Haverty Furniture Companies (NYSE:HVT) Rating Lowered to “Hold” at Wall Street Zen

Haverty Furniture Companies (NYSE:HVT) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded Haverty Furniture Companies from a “hold (c-)” rating to a “hold (c+)” rating in a report on Tuesday, August 18th. Two equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Haverty Furniture Companies Price Performance

HVT opened at $25.15 on Friday. The company’s 50 day simple moving average is $27.95 and its two-hundred day simple moving average is $25.15. Haverty Furniture Companies has a 1-year low of $20.10 and a 1-year high of $30.60. The firm has a market capitalization of $392.03 million, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 1.56 and a beta of 1.33.

Haverty Furniture Companies (NYSE:HVT) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.17). Haverty Furniture Companies had a net margin of 3.10% and a return on equity of 6.96%. The company had revenue of $203.15 million during the quarter, compared to analysts’ expectations of $206.87 million. During the same quarter last year, the company earned $0.28 earnings per share. On average, equities analysts anticipate that Haverty Furniture Companies will post 1.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Haverty Furniture Companies

In other news, Chairman Clarence Smith sold 20,991 shares of Haverty Furniture Companies stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $28.16, for a total transaction of $591,106.56. Following the sale, the chairman owned 71,705 shares of the company’s stock, valued at approximately $2,019,212.80. The trade was a 22.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HVT. Parallel Advisors LLC increased its position in shares of Haverty Furniture Companies by 1.3% during the 3rd quarter. Parallel Advisors LLC now owns 29,652 shares of the company’s stock worth $820,000 after purchasing an additional 380 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Haverty Furniture Companies by 84.4% in the third quarter. Farther Finance Advisors LLC now owns 1,252 shares of the company’s stock valued at $35,000 after buying an additional 573 shares during the last quarter. Hsbc Holdings PLC lifted its position in Haverty Furniture Companies by 1.6% in the first quarter. Hsbc Holdings PLC now owns 46,941 shares of the company’s stock valued at $994,000 after buying an additional 737 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Haverty Furniture Companies by 41.5% in the third quarter. State of Alaska Department of Revenue now owns 2,759 shares of the company’s stock valued at $75,000 after buying an additional 809 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Haverty Furniture Companies by 4.8% during the first quarter. Bank of America Corp DE now owns 26,230 shares of the company’s stock worth $556,000 after buying an additional 1,195 shares during the period. 80.57% of the stock is currently owned by hedge funds and other institutional investors.

Haverty Furniture Companies News Roundup

Here are the key news stories impacting Haverty Furniture Companies this week:

• Positive Sentiment: The board declared a quarterly cash dividend of $0.33 per common share and $0.31 per Class A share, payable December 9 to shareholders of record November 23. Havertys Furniture Fourth Quarter 2026 Cash Dividend
• Positive Sentiment: Sidoti projects $3.31 in earnings per share for FY2028, suggesting a substantial longer-term earnings increase versus the current-year consensus of $1.61; this is an analyst forecast, not company guidance. MarketBeat analyst estimates
• Negative Sentiment: Sidoti lowered its estimates for Q4 2026 and each quarter of 2027: Q4 EPS to $0.57 from $0.73, Q1 to $0.38 from $0.50, Q2 to $0.43 from $0.56, and Q3 to $0.75 from $0.87. These cuts signal weaker near-term earnings expectations. MarketBeat analyst estimates
• Negative Sentiment: The latest reported quarter also missed expectations: HVT posted EPS of $0.25 versus $0.42 expected, while revenue of $203.15 million came in below the $206.87 million estimate. Q3 2026 earnings call highlights

About Haverty Furniture Companies

Haverty Furniture Companies, Inc is a specialty home-furnishings retailer that sells furniture and related products for living rooms, bedrooms, dining rooms, home offices and other areas of the home. Its merchandise includes sofas, chairs, tables, beds, mattresses, case goods, rugs, lighting and home accessories, with products offered through its retail stores and website.

Founded in Atlanta in 1885 by James Joseph Haverty, the company has grown from a regional furniture business into a multi-state retailer.