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Haverty Furn Cl A SC (HVT.A)
NYSE:HVT.A
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Haverty Furn Cl A SC
(NYSE:HVT.A)
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Rating:71Outperform
Price Target:
$24.00
▲(14.34% Upside)
Haverty Furn Cl A SC's overall score reflects strong cash flow and a stable balance sheet, offset by challenges in revenue growth and profitability. The stock's valuation is reasonable, with an attractive dividend yield. The earnings call highlighted both positive sales trends and ongoing challenges, contributing to a balanced outlook.
Haverty Furn Cl A SC (HVT.A) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$347.01M
Dividend Yield5.61%
Average Volume (3M)27.00
Price to Earnings (P/E)18.9
Beta (1Y)1.16
Revenue Growth-8.93%
EPS Growth-50.32%
CountryUS
Employees2,334
SectorConsumer Cyclical
Sector Strength84
IndustryHome Improvement
Share Statistics
EPS (TTM)0.16
Shares Outstanding1,219,976
10 Day Avg. Volume49
30 Day Avg. Volume27
Financial Highlights & Ratios
PEG Ratio-0.27
Price to Book (P/B)1.18
Price to Sales (P/S)0.50
P/FCF Ratio13.56
Enterprise Value/Market Cap1.27
Enterprise Value/Revenue0.61
Enterprise Value/Gross Profit1.00
Enterprise Value/Ebitda10.17
Forecast
1Y Price Target
$24.00Price Target Upside14.34% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering0
Haverty Furn Cl A SC Business Overview & Revenue Model
Company DescriptionHaverty Furniture Companies, Inc. operates as a specialty retailer of residential furniture and accessories in the United States. The company offers furniture merchandise under the Havertys brand name. It also provides custom upholstery products and eclectic looks; and mattress product lines under the Sealy, Stearns and Foster, Tempur-Pedic, and Serta names, as well as private label Skye name. The company sells home furnishings through its retail stores, as well as through its Website. As of December 31, 2021, it operated 121 showrooms in 16 states in the Southern and Midwestern regions. Haverty Furniture Companies, Inc. was founded in 1885 and is headquartered in Atlanta, Georgia.
How the Company Makes MoneyHaverty Furniture generates revenue primarily through the sale of its furniture and home decor products. The company's revenue model is built on a combination of direct sales from its retail showrooms and online sales through its e-commerce platform. Key revenue streams include furniture sales, which make up the bulk of their income, and complementary services such as financing options for customers. Additionally, Havertys often collaborates with manufacturers and suppliers to offer exclusive product lines, which can enhance profit margins. Seasonal promotions and marketing campaigns also play a vital role in driving sales, as the company aims to attract customers during peak shopping periods.
Haverty Furn Cl A SC Earnings Call Summary
Earnings Call Date:Jul 30, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Oct 29, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mix of positive and negative aspects. While there were notable achievements such as the increase in total sales, improved web sales, and a strong cash position, the company faced challenges with decreased same-store sales, increased expenses, and tariff impacts. The sentiment is balanced.Q2-2025 Updates
Positive Updates
Increase in Written and Delivered Sales
For the first time in over two years, Haverty's reported an increase in written and delivered sales for Q2, with total sales reaching $181 million, up 1.3%.
Gross Margin Improvement
Gross profit margins increased by 0.4% to 60.8%, attributed to product selection and merchandising mix.
Web Sales Growth
Web sales grew by 8.4% for the quarter, driven by a 15.6% increase in organic traffic after strategic digital marketing initiatives.
Successful Memorial Day Sales Event
Sales during the Memorial Day period increased by over 3%, with significant improvements in all key metrics.
Strong Cash Position
The company ended the quarter with $107.4 million in cash and cash equivalents, maintaining a debt-free balance sheet.
Negative Updates
Decrease in Same-Store Sales
Comparable store sales were down 2.3% over the prior year period.
Impact of Tariffs on Special Orders
Additional tariffs on China imports led to a temporary suspension of special order capabilities, affecting the design and special order business.
Increased SG&A Expenses
Selling, general, and administrative expenses rose by 4.1%, impacting the operating margin which decreased to 2.4% from 3.6% in Q2 2024.
Decrease in Net Income
Net income for the quarter decreased to $2.7 million from $4.4 million in the comparable quarter last year.
Challenges with New Store Openings
Some store openings were delayed to 2026, and rent prices remain high, impacting expansion plans.
