Haverty Furniture Companies
Market Cap
US$642.7m
Last Updated
2021/02/25 23:39 UTC
Data Sources
Company Financials +
Executive Summary
Haverty Furniture Companies, Inc. operates as a specialty retailer of residential furniture and accessories in the United States. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 13.5% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet with outstanding track record.
Similar Companies
Share Price & News
How has Haverty Furniture Companies's share price performed over time and what events caused price changes?
Latest Share Price and Events
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.
Market Performance
7 Day Return
1.3%
HVT
-1.9%
US Specialty Retail
-3.2%
US Market
1 Year Return
108.4%
HVT
51.4%
US Specialty Retail
38.9%
US Market
Return vs Industry: HVT exceeded the US Specialty Retail industry which returned 47.5% over the past year.
Return vs Market: HVT exceeded the US Market which returned 37.1% over the past year.
Shareholder returns
| HVT | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.3% | -1.9% | -3.2% |
| 30 Day | 4.0% | 1.3% | -0.8% |
| 90 Day | 24.8% | 13.9% | 3.1% |
| 1 Year | 131.6%108.4% | 52.4%51.4% | 42.0%38.9% |
| 3 Year | 114.2%71.0% | 94.7%86.7% | 60.6%50.3% |
| 5 Year | 133.8%70.5% | 95.9%80.5% | 128.0%102.5% |
Long-Term Price Volatility Vs. Market
How volatile is Haverty Furniture Companies's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
I Ran A Stock Scan For Earnings Growth And Haverty Furniture Companies (NYSE:HVT) Passed With Ease3 weeks ago | Simply Wall St
Do Its Financials Have Any Role To Play In Driving Haverty Furniture Companies, Inc.'s (NYSE:HVT) Stock Up Recently?1 month ago | Simply Wall St
Is Haverty Furniture Companies, Inc. (NYSE:HVT) A Smart Choice For Dividend Investors?Valuation
Is Haverty Furniture Companies undervalued compared to its fair value and its price relative to the market?
11.27x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HVT ($35.22) is trading above our estimate of fair value ($25.18)
Significantly Below Fair Value: HVT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HVT is good value based on its PE Ratio (11.3x) compared to the US Specialty Retail industry average (18.6x).
PE vs Market: HVT is good value based on its PE Ratio (11.3x) compared to the US market (21.7x).
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 (2.6x) compared to the US Specialty Retail industry average (3.1x).
Next Steps
Future Growth
How is Haverty Furniture Companies forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
-13.5%
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 (-13.5% per year).
Earnings vs Market: HVT's earnings are forecast to decline over the next 3 years (-13.5% per year).
High Growth Earnings: HVT's earnings are forecast to decline over the next 3 years.
Revenue vs Market: HVT's revenue (7.6% per year) is forecast to grow slower than the US market (10.4% per year).
High Growth Revenue: HVT's revenue (7.6% 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 low in 3 years time (18%).
Next Steps
Past Performance
How has Haverty Furniture Companies performed over the past 5 years?
6.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HVT has high quality earnings.
Growing Profit Margin: HVT's current net profit margins (7.9%) are higher than last year (2.7%).
Past Earnings Growth Analysis
Earnings Trend: HVT's earnings have grown by 6.2% per year over the past 5 years.
Accelerating Growth: HVT's earnings growth over the past year (170.8%) exceeds its 5-year average (6.2% per year).
Earnings vs Industry: HVT earnings growth over the past year (170.8%) exceeded the Specialty Retail industry 24.9%.
Return on Equity
High ROE: HVT's Return on Equity (23.4%) is considered high.
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Financial Health
How is Haverty Furniture Companies's financial position?
Financial Position Analysis
Short Term Liabilities: HVT's short term assets ($316.2M) exceed its short term liabilities ($204.0M).
Long Term Liabilities: HVT's short term assets ($316.2M) exceed its long term liabilities ($223.4M).
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
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Dividend
What is Haverty Furniture Companies's current dividend yield, its reliability and sustainability?
2.50%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HVT's dividend (2.5%) is higher than the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: HVT's dividend (2.5%) is low compared to the top 25% of dividend payers in the US market (3.7%).
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 (24.6%), 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.
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Management
How experienced are the management team and are they aligned to shareholders interests?
12.5yrs
Average management tenure
CEO
Clarence Smith (69 yo)
19.08yrs
Tenure
US$1,640,000
Compensation
Mr. Clarence H. Smith has been an Independent Director at Oxford Industries Inc. since November 4, 2003. Mr. Smith serves as a Trustee of Marist School. Mr. Smith has been the Chief Executive Officer and P...
CEO Compensation Analysis
Compensation vs Market: Clarence's total compensation ($USD1.64M) is about average for companies of similar size in the US market ($USD2.20M).
Compensation vs Earnings: Clarence's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 19.08yrs | US$1.64m | 4.24% $ 27.2m | |
| Executive VP & CFO | 3.75yrs | US$794.45k | 0.030% $ 196.0k | |
| Executive Vice President of Operations | 3.25yrs | US$864.56k | 0.18% $ 1.2m | |
| Executive VP & Chief Information Officer | 21.08yrs | US$844.81k | 0.40% $ 2.5m | |
| Senior VP of Real Estate and Development & Director | 29.08yrs | no data | 1.11% $ 7.2m | |
| Executive Vice President of Merchandising | 2.58yrs | US$640.19k | 0.091% $ 587.7k | |
| Senior VP & General Counsel | 14.75yrs | no data | 0.23% $ 1.5m | |
| Vice President of Marketing | 1.5yrs | no data | 0.0027% $ 17.6k | |
| Senior VP & Chief HR Officer | 1.75yrs | no data | 0.0056% $ 35.9k | |
| Senior VP of Finance & Corporate Secretary | 24.08yrs | no data | 0.10% $ 643.8k | |
| VP, Corporate Controller & Treasurer | 13.08yrs | no data | no data | |
| Assistant Controller | 12yrs | no data | no data |
12.5yrs
Average Tenure
58yo
Average Age
Experienced Management: HVT's management team is seasoned and experienced (12.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 19.08yrs | US$1.64m | 4.24% $ 27.2m | |
| Senior VP of Real Estate and Development & Director | 29.08yrs | no data | 1.11% $ 7.2m | |
| Independent Director | 19.25yrs | US$79.00k | 0.27% $ 1.7m | |
| Independent Lead Director | 4.08yrs | US$90.33k | 0.36% $ 2.3m | |
| Independent Director | 21.75yrs | US$89.00k | 0.066% $ 421.8k | |
| Independent Director | 17.33yrs | US$111.00k | 0.13% $ 857.7k | |
| Independent Director | 0.42yr | no data | 0.0090% $ 58.0k | |
| Independent Director | 2.5yrs | US$96.29k | 0.067% $ 428.6k | |
| Independent Director | 4.75yrs | US$79.00k | 0.029% $ 184.8k |
8.5yrs
Average Tenure
65yo
Average Age
Experienced Board: HVT's board of directors are considered experienced (8.5 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 company bio, 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$642.670m
- Shares outstanding: 18.21m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HVT | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1980 |
| 25F | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1980 |
| HVT.A | NYSE (New York Stock Exchange) | Class A Common Stock | US | USD | May 1986 | |
| 25F0 | DB (Deutsche Boerse AG) | Class A Common Stock | DE | EUR | May 1986 |
Biography
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 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/25 23:39 |
| End of Day Share Price | 2021/02/25 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.