Haverty Furn Cl A SC (HVT.A) AI Stock Analysis

• Market Cap: $364.71M
• Dividend Yield: 5.16%
• Average Volume (3M): 548.00
• Price to Earnings (P/E): 19.0
• Beta (1Y): 1.17
• Revenue Growth: -8.93%
• EPS Growth: -50.32%
• Country: US
• Employees: 2,334
• Sector: Consumer Cyclical
• Sector Strength: 71
• Industry: Home Improvement
• EPS (TTM): 0.16
• Shares Outstanding: 1,219,976
• 10 Day Avg. Volume: 1,489
• 30 Day Avg. Volume: 548
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.21
• Enterprise Value/Revenue: 1.22
• Enterprise Value/Gross Profit: 2.00
• Enterprise Value/Ebitda: 18.82
• 1Y Price Target: $24.00
• Price Target Upside: 7.62% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 73 Outperform
• Price Target: $24.00 ▲(7.62% Upside)

Haverty Furn Cl A SC's overall stock score is driven by its strong valuation and stable financial performance, despite challenges in revenue growth and profitability. The recent earnings call provided mixed signals, while technical indicators suggest no strong trend. Positive corporate governance events add a minor boost to the score.

Haverty Furn Cl A SC Business Overview & Revenue Model

Company Description

Haverty Furniture Companies, Inc. is a leading retailer of home furnishings in the United States, primarily operating in the furniture and home decor sectors. The company offers a wide range of products, including living room, bedroom, and dining room furniture, as well as mattresses, accessories, and home decor items. With a strong presence in the Southeastern and Midwestern regions, Havertys operates numerous showrooms that provide customers with a variety of styles and price points to suit diverse tastes and budgets.

How the Company Makes Money

Haverty Furniture generates revenue primarily through the sale of its furniture and home decor products. The company's revenue model is built on a combination of direct sales from its retail showrooms and online sales through its e-commerce platform. Key revenue streams include furniture sales, which make up the bulk of their income, and complementary services such as financing options for customers. Additionally, Havertys often collaborates with manufacturers and suppliers to offer exclusive product lines, which can enhance profit margins. Seasonal promotions and marketing campaigns also play a vital role in driving sales, as the company aims to attract customers during peak shopping periods.

Haverty Furn Cl A SC Financial Statement Overview

Summary

Haverty Furn Cl A SC shows strong cash flow and a stable balance sheet, but faces challenges in revenue growth and profitability margins. The company's ability to maintain cash flow and reasonable leverage is commendable, but improving revenue growth and profitability is crucial for future performance.

Income Statement

Haverty Furn Cl A SC demonstrates a solid gross profit margin of 61% in TTM, showcasing strong pricing power and cost management. However, the net profit margin has decreased to 3.6% in TTM from 5.5% in the previous annual period, indicating some challenges in controlling costs or declining pricing power. The company experienced a revenue decline in recent years, with a significant drop of 15% from 2022 to 2023, and a continuing decrease to 360.6 million in TTM, which raises concerns about growth prospects. EBIT and EBITDA margins have also decreased in TTM, suggesting reduced operating efficiency.

Balance Sheet

The balance sheet remains stable with an improved equity ratio of 47.4% in TTM, indicating a strong capital structure. The debt-to-equity ratio of 0.71 is reasonable, suggesting moderate leverage. However, the return on equity has dropped to 4.3% in TTM from 6.5% in the previous year, reflecting weaker profitability. The company maintains a solid cash position, although cash reserves have slightly decreased over the year.

Cash Flow

Cash flow generation is robust, with a free cash flow of 26.9 million in TTM, closely matching the previous annual period. The operating cash flow to net income ratio of 4.17 in TTM signifies strong cash conversion, highlighting efficient operations. Despite a drop in operating cash flow from the previous year, the company maintains healthy cash flow to support operations and investment.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	360.63M	722.90M	862.13M	1.05B	1.01B	748.25M
Gross Profit	220.30M	439.08M	523.09M	604.23M	574.63M	418.99M
EBITDA	23.37M	41.47M	85.88M	134.85M	134.66M	59.91M
Net Income	13.13M	19.96M	56.32M	89.36M	90.80M	59.15M
Balance Sheet
Total Assets	642.67M	648.75M	654.13M	649.05M	686.29M	680.37M
Cash, Cash Equivalents and Short-Term Investments	113.77M	120.03M	120.64M	123.13M	166.15M	200.06M
Total Debt	217.31M	218.38M	217.75M	221.29M	230.35M	233.67M
Total Liabilities	337.80M	341.19M	345.77M	359.65M	430.32M	427.40M
Stockholders Equity	304.87M	307.56M	308.37M	289.40M	255.97M	252.97M
Cash Flow
Free Cash Flow	26.90M	26.82M	44.09M	22.60M	63.15M	119.26M
Operating Cash Flow	54.74M	58.91M	97.20M	51.02M	97.24M	130.19M
Investing Cash Flow	-27.41M	-31.63M	-53.06M	-28.32M	-34.00M	65.36M
Financing Cash Flow	-29.63M	-28.74M	-46.29M	-65.62M	-97.15M	-71.18M

Haverty Furn Cl A SC Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 22.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HVT.A, the sentiment is Positive. The current price of 22.3 is above the 20-day moving average (MA) of 21.69, above the 50-day MA of 21.20, and above the 200-day MA of 20.96, indicating a bullish trend. The MACD of 0.38 indicates Negative momentum. The RSI at 56.14 is Neutral, neither overbought nor oversold. The STOCH value of 66.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HVT.A.

Haverty Furn Cl A SC Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FLXS	77 Outperform	$185.67M	13.86	9.48%	2.02%	7.24%	-9.51%
HVT.A	73 Outperform	$364.71M	18.96	6.40%	5.16%	-8.93%	-50.32%
Sector *	61 Neutral	$17.43B	12.46	-6.01%	3.11%	1.62%	-15.64%
BSET	56 Neutral	$142.94M	57.84	1.46%	4.86%	-7.22%	―
HOFT	48 Neutral	$106.76M	―	-5.55%	9.22%	-3.89%	-391.05%
QVCGA	39 Underperform	$38.62M	―		―	-7.15%	-1299.84%

Haverty Furn Cl A SC Corporate Events

Haverty Furniture Holds Successful Annual Stockholders Meeting

On May 12, 2025, Haverty Furniture Companies, Inc. conducted its Annual Meeting of Stockholders, where shareholders elected directors for both Class A common stock and common stock, approved executive compensation, and ratified Grant Thornton LLP as the independent auditor for the fiscal year ending December 31, 2025. The meeting saw a high participation rate, with over 90% of eligible shares represented, indicating strong shareholder engagement and support for the company’s governance and strategic decisions.