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HVT

Haverty Furniture Companies NYSE:HVT Stock Report

Last Price

US$28.93

Market Cap

US$472.8m

7D

5.9%

1Y

-20.7%

Updated

06 Aug, 2022

Data

Company Financials +
HVT fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends4/6

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

Price History & Performance

Summary of all time highs, changes and price drops for Haverty Furniture Companies
Historical stock prices
Current Share PriceUS$28.93
52 Week HighUS$38.92
52 Week LowUS$22.77
Beta1.36
1 Month Change18.52%
3 Month Change6.36%
1 Year Change-20.74%
3 Year Change60.19%
5 Year Change19.05%
Change since IPO707.35%

Recent News & Updates

Aug 02

Haverty Furniture Q2 GAAP EPS, revenue up

Haverty Furniture press release (NYSE:HVT): Q2 GAAP EPS of $1.27 (vs. $1.21 Y/Y). Revenue of $253.2M (+1.3% Y/Y). Shares +3.5% AH.

Jun 23
Under The Bonnet, Haverty Furniture Companies' (NYSE:HVT) Returns Look Impressive

Under The Bonnet, Haverty Furniture Companies' (NYSE:HVT) Returns Look Impressive

There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...

Shareholder Returns

HVTUS Specialty RetailUS Market
7D5.9%3.9%1.0%
1Y-20.7%-30.9%-12.9%

Return vs Industry: HVT exceeded the US Specialty Retail industry which returned -29.8% over the past year.

Return vs Market: HVT underperformed the US Market which returned -12.8% over the past year.

Price Volatility

Is HVT's price volatile compared to industry and market?
HVT volatility
HVT Average Weekly Movement5.5%
Specialty Retail Industry Average Movement8.8%
Market Average Movement7.9%
10% most volatile stocks in US Market17.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: HVT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: HVT's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18852,845Clarence 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, Stearns and Foster, 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$472.78m
Earnings (TTM)US$89.61m
Revenue (TTM)US$1.02b

5.3x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HVT income statement (TTM)
RevenueUS$1.02b
Cost of RevenueUS$432.82m
Gross ProfitUS$585.66m
Other ExpensesUS$496.05m
EarningsUS$89.61m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)5.49
Gross Margin57.50%
Net Profit Margin8.80%
Debt/Equity Ratio0%

How did HVT perform over the long term?

See historical performance and comparison

Dividends

3.9%

Current Dividend Yield

20%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is HVT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HVT?

Other financial metrics that can be useful for relative valuation.

HVT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.6x
Enterprise Value/EBITDA4.2x
PEG Ratio-0.3x

Price to Earnings Ratio vs Peers

How does HVT's PE Ratio compare to its peers?

HVT PE Ratio vs Peers
The above table shows the PE ratio for HVT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11.3x
AAN Aaron's Company
7.2x26.9%US$410.0m
SNBR Sleep Number
9.3x6.1%US$952.1m
ARHS Arhaus
25.3x28.0%US$841.8m
RH RH
7.8x-2.1%US$7.1b
HVT Haverty Furniture Companies
5.3x-16.6%US$472.8m

Price-To-Earnings vs Peers: HVT is good value based on its Price-To-Earnings Ratio (5.3x) compared to the peer average (11.3x).


Price to Earnings Ratio vs Industry

How does HVT's PE Ratio compare vs other companies in the US Specialty Retail Industry?

Price-To-Earnings vs Industry: HVT is good value based on its Price-To-Earnings Ratio (5.3x) compared to the US Specialty Retail industry average (6.4x)


Price to Earnings Ratio vs Fair Ratio

What is HVT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HVT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.3x
Fair PE Ratio5.8x

Price-To-Earnings vs Fair Ratio: HVT is good value based on its Price-To-Earnings Ratio (5.3x) compared to the estimated Fair Price-To-Earnings Ratio (5.8x).


Share Price vs Fair Value

What is the Fair Price of HVT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HVT ($28.93) is trading above our estimate of fair value ($20.85)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-16.6%

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 (-16.6% per year).

Earnings vs Market: HVT's earnings are forecast to decline over the next 3 years (-16.6% 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 (-1.3% per year).

High Growth Revenue: HVT's revenue is forecast to decline over the next 3 years (-1.3% 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


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Past Performance

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

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


34.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HVT has a high level of non-cash earnings.

Growing Profit Margin: HVT's current net profit margins (8.8%) are lower than last year (9.1%).


Past Earnings Growth Analysis

Earnings Trend: HVT's earnings have grown significantly by 34.3% per year over the past 5 years.

Accelerating Growth: HVT's earnings growth over the past year (4.3%) is below its 5-year average (34.3% per year).

Earnings vs Industry: HVT earnings growth over the past year (4.3%) underperformed the Specialty Retail industry 30.3%.


Return on Equity

High ROE: HVT's Return on Equity (33.6%) is considered high.


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Financial Health

How is Haverty Furniture Companies's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: HVT's short term assets ($309.4M) exceed its short term liabilities ($208.5M).

Long Term Liabilities: HVT's short term assets ($309.4M) exceed its long term liabilities ($219.1M).


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


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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.87%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: HVT's dividend (3.87%) is higher than the bottom 25% of dividend payers in the US market (1.52%).

High Dividend: HVT's dividend (3.87%) is low compared to the top 25% of dividend payers in the US market (4.09%).


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.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (19.9%), HVT's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (62.6%), HVT's dividend payments are covered by cash flows.


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Management

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

4.7yrs

Average management tenure


CEO

Clarence Smith (71 yo)

20.58yrs

Tenure

US$3,161,832

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...


CEO Compensation Analysis

Compensation vs Market: Clarence's total compensation ($USD3.16M) is about average for companies of similar size in the US market ($USD2.70M).

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 (4.7 years average tenure).


Board Members

Experienced Board: HVT's board of directors are seasoned and experienced ( 19.8 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
  • Implied Market Cap: US$472.777m
  • Shares outstanding: 16.34m
  • 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 Analysis2022/08/06 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.