Haverty Furniture Companies, Inc.
- Open
- 27.39
- Day high
- 27.39
- Day low
- 26.84
- Prev close
- 27.58
- Volume
- 8K
- Mkt cap
- $424M
- P/E (TTM)
- 36.7
- EPS (TTM)
- $0.74
- P/B
- 1.4
- P/S
- 0.5
- Yield
- 4.82%
- Per share
- $1.31
- ▼Insiders net selling -$591K over the last 3 months (0 open-market buys, 1 sale)
- 🏛Institutions accumulating (13F)
Haverty Furniture Companies, Inc. (HVT) is a Consumer Cyclical company listed on NYSE. The stock is up 19% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 1 sale (SEC Form 4). Drillr has 1 published research article covering HVT.
Haverty Furniture Companies, Inc. (HVT) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
HVT earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 4, 2026 | $0.23 | $0.25 | +8.7% | $195M | +3.0% |
| May 5, 2026 | $0.26 | $0.26 | +0.0% | $189M | -1.5% |
| Feb 23, 2026 | $0.48 | $0.50 | +4.2% | $202M | +2.3% |
| Oct 29, 2025 | $0.24 | $0.28 | +16.7% | $194M | -1.5% |
| Jul 30, 2025 | $0.15 | $0.16 | +6.7% | $181M | -2.3% |
| Apr 30, 2025 | $0.14 | $0.23 | +64.3% | $182M | +2.1% |
| Oct 30, 2024 | $0.47 | $0.28 | -40.4% | $176M | -3.4% |
| Jul 31, 2024 | $0.17 | $0.27 | +58.8% | $179M | -3.2% |
| May 1, 2024 | $0.36 | $0.14 | -61.1% | $184M | -6.3% |
| Feb 21, 2024 | $0.99 | $0.90 | -9.1% | $211M | -9.5% |
| Nov 1, 2023 | $0.91 | $1.02 | +12.1% | $220M | -6.2% |
| Aug 1, 2023 | $0.84 | $0.70 | -16.7% | $206M | -17.0% |
HVT insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 19, 2026 | SMITH CLARENCE Hdirector, other: Executive Chairman | Sell | 20,991 | $28.16 |
| May 12, 2026 | Hare Richard Bofficer: EVP, CFO | Option | 1,188 | — |
| May 12, 2026 | Gill John Linwoodofficer: EVP, Merchandising | Option | 896 | — |
| May 12, 2026 | SMITH CLARENCE Hdirector, other: Executive Chairman | Option | 2,648 | — |
| May 12, 2026 | SMITH CLARENCE Hdirector, other: Executive Chairman | Option | 2,795 | — |
| May 12, 2026 | Hare Richard Bofficer: EVP, CFO | Option | 1,936 | — |
| May 12, 2026 | SMITH CLARENCE Hdirector, other: Executive Chairman | Tax | 3,312 | $22.20 |
| May 12, 2026 | SMITH CLARENCE Hdirector, other: Executive Chairman | Option | 1,180 | — |
| May 12, 2026 | Gill John Linwoodofficer: EVP, Merchandising | Tax | 1,441 | $22.20 |
| May 12, 2026 | BURDETTE STEVEN Gdirector, officer: President and CEO | Tax | 2,664 | $22.20 |
| May 12, 2026 | BURDETTE STEVEN Gdirector, officer: President and CEO | Option | 3,178 | — |
| May 12, 2026 | HOUGH G. THOMASdirector | Grant | 10,278 | — |
| May 12, 2026 | BURDETTE STEVEN Gdirector, officer: President and CEO | Option | 1,415 | — |
| May 12, 2026 | Schiller Derek Gordondirector | Grant | 5,363 | — |
| May 12, 2026 | Gill John Linwoodofficer: EVP, Merchandising | Option | 961 | — |
Source: HVT SEC Form 4 filings, latest Aug 19, 2026. For informational purposes only — not investment advice.
See the full HVT insider & 13F page →Haverty Furniture Companies, Inc. company profile
Overview
Haverty Furniture Companies, Inc. (NYSE:HVT) is a specialty retailer of residential furniture and accessories that has been serving American homes since 1885. Founded in Atlanta, Georgia, where it remains headquartered today, the company has evolved from a single furniture store into a regional chain operating 121 showrooms across 16 states in the Southern and Midwestern United States. The company went public in 1980 and has established itself as a prominent player in the home furnishing retail sector, focusing on middle to upper-middle class consumers seeking quality furniture and personalized design services.
Business
Haverty Furniture operates in the residential furniture retail industry, which involves selling home furnishing products directly to consumers through physical showrooms and online channels. The company's core business revolves around providing complete home furnishing solutions, from individual furniture pieces to comprehensive room designs. The company operates through several key product categories that together form a comprehensive home furnishing offering: 1. **Upholstery Products** (approximately 42.5% of sales): This segment includes sofas, sectionals, chairs, recliners, and other fabric-covered furniture. A significant portion of this category consists of special-order and custom upholstery products, allowing customers to select specific fabrics, colors, and configurations to match their preferences. 2. **Case Goods** (approximately 35.5% of sales): This category encompasses wooden furniture pieces such as dining room sets, bedroom furniture, entertainment centers, home office furniture, and storage solutions. These are typically more standardized products compared to upholstery items. 3. **Mattresses** (approximately 8.1% of sales): Haverty's partners with major mattress manufacturers including Sealy, Stearns and Foster, Tempur-Pedic, and Serta, while also offering private-label mattresses under the Skye brand name. 4. **Accessories and Other Items** (approximately 13.8% of sales): This segment includes decorative items, lighting, rugs, artwork, and other home décor products that complement the furniture offerings. A crucial differentiator for Haverty's is its **design services business**, which has grown to represent approximately 33-35% of total sales. This service involves professional interior designers who work with customers to create complete room designs, select coordinating pieces, and provide personalized decorating advice. The design business generates significantly higher average transaction values, with designer-assisted sales averaging over $7,000 compared to the overall company average of around $3,300.
Revenue model
Haverty Furniture generates revenue primarily through direct retail sales of furniture and home accessories to consumers. The company operates on a traditional retail model where it purchases inventory from manufacturers and suppliers, then sells these products at marked-up prices through its showroom network and website. The business model includes several revenue-generating components: **Primary Revenue Streams:** 1. **Product Sales**: The bulk of revenue comes from selling furniture, mattresses, and accessories with gross margins typically ranging between 60-62%. The company maintains pricing discipline and focuses on value-based pricing rather than competing solely on price. 2. **Design Services**: While not separately charged, the design consultation service drives higher-value transactions and increases customer attachment rates, contributing to higher average tickets and margins. 3. **Delivery and Installation Services**: The company provides delivery and setup services, which generate additional revenue while enhancing customer experience. **Customer Base**: Haverty's primarily targets middle to upper-middle class consumers, typically homeowners with household incomes above the national median. The customer base includes both move-up buyers seeking quality furniture and design-conscious consumers willing to pay premium prices for personalized service. **Margin Drivers and Pressures**: Several factors influence the company's profitability. **Positive margin factