% per year over the past 5 years.

Accelerating Growth: HVT's earnings growth over the past year (210.8%) exceeds its 5-year average (20.7% per year).

Earnings vs Industry: HVT earnings growth over the past year (210.8%) exceeded the Specialty Retail industry 158.2%.


Return on Equity

High ROE: HVT's Return on Equity (29.7%) is considered high.


Financial Health

How is Haverty Furniture Companies's financial position?


Financial Position Analysis

Short Term Liabilities: HVT's short term assets ($380.6M) exceed its short term liabilities ($234.8M).

Long Term Liabilities: HVT's short term assets ($380.6M) exceed its long term liabilities ($236.9M).


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?

3.01%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HVT's dividend (3.04%) is higher than the bottom 25% of dividend payers in the US market (1.29%).

High Dividend: HVT's dividend (3.04%) is low compared to the top 25% of dividend payers in the US market (3.49%).


Stability and Growth of Payments

Stable Dividend: HVT has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: HVT's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (19%), 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?

3.8yrs

Average management tenure


CEO

Clarence Smith (70 yo)

19.75yrs

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 ($USD2.44M) is about average for companies of similar size in the US market ($USD2.26M).

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 (3.8 years average tenure).


Board Members

Experienced Board: HVT's board of directors are seasoned and experienced ( 13.6 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$608.190m
  • Shares outstanding: 18.31m
  • 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 Analysis2021/10/18 22:53
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
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.