Haverty (HVT)
NYSE:HVT
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Haverty
(NYSE:HVT)
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Rating:51Neutral
Price Target:
$22.50
▼(-6.83% Downside)
Action:Reiterated
Date:05/09/26
The score is held back primarily by sharply weakened profitability and an earnings-based valuation that appears extremely stretched (very high P/E). Financials are partly supported by strong gross margins, manageable leverage, and positive cash flow, while technical signals are largely neutral with slightly negative momentum. The latest earnings call was generally constructive (growth initiatives, strong liquidity, buybacks/dividend) but flagged meaningful tariff/LIFO and demand/traffic uncertainties.
Positive Factors
High Gross Margin
Sustained ~60% gross margins indicate structural merchandising strength and pricing power in core categories. High gross margins provide a durable cushion to absorb SG&A or freight headwinds, supporting operating cash flow and the company's ability to invest in stores and digital over the next several quarters.
Negative Factors
Weak Net Profitability
Sharp erosion of net margins to near-zero reflects operating cost pressure and lost profitability leverage. Persistent low net income constrains retained earnings, reduces ROE, and makes earnings volatile versus peers, limiting sustainable cash returns over coming quarters absent margin recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
High Gross Margin
Sustained ~60% gross margins indicate structural merchandising strength and pricing power in core categories. High gross margins provide a durable cushion to absorb SG&A or freight headwinds, supporting operating cash flow and the company's ability to invest in stores and digital over the next several quarters.
Read all positive factors
Haverty (HVT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$369.92M
Dividend Yield5.44%
Average Volume (3M)115.86K
Price to Earnings (P/E)39.8
Beta (1Y)0.92
Revenue Growth6.39%
EPS Growth-1.48%
CountryUS
Employees2,334
SectorConsumer Cyclical
Sector Strength84
IndustryHome Improvement
Share Statistics
EPS (TTM)0.05
Shares Outstanding14,885,377
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 Cap1.29
Enterprise Value/Revenue0.62
Enterprise Value/Gross Profit1.03
Enterprise Value/Ebitda9.73
Forecast
1Y Price Target
$26.00Price Target Upside7.66% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)1.8
Revenue Forecast (FY)$809.49M
Haverty Business Overview & Revenue Model
Company Description
Haverty Furniture Companies, Inc. (HVT) is a leading retailer of residential furniture and accessories in the United States. Established in 1885, the company operates through a network of showrooms primarily located in the Southeastern and Midwest...
How the Company Makes Money
Haverty makes money primarily by selling home furnishings and related products to consumers through its retail stores and associated selling channels. Its core revenue stream is merchandise sales—furniture (across major home categories), mattresse...
Haverty Earnings Call Summary
Earnings Call Date:Feb 24, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 04, 2026
Earnings Call Sentiment Positive
The call presented a generally constructive operational and financial picture: solid top-line growth (Q4 and full-year), notable gains in average ticket, design penetration and e-commerce, a strong cash position and no funded debt, plus planned store expansion and shareholder returns. Key challenges include gross margin pressure driven by LIFO/tariff-related costs, elevated inventories from pre-buying against tariffs, some traffic softness late in the quarter and ongoing tariff/policy uncertainty. Management has baked tariff expectations into guidance, expects margins to normalize ex-LIFO, and provided clear capital and SG&A guidance for 2026.Positive Updates
Quarterly and Annual Sales Growth
Q4 net sales were $201.9M, up 9.5% year-over-year; comparable store sales (comps) increased 8.2% in Q4. Full-year 2025 net sales were $759.0M, up 5.0% with comps up 2.1%.
Negative Updates
Reported Gross Margin Compression Due to LIFO
GAAP gross margin in Q4 declined 150 basis points to 60.4% from 61.9%, driven largely by a $3.9M LIFO charge in the quarter (FY LIFO charges totaled $4.6M).
