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Haverty Furn Cl A SC
(NYSE:HVT.A)
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Rating:61Neutral
Price Target:
$36.00
▲(18.81% Upside)
Action:Reiterated
Date:08/04/26
Overall score reflects mixed financial performance as the primary constraint (sharp TTM revenue decline and thinner margins), balanced by strong technical trend confirmation (price above major moving averages with positive MACD) and a constructive earnings call showing improving comps, doubled EPS, and reiterated guidance. Valuation remains a notable drag due to the high P/E, partially offset by the 4.27% dividend yield.
Positive Factors
Strong cash generation
Despite weaker earnings, the company generates meaningful operating and free cash flow with strong FCF growth. Durable cash generation supports reinvestment in stores and IT, funds dividends and buybacks, and provides a buffer to service liabilities through multi-quarter cycles without relying on external financing.
Negative Factors
Steep revenue decline (TTM)
A nearly 50% TTM revenue contraction materially reduces scale and fixed-cost absorption, raising operating leverage risk. Recovering sales to prior scale may take multiple quarters; until then, earnings are more sensitive to demand shifts and execution missteps, limiting predictability.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Despite weaker earnings, the company generates meaningful operating and free cash flow with strong FCF growth. Durable cash generation supports reinvestment in stores and IT, funds dividends and buybacks, and provides a buffer to service liabilities through multi-quarter cycles without relying on external financing.
Read all positive factors
Haverty Furn Cl A SC (HVT.A) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$403.15M
Dividend Yield4.27%
Average Volume (3M)17.00
Price to Earnings (P/E)42.5
Beta (1Y)0.99
Revenue Growth6.39%
EPS Growth-1.48%
CountryUS
Employees2,392
SectorConsumer Cyclical
Sector Strength84
IndustryHome Improvement
Share Statistics
EPS (TTM)0.74
Shares Outstanding1,209,976
10 Day Avg. Volume0
30 Day Avg. Volume17
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)1.19
Price to Sales (P/S)0.48
P/FCF Ratio11.15
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.62
Revenue Forecast (FY)$797.05M
Haverty Furn Cl A SC Business Overview & Revenue Model
Company Description
Haverty Furniture Companies, Inc. operates as a specialized retailer providing residential home furnishings and accessories throughout the United States. The company offers its exclusive Havertys-branded furniture, complementing this with custom u...
How the Company Makes Money
Haverty Furniture Companies makes money primarily through retail sales of home furnishings to consumers. Its core revenue stream is merchandise sales generated in Havertys showrooms and via its selling channels, including furniture (e.g., living r...
Haverty Furn Cl A SC Earnings Call Summary
Earnings Call Date:Aug 04, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 04, 2026
Earnings Call Sentiment Positive
The call conveyed clear operational and financial momentum: double-digit written comps, doubled EPS, expanded gross margin, stronger average ticket driven by design, disciplined inventory reduction versus Q1, solid cash position, no funded debt and ongoing share repurchases. Offsetting these positives are notable cost pressures (container and diesel fuel increases), higher SG&A (driven by commissions, credit costs and delivery), modestly higher inventory versus the prior year, and some uncertainty around indirect tariff refunds. Overall, the company appears to be executing well and growing profitably, but faces manageable inflationary and logistics headwinds.Positive Updates
Top-Line Growth
Net sales of $194.9 million, up 7.7% year-over-year; comparable store sales up 8%; total written sales up 12.6% with written comps up 12.3%.
Negative Updates
Rising Fuel and Freight Cost Pressures
Expect ~25%–30% increase in container rates beginning mid-August due to higher bunker fuel; ongoing risk if diesel remains above $5/gal, increasing transportation and delivery costs and product input costs through year-end.
Read all updates
Q2-2026 Updates
Positive
Negative
Top-Line Growth
Net sales of $194.9 million, up 7.7% year-over-year; comparable store sales up 8%; total written sales up 12.6% with written comps up 12.3%.
