Haverty Furniture Companies

Haverty Furniture Cos., Inc. operates as a specialty retailer of residential furniture and accessories. It provides a selection of products and styles and various brands carried furniture. The firm offers the bedding product lines, which include sealy, serta, stearns, foster and tempur pedic. It also provides financing through an internal revolving charge credit plan, as well as a third party finance company. The company was founded by James Joseph Haverty in 1885 and is headquartered in Atlanta, GA.

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Haverty Furniture Companies (HVT) achieves record sales amidst market challenges

Haverty Furniture Companies (HVT) delivered a strong performance in Q4 2022, achieving record sales and earnings growth. The company's focus on customer engagement and strategic expansion initiatives bode well for future success.
While facing challenges such as lower store traffic and written orders, Haverty's resilience and adaptability position it to navigate market headwinds effectively. By capitalizing on opportunities in new markets and product categories, Haverty aims to drive continued growth and profitability.
With a prudent approach to managing resources and investing in innovation, Haverty is poised to overcome challenges, capitalize on growth opportunities, and maintain its competitive edge in the furniture retail industry.

Haverty Furniture Q1 2023: Sales Decline Amid Strategic Growth Initiatives

Haverty Furniture Companies faced challenges with a decline in sales and workforce reductions but capitalized on strengths like new collections and supply chain improvements.
The company is focused on growth opportunities through store expansions, customer experience enhancements, and operational efficiencies.
Financial performance showed a mixed picture with lower sales but improved gross profit margins, indicating efforts to navigate the current retail landscape.
Guidance on key financial metrics for 2023 provides a roadmap for managing costs and driving profitability in the coming quarters.

Haverty Furniture Q2 earnings decline, plans store expansions and refurbishments

Haverty Furniture Companies faced challenges from consumer spending shifts and inflation but showed strength in average sales and gross profit margins in Q2 2023.
The company's financial performance reflected a decline in net income, yet it maintained a strong cash position and announced plans for store expansions and refurbishments.
Opportunities for revenue growth and market share expansion exist through new store openings, strategic acquisitions, and improvements in consumer demand trends.
Efforts to manage costs, enhance operational efficiency, and invest in growth initiatives will be crucial for Haverty Furniture to navigate industry challenges and capitalize on opportunities.

Haverty Furniture reports lower Q3 sales but strengthens cost management

Haverty Furniture Companies faced a decline in net sales and net income in Q3 2023.
Despite challenges, the company demonstrated strengths in cost management and liquidity.
Opportunities lie in planned investments for growth and operational efficiency enhancements.
Strategic decisions will be crucial in navigating profitability and market dynamics ahead.

Haverty Furniture reports sales decline but maintains profitability and growth

Haverty Furniture Companies faced sales decline but maintained profitability through improved margins and cost management.
The company's strategic acquisitions and expansion plans offer growth potential in the retail sector.
Financial stability with no funded debt and a strong cash position provide a solid foundation for future operations.
Challenges lie in navigating market uncertainties, managing operational changes, and adapting to consumer preferences.

Haverty Furniture Q1 2024: Sales Decline Offset by Profitability and Growth Plans

Haverty Furniture Companies faced sales decline in Q1 2024 but maintained profitability through strong gross margins and prudent financial management.
While challenges exist in sales and net income decreases, the company's solid financial position, inventory management, and dividend growth demonstrate resilience.
Strategic store expansion, marketing initiatives, and margin maintenance efforts position Haverty's to capitalize on growth opportunities and navigate market challenges effectively.

Haverty Furniture reports Q3 challenges but eyes strategic growth opportunities

Haverty Furniture Companies faced challenges in Q3 2024 due to a decline in sales and earnings per share, impacted by cautious consumer behavior and external factors.
However, the company demonstrated strengths in strategic expansion plans, growth in higher-end segments, and maintaining a strong financial position.
By addressing consumer sentiment, leveraging growth opportunities in design and special order businesses, and focusing on operational efficiencies, Haverty Furniture can navigate challenges and drive future success.

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Haverty Furniture Cos., Inc. engages in the retail of residential furniture and accessories. Its products are Tempur-Pedic, Serta, Stearns and Foster, Beautyrest, and Sealy. The company was founded by James Joseph Haverty in 1885 and is headquartered in Atlanta, GA.

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At this stage, it will be prudent to invest in retail stocks with a favorable Zacks Rank. These are Nautilus(NLS), Tapestry (TPR), Brinker (EAT), MarineMax (HZO) and Haverty (HVT).

