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Haverty
(NYSE:HVT)
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Rating:59Neutral
Price Target:
$27.00
▲(8.39% Upside)
Action:Reiterated
Date:08/04/26
The score is held back primarily by weakening financial performance (notably revenue and net margin deterioration in TTM) and a high P/E valuation. Offsetting these are moderately positive technical momentum (price above key moving averages with neutral RSI) and a constructive earnings-call outlook featuring sales/comps strength, stable gross-margin guidance, and a strong liquidity position, though cost and tariff-related pressures remain meaningful risks.
Positive Factors
Consistently High Gross Margin
A sustained ~60% gross margin is a durable structural advantage in retail furniture: it provides a sizable buffer against cost inflation, supports higher incremental profitability on rising average tickets, and enables the company to invest in services, marketing and omnichannel capabilities without immediate margin erosion.
Negative Factors
Severe TTM Revenue Contraction
A nearly 50% TTM revenue decline is a significant structural risk: it reduces scale economics, weakens bargaining power with vendors, and magnifies fixed-cost burden. Persistently lower sales would erode operating leverage and make margin recovery and stable returns more difficult over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistently High Gross Margin
A sustained ~60% gross margin is a durable structural advantage in retail furniture: it provides a sizable buffer against cost inflation, supports higher incremental profitability on rising average tickets, and enables the company to invest in services, marketing and omnichannel capabilities without immediate margin erosion.
Read all positive factors
Haverty (HVT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$446.29M
Dividend Yield4.54%
Average Volume (3M)115.86K
Price to Earnings (P/E)39.0
Beta (1Y)1.08
Revenue Growth7.96%
EPS Growth20.24%
CountryUS
Employees2,392
SectorConsumer Cyclical
Sector Strength84
IndustryHome Improvement
Share Statistics
EPS (TTM)0.74
Shares Outstanding14,383,650
10 Day Avg. Volume129,989
30 Day Avg. Volume115,861
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 Business Overview & Revenue Model
Company Description
Haverty Furniture Companies, Inc. (HVT) is a specialty retailer distributing residential furniture and home accessories across the U.S. The company's core offering features furniture under its exclusive Havertys brand, complemented by custom uphol...
How the Company Makes Money
Haverty primarily makes money by retailing home furnishings to consumers. Its core revenue stream is product sales—furniture, mattresses, and home décor/accessories—sold through company-operated showrooms and online ordering/omnichannel fulfillmen...
Haverty 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 was largely positive: the company reported strong top- and bottom-line momentum with EPS doubling, net sales up 7.7%, comps up 8%, gross margin expansion, sequential inventory improvement, healthy cash, no funded debt, ongoing buybacks, and clear progress in design-led, higher-average-ticket sales. Offsetting risks include rising fuel and transportation costs, higher third‑party credit and SG&A pressures, LIFO and tariff uncertainties, and inventories that are higher year-over-year. Management provided guidance that assumes current tariffs and excludes potential future indirect tariff refunds and remains optimistic about H2 execution (store openings, continued design growth, and inventory positioning).Positive Updates
Earnings Per Share Doubled
EPS increased to $0.32 from $0.16 year-over-year, a 100% increase, driven by higher sales, margin expansion and $2.1M of IEEPA tariff refunds recognized in the quarter.
Negative Updates
Rising Transportation and Fuel Cost Pressures
Management identified three fuel-related cost pressures: container rates rising ~25%–30% due to bunker fuel increases beginning mid-August; potential continued increases in delivery/transportation fuel costs if diesel remains above $5/gallon; and higher product input costs tied to fuel—all of which could pressure margins for the remainder of the year.
Read all updates
Q2-2026 Updates
Positive
Negative
Earnings Per Share Doubled
EPS increased to $0.32 from $0.16 year-over-year, a 100% increase, driven by higher sales, margin expansion and $2.1M of IEEPA tariff refunds recognized in the quarter.
Read all positive updates
Company Guidance
On guidance, management reaffirmed full‑year gross margin of about 60.5%–61% (excluding any future IEEPA tariff refunds) and noted 2026 results reflect tariffs in effect as of Aug 4 (Section 301 at 10%/12.5%; Section 232 on upholstered wood at 25%); they expect fixed and discretionary SG&A of $307–$309 million with variable SG&A at 18.7%–18.9%, an effective tax rate of ~26% (excl. stock‑award vesting), and planned CapEx of ≈$34 million (≈$27.7M stores, $3.2M distribution, $3.1M IT). They expect Q3 inventories near $95M ±5%, year‑end store count of 133, no funded debt, $104.3M cash, $100M revolver capacity, and noted cost pressures from product/freight/LIFO plus mid‑August container rate increases of ~25%–30%.Haverty Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
63
Positive
Cash Flow
58
Neutral
| 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 Technical Analysis
Positive
24.91
Price Trends
25.36
Positive
23.50
Positive
23.43
Positive
Market Momentum
1.07
Negative
67.51
Neutral
75.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HVT, the sentiment is Positive. The current price of 24.91 is below the 20-day moving average (MA) of 26.70, below the 50-day MA of 25.36, and above the 200-day MA of 23.43, indicating a bullish trend. The MACD of 1.07 indicates Negative momentum. The RSI at 67.51 is Neutral, neither overbought nor oversold. The STOCH value of 75.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HVT.
Haverty Risk Analysis
Haverty disclosed 23 risk factors in its most recent earnings report. Haverty 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 Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $160.05M | -6.85 | -13.04% | 4.18% | -25.67% | -96.05% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $150.87M | -12.28 | -6.80% | ― | -8.42% | 79.65% | |
59 Neutral | $446.29M | 39.03 | 3.83% | 5.26% | 7.96% | 20.24% | |
56 Neutral | $170.91M | 31.03 | 3.32% | 4.10% | 1.96% | 122.75% | |
43 Neutral | $12.35M | -0.03 | 65.64% | ― | -5.68% | -196.96% |
* Consumer Cyclical Sector Average
HVT
Haverty
28.88
7.48
34.93%
BSET
Bassett Furniture
19.63
3.82
24.14%
HOFT
Hooker Furniture
14.72
5.32
56.66%
DLTH
Duluth Holdings
3.97
1.76
79.64%
LESL
Leslie's
0.77
-6.25
-89.05%
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.