Read all updates
Q4-2025 Updates
Positive
Negative
Quarterly and Annual Sales Growth
Q4 net sales were $201.9M, up 9.5% year-over-year; comparable store sales (comps) increased 8.2% in Q4. Full-year 2025 net sales were $759.0M, up 5.0% with comps up 2.1%.
Read all positive updates
Company Guidance
Haverty’s 2026 guidance calls for gross margins of 60.5%–61.0% (incorporating current estimates for product freight and LIFO), fixed/discretionary SG&A of $307–$309 million (vs. roughly $298M in 2025, ~+$10M largely from occupancy for store growth and modest inflation), variable SG&A of 18.6%–18.8% of sales, planned CapEx of $33.5 million (≈$27.2M for new/replacement stores/remodels, $3.2M distribution, $3.1M IT), an anticipated effective tax rate of ~26% (excludes stock award vesting or new tax legislation), and guidance that reflects the impact of recent tariff actions (current Section 122 tariff ~10% in effect for 150 days through July 24, with LIFO and freight impacts expected); the company plans five new stores and four remodels in 2026 and approved an additional $15M share buyback authorization (adding to ~ $18.3M existing).Haverty Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
58
Neutral
Cash Flow
50
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 766.48M | 759.00M | 722.90M | 862.13M | 1.05B | 1.01B |
| Gross Profit | 465.63M | 460.50M | 439.08M | 523.09M | 604.23M | 574.63M |
| EBITDA | 49.17M | 50.66M | 41.47M | 85.88M | 134.85M | 134.66M |
| Net Income | 9.03M | 19.73M | 19.96M | 56.32M | 89.36M | 90.80M |
Balance Sheet | ||||||
| Total Assets | 647.34M | 649.05M | 648.75M | 654.13M | 649.05M | 686.29M |
| Cash, Cash Equivalents and Short-Term Investments | 114.06M | 131.87M | 120.03M | 120.64M | 123.13M | 166.15M |
| Total Debt | 219.24M | 216.42M | 218.38M | 217.75M | 221.29M | 230.35M |
| Total Liabilities | 340.73M | 341.12M | 341.19M | 345.77M | 359.65M | 430.32M |
| Stockholders Equity | 306.61M | 307.93M | 307.56M | 308.37M | 289.40M | 255.97M |
Cash Flow | ||||||
| Free Cash Flow | 23.09M | 32.97M | 26.82M | 44.09M | 22.60M | 63.15M |
| Operating Cash Flow | 43.59M | 52.64M | 58.91M | 97.20M | 51.02M | 97.24M |
| Investing Cash Flow | -20.37M | -19.56M | -31.63M | -53.06M | -28.32M | -34.00M |
| Financing Cash Flow | -27.44M | -27.52M | -28.74M | -46.29M | -65.62M | -97.15M |
Haverty Technical Analysis
Positive
24.15
Price Trends
21.64
Positive
22.90
Negative
22.35
Positive
Market Momentum
0.38
Negative
59.36
Neutral
61.29
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 24.15 is above the 20-day moving average (MA) of 21.63, above the 50-day MA of 21.64, and above the 200-day MA of 22.35, indicating a bullish trend. The MACD of 0.38 indicates Negative momentum. The RSI at 59.36 is Neutral, neither overbought nor oversold. The STOCH value of 61.29 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | $132.72M | -4.85 | -14.75% | 7.20% | -23.22% | -111.83% | |
57 Neutral | $477.70M | 12.75 | 5.49% | 3.12% | -4.40% | -43.68% | |
55 Neutral | $36.97M | -0.13 | 65.64% | ― | -7.46% | -511.09% | |
53 Neutral | $133.45M | -7.38 | -9.82% | ― | -9.81% | 64.57% | |
51 Neutral | $369.92M | 39.82 | 2.95% | 5.44% | 6.39% | -1.48% | |
48 Neutral | $126.60M | 23.70 | 3.24% | 4.59% | 2.44% | ― |
* Consumer Cyclical Sector Average
HVT
Haverty
22.84
4.18
22.42%
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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.