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HVT has prospered recently on account of macro and industry-related tailwinds, although there are signs of some metrics hitting a top. Q4 should be another good quarter for HVT but there is limited visibility beyond that.

Haverty- The Macro, The Micro, Valuation, And Price Action

Haverty Furniture Companies Inc. said Friday it will pay a special cash dividend of $2.00 a share. The stock was down 1.9% in afternoon trading, but was down 2.9% prior to a trading halt for news.

Haverty Furniture to pay special dividend of $2 a share

ATLANTA, Nov. 06, 2020 (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) announced today, that its board of directors authorized a special cash dividend to be paid on the outstanding shares of the two classes of $1 par value common stock of the company at a rate of $2.00 per share on the common stock and $1.90 per share on the Class A common stock. The board also approved an increase in the quarterly cash dividend to $0.22 per share on the common stock and $0.20 per share on the Class A common stock. The special cash dividend and regular quarterly dividend will be paid together on December 9, 2020 to stockholders of record at the close of business on November 23, 2020. Havertys has paid a cash dividend in each year since 1935.

Havertys Announces Special Cash Dividend and Increase in Quarterly Dividend

Does Haverty Furniture (HVT) have what it takes to be a top stock pick for momentum investors? Let's find out.

Here's Why Momentum Investors Will Love Haverty Furniture (HVT)

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Haverty Furniture Companies, Inc. (HVT) CEO Clarence Smith on Q3 2020 Results - Earnings Call Transcript

Haverty Furniture (HVT) delivered earnings and revenue surprises of 61.67% and 0.01%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Haverty Furniture (HVT) Q3 Earnings and Revenues Top Estimates

ATLANTA, Oct. 28, 2020 (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) reported today its operating results for the 2020 third quarter ended September 30, 2020.

Havertys Reports Earnings for Third Quarter 2020

ATLANTA, Oct. 21, 2020 (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) will release third quarter 2020 financial results on Wednesday, October 28, 2020, after the market closes. The company will host a conference call with investors and analysts on Thursday, October 29, 2020 at 10:00 a.m. (ET) to discuss the results of its operations.

Havertys Announces Timing of Third Quarter 2020 Earnings Release and Investor Conference Call

ATLANTA, Oct. 07, 2020 (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) today reported sales for the third quarter ended September 30, 2020.

Havertys Reports Sales for Third Quarter

ATLANTA, Sept.  15, 2020  (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) announced today that its board of directors elected Derek G. Schiller to the company’s board.

Havertys Elects New Independent Director

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Haverty Furniture Companies, Inc. (HVT) CEO Clarence Smith on Q2 2020 Results - Earnings Call Transcript

Haverty Furniture (HVT) delivered earnings and revenue surprises of -4.00% and -0.03%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Haverty Furniture (HVT) Reports Q2 Loss, Lags Revenue Estimates

ATLANTA, Aug.  10, 2020  (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) reported today its operating results for the 2020 second quarter ended June 30, 2020.

Havertys Reports Earnings for Second Quarter 2020, Third Quarter Cash Dividend and Resumption of Stock Repurchase Program

ATLANTA, July  31, 2020  (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) will release second quarter 2020 financial results on Monday, August 10, 2020, after the market closes.  The company will host a conference call with investors and analysts on Tuesday, August 11, 2020 at 10:00 a.m. (ET) to discuss the results of its operations.

Havertys Announces Timing of Second Quarter 2020 Earnings Release and Investor Conference Call

ATLANTA, July  08, 2020  (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) today reported sales for the quarter ended June 30, 2020.

Havertys Reports Sales for Second Quarter

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Haverty Furniture (HVT) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Is Haverty Furniture (HVT) Stock a Solid Choice Right Now?

As of late, it has definitely been a great time to be an investor of Haverty Furniture Companies

Will Haverty Furniture Continue to Surge Higher?

Haverty Furniture Companies, Inc. (HVT) CEO Clarence Smith on Q1 2020 Results - Earnings Call Transcript

Haverty Furniture (HVT) delivered earnings and revenue surprises of 120.45% and 27.80%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Haverty Furniture (HVT) Beats Q1 Earnings and Revenue Estimates

ATLANTA, May  20, 2020  (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT and HVT.A) reports earnings per share for the first quarter ended March 31, 2020 of $0.09 compared to $0.17 for the same period of 2019.

News for Haverty Furniture Companies Stock (HVT)