Company Guidance
During the Haverty's Second Quarter 2025 Earnings Conference Call, the company reported an increase in written and delivered sales for Q2 2025, marking the first such increase in over two years. Sales for Q2 rose to $181 million, up 1.3%, despite comparable store sales declining by 2.3%. The gross margin improved to 60.8% from 60.4% in the previous year. However, pretax profits decreased to $4.3 million from $6.5 million, resulting in an EPS of $0.16, down from $0.27. The company highlighted various economic challenges, including high interest rates and tariffs, but noted a 15.6% increase in organic traffic due to enhanced digital marketing strategies and a web sales growth of 8.4%. Despite a temporary suspension of special orders due to tariffs, the company remains optimistic about returning to positive same-store sales and plans to open new stores to expand its footprint.Haverty Furn Cl A SC Financial Statement Overview
Summary
Haverty Furn Cl A SC shows strong cash flow and a stable balance sheet, but faces challenges in revenue growth and profitability margins. The company's ability to maintain cash flow and reasonable leverage is commendable, but improving revenue growth and profitability is crucial for future performance.Income Statement
Haverty Furn Cl A SC demonstrates a solid gross profit margin of 61% in TTM, showcasing strong pricing power and cost management. However, the net profit margin has decreased to 3.6% in TTM from 5.5% in the previous annual period, indicating some challenges in controlling costs or declining pricing power. The company experienced a revenue decline in recent years, with a significant drop of 15% from 2022 to 2023, and a continuing decrease to 360.6 million in TTM, which raises concerns about growth prospects. EBIT and EBITDA margins have also decreased in TTM, suggesting reduced operating efficiency.75
Positive
Balance Sheet
The balance sheet remains stable with an improved equity ratio of 47.4% in TTM, indicating a strong capital structure. The debt-to-equity ratio of 0.71 is reasonable, suggesting moderate leverage. However, the return on equity has dropped to 4.3% in TTM from 6.5% in the previous year, reflecting weaker profitability. The company maintains a solid cash position, although cash reserves have slightly decreased over the year.70
Positive
Cash Flow
Cash flow generation is robust, with a free cash flow of 26.9 million in TTM, closely matching the previous annual period. The operating cash flow to net income ratio of 4.17 in TTM signifies strong cash conversion, highlighting efficient operations. Despite a drop in operating cash flow from the previous year, the company maintains healthy cash flow to support operations and investment.78
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 722.86M | 722.90M | 862.13M | 1.05B | 1.01B | 748.25M |
| Gross Profit | 441.26M | 439.08M | 523.09M | 604.23M | 574.63M | 418.99M |
| EBITDA | 43.25M | 41.47M | 85.88M | 134.85M | 134.66M | 59.91M |
| Net Income | 19.59M | 19.96M | 56.32M | 89.36M | 90.80M | 59.15M |
Balance Sheet | ||||||
| Total Assets | 642.67M | 648.75M | 654.13M | 649.05M | 686.29M | 680.37M |
| Cash, Cash Equivalents and Short-Term Investments | 113.77M | 120.03M | 120.64M | 123.13M | 166.15M | 200.06M |
| Total Debt | 217.31M | 218.38M | 217.75M | 221.29M | 230.35M | 233.67M |
| Total Liabilities | 337.80M | 341.19M | 345.77M | 359.65M | 430.32M | 427.40M |
| Stockholders Equity | 304.87M | 307.56M | 308.37M | 289.40M | 255.97M | 252.97M |
Cash Flow | ||||||
| Free Cash Flow | 26.90M | 26.82M | 44.09M | 22.60M | 63.15M | 119.26M |
| Operating Cash Flow | 54.74M | 58.91M | 97.20M | 51.02M | 97.24M | 130.19M |
| Investing Cash Flow | -27.41M | -31.63M | -53.06M | -28.32M | -34.00M | 65.36M |
| Financing Cash Flow | -29.63M | -28.74M | -46.29M | -65.62M | -97.15M | -71.18M |
Haverty Furn Cl A SC Technical Analysis
Negative
20.99
Price Trends
22.25
Negative
21.37
Negative
20.80
Positive
Market Momentum
-0.17
Positive
39.81
Neutral
20.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HVT.A, the sentiment is Negative. The current price of 20.99 is below the 20-day moving average (MA) of 22.75, below the 50-day MA of 22.25, and above the 200-day MA of 20.80, indicating a neutral trend. The MACD of -0.17 indicates Positive momentum. The RSI at 39.81 is Neutral, neither overbought nor oversold. The STOCH value of 20.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HVT.A.
Haverty Furn Cl A SC Risk Analysis
Haverty Furn Cl A SC disclosed 20 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $235.62M | 12.64 | 12.01% | 1.66% | 6.86% | 88.42% | |
71 Outperform | $347.01M | 18.92 | 6.40% | 5.61% | -8.93% | -50.32% | |
55 Neutral | $135.21M | 56.15 | 1.48% | 5.14% | -7.22% | ― | |
49 Neutral | $113.41M | -8.47 | -6.12% | 8.87% | -6.46% | -1110.82% | |
47 Neutral | $111.84M | -0.03 | 121.85% | ― | -7.15% | -1299.84% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
* Consumer Cyclical Sector Average
HVT.A
Haverty Furn Cl A SC
20.99
-4.09
-16.31%
BSET
Bassett Furniture
15.56
1.79
13.00%
HD
Home Depot
395.01
-3.89
-0.98%
LOW
Lowe's
247.33
-15.35
-5.84%
BNED
Barnes & Noble Education
9.80
0.54
5.83%
ARHS
Arhaus
10.92
0.10
0.92%
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.