NYSE:HVT

Stock Analysis Report

Haverty Furniture Companies

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet with acceptable 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


Market Performance


7 Day Return

0.6%

NYSE:HVT

3.1%

US Specialty Retail

-1.9%

US Market


1 Year Return

-14.3%

NYSE:HVT

-7.9%

US Specialty Retail

-3.3%

US Market

HVT underperformed the Specialty Retail industry which returned -8% over the past year.

HVT underperformed the Market in United States of America which returned -3% over the past year.


Share holder returns

HVTIndustryMarket
7 Day0.6%3.1%-1.9%
30 Day3.9%-4.9%-6.2%
90 Day7.6%2.2%0.3%
1 Year-6.8%-14.3%-6.4%-7.9%-1.1%-3.3%
3 Year16.1%-3.4%22.8%16.4%37.9%28.9%
5 Year2.5%-17.7%44.9%32.0%50.8%34.1%

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

Valuation

Is Haverty Furniture Companies undervalued based on future cash flows and its price relative to the stock market?

26%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Haverty Furniture Companies's share price is below the future cash flow value, and at a moderate discount (> 20%).

Haverty Furniture Companies's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Haverty Furniture Companies is overvalued based on earnings compared to the US Specialty Retail industry average.

Haverty Furniture Companies is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Haverty Furniture Companies is poor value based on expected growth next year.


Price Based on Value of Assets

Haverty Furniture Companies is overvalued based on assets compared to the US Specialty Retail industry average.


Next Steps

Future Growth

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

6.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Haverty Furniture Companies's revenue is expected to grow by 2.5% yearly, however this is not considered high growth (20% yearly).

Haverty Furniture Companies's earnings are expected to grow by 6.8% yearly, however this is not considered high growth (20% yearly).

Haverty Furniture Companies's revenue growth is positive but not above the United States of America market average.

Haverty Furniture Companies's earnings growth is positive but not above the United States of America market average.

Haverty Furniture Companies's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Haverty Furniture Companies is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

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

8.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Haverty Furniture Companies's year on year earnings growth rate has been positive over the past 5 years.

Haverty Furniture Companies's 1-year earnings growth exceeds its 5-year average (28.1% vs 8.4%)

Haverty Furniture Companies's earnings growth has exceeded the US Specialty Retail industry average in the past year (28.1% vs 8.3%).


Return on Equity

Haverty Furniture Companies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Haverty Furniture Companies used its assets less efficiently than the US Specialty Retail industry average last year based on Return on Assets.


Return on Capital Employed

Haverty Furniture Companies's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Haverty Furniture Companies's financial position?


Financial Position Analysis

Haverty Furniture Companies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Haverty Furniture Companies's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Haverty Furniture Companies has no debt.

Haverty Furniture Companies has not taken on any debt in the past 5 years.

Haverty Furniture Companies has no debt, it does not need to be covered by operating cash flow.

Haverty Furniture Companies has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Haverty Furniture Companies has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

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

8.60%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Haverty Furniture Companies's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).

Haverty Furniture Companies's dividend is above the markets top 25% of dividend payers in United States of America (3.93%).

Whilst dividend payments have been stable, Haverty Furniture Companies has been paying a dividend for less than 10 years.

Dividend payments have increased, but Haverty Furniture Companies only paid a dividend in the past 7 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.9x coverage).


Future Payout to Shareholders

Dividends after 3 years are not well covered by earnings (1x coverage).


Next Steps

Management

What is the CEO of Haverty Furniture Companies's salary, the management and board of directors tenure and is there insider trading?

13.3yrs

Average management tenure


CEO

Clarence Smith (68yo)

16.6yrs

Tenure

US$1,731,699

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

Clarence's remuneration is about average for companies of similar size in United States of America.

Clarence's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

13.3yrs

Average Tenure

57.5yo

Average Age

The average tenure for the Haverty Furniture Companies management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

11.4yrs

Average Tenure

64.5yo

Average Age

The average tenure for the Haverty Furniture Companies board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUS$53,74421 May 19
G. Hough
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3,000
Max PriceUS$17.91
SellUS$85,07021 May 19
Steven Burdette
EntityIndividual
Role
Chief Operating Officer
Executive Vice President of Operations
Shares4,700
Max PriceUS$18.10
SellUS$124,70211 Mar 19
Alfredo Trujillo
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares5,136
Max PriceUS$24.28
SellUS$239,51405 Mar 19
Clarence Smith
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares9,976
Max PriceUS$24.01
SellUS$193,73828 Feb 19
Allan DeNiro
EntityIndividual
Shares8,000
Max PriceUS$24.22
SellUS$166,12226 Feb 19
Jenny Parker
EntityIndividual
Role
Secretary
Senior VP of Finance & Secretary
Shares7,069
Max PriceUS$23.50
SellUS$98,83026 Feb 19
J. Haverty
EntityIndividual
Role
Member of the Board of Directors
Senior VP of Real Estate & Development and Director
Shares4,257
Max PriceUS$23.22

Ownership Breakdown


Management Team

  • Clarence Smith (68yo)

    Chairman

    • Tenure: 16.6yrs
    • Compensation: US$1.73m
  • J. Haverty (62yo)

    Senior VP of Real Estate & Development and Director

    • Tenure: 27.6yrs
    • Compensation: US$632.96k
  • Ed Clary (58yo)

    Executive VP & Chief Information Officer

    • Tenure: 19.6yrs
    • Compensation: US$784.81k
  • Jenny Parker (60yo)

    Senior VP of Finance & Secretary

    • Tenure: 22.6yrs
  • Steven Burdette (57yo)

    Executive Vice President of Operations

    • Tenure: 1.8yrs
    • Compensation: US$824.28k
  • Janet Taylor (57yo)

    Senior VP & General Counsel

    • Tenure: 13.3yrs
  • Richard Hare (52yo)

    Executive VP & CFO

    • Tenure: 2.3yrs
    • Compensation: US$951.29k
  • John Gill (55yo)

    Senior Vice President of Merchandising

    • Tenure: 1.1yrs
  • Kelly Fladger

    Senior VP & Chief HR Officer

    • Tenure: 0.3yrs
  • Helen Bautista

    Vice President of Marketing

    • Tenure: 0.0yrs

Board Members

  • Vicki Palmer (65yo)

    Independent Director

    • Tenure: 17.8yrs
    • Compensation: US$79.00k
  • Clarence Smith (68yo)

    Chairman

    • Tenure: 16.6yrs
    • Compensation: US$1.73m
  • J. Haverty (62yo)

    Senior VP of Real Estate & Development and Director

    • Tenure: 27.6yrs
    • Compensation: US$632.96k
  • John Glover (72yo)

    Lead Director

    • Tenure: 2.6yrs
    • Compensation: US$90.33k
  • Mylle Mangum (70yo)

    Independent Director

    • Tenure: 20.3yrs
    • Compensation: US$89.00k
  • Al Trujillo (59yo)

    Independent Director

    • Tenure: 15.8yrs
    • Compensation: US$89.00k
  • Tom Hough (64yo)

    Independent Director

    • Tenure: 1.0yrs
    • Compensation: US$33.75k
  • Laura Dukes (44yo)

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: US$79.00k

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$377.159m
  • Shares outstanding: 19.70m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HVTNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1980
25FDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1980
HVT.ANYSE (New York Stock Exchange)Class A Common StockUSUSDMay 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/25 23:39
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.