Read all positive updates
Company Guidance
For 2026 Havertys reiterated full‑year guidance that includes tariffs in effect as of August 4 but excludes any future IEEPA tariff refunds: gross margin of about 60.5%–61.0% (management noted this reflects current estimates for product, freight and LIFO), fixed and discretionary SG&A of $307–$309 million with variable SG&A running 18.7%–18.9%, planned CapEx of approximately $34 million (≈$27.7M for new/replacement stores/remodels/expansions, $3.2M for distribution, $3.1M for IT), an anticipated effective tax rate of ~26% (excludes vesting of stock awards), a targeted end‑Q3 inventory of roughly $95 million ±5%, an expected year‑end store count of 133 (six new stores in H2), and management noted current tariff levels (Section 301 at ~10%/12.5% and Section 232 on upholstered wood furniture at 25%) while continuing to monitor potential indirect tariff refund outcomes.Haverty Furn Cl A SC Financial Statement Overview
Summary
Income Statement
41
Neutral
Balance Sheet
62
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 780.39M | 759.00M | 722.90M | 862.13M | 1.05B | 1.01B |
| Gross Profit | 475.26M | 460.50M | 439.08M | 523.09M | 604.23M | 574.63M |
| EBITDA | 48.91M | 50.66M | 47.76M | 91.31M | 136.43M | 134.84M |
| Net Income | 11.65M | 19.73M | 19.96M | 56.32M | 89.36M | 90.80M |
Balance Sheet | ||||||
| Total Assets | 656.06M | 649.05M | 648.75M | 654.13M | 649.05M | 686.29M |
| Cash, Cash Equivalents and Short-Term Investments | 104.30M | 125.33M | 120.03M | 120.64M | 123.13M | 166.15M |
| Total Debt | 230.71M | 216.42M | 218.38M | 217.75M | 221.29M | 230.35M |
| Total Liabilities | 361.98M | 341.12M | 341.19M | 345.77M | 359.65M | 430.32M |
| Stockholders Equity | 294.07M | 307.93M | 307.56M | 308.37M | 289.40M | 255.97M |
Cash Flow | ||||||
| Free Cash Flow | 39.51M | 32.97M | 26.82M | 44.09M | 22.60M | 63.15M |
| Operating Cash Flow | 60.63M | 52.64M | 58.91M | 97.20M | 51.02M | 97.24M |
| Investing Cash Flow | -20.97M | -19.56M | -31.63M | -53.06M | -28.32M | -34.00M |
| Financing Cash Flow | -42.47M | -27.52M | -28.74M | -46.29M | -65.62M | -97.15M |
Haverty Furn Cl A SC Technical Analysis
Positive
30.30
Price Trends
27.85
Positive
25.30
Positive
24.53
Positive
Market Momentum
1.39
Negative
70.31
Negative
86.40
Negative
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 30.3 is above the 20-day moving average (MA) of 30.06, above the 50-day MA of 27.85, and above the 200-day MA of 24.53, indicating a bullish trend. The MACD of 1.39 indicates Negative momentum. The RSI at 70.31 is Negative, neither overbought nor oversold. The STOCH value of 86.40 is Negative, 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 Risk Analysis
Haverty Furn Cl A SC disclosed 23 risk factors in its most recent earnings report. Haverty Furn Cl A SC reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Haverty Furn Cl A SC Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $331.00B | 23.51 | 113.30% | 2.78% | 2.23% | -4.48% | |
63 Neutral | $430.96M | 25.92 | 6.00% | 0.67% | 6.50% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $403.15M | 42.48 | 3.83% | 4.37% | 6.39% | -1.48% | |
59 Neutral | $1.05B | 15.91 | 17.23% | ― | 7.36% | 10.24% | |
56 Neutral | $164.25M | 29.99 | 3.32% | 4.10% | 1.96% | 122.75% | |
56 Neutral | $116.52B | 17.56 | -64.84% | 2.34% | 6.24% | -2.12% |
* Consumer Cyclical Sector Average
HVT.A
Haverty Furn Cl A SC
34.25
12.82
59.83%
BSET
Bassett Furniture
20.35
5.12
33.58%
HD
Home Depot
355.62
-21.87
-5.79%
LOW
Lowe's
223.35
-11.67
-4.97%
BNED
Barnes & Noble Education
12.80
4.70
58.06%
ARHS
Arhaus
9.60
-1.04
-9.73%
Haverty Furn Cl A SC Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Haverty Expands and Extends Revolving Credit Facility Commitments
Positive
Jul 2, 2026
On June 29, 2026, Haverty Furniture Companies, Inc. and Havertys Credit Services, Inc. executed a sixth amendment to their Amended and Restated Credit Agreement with Truist Bank and other lenders, which governs a senior secured asset-based revolvi...
Executive/Board ChangesShareholder Meetings
Haverty Furniture Shareholders Approve Directors and Incentive Plan
Positive
May 14, 2026
On May 11, 2026, Haverty Furniture Companies, Inc. held its Annual Meeting of Stockholders, where Class A and common shareholders voted separately for directors and together on other matters under a multi-class voting structure. Approximately 87.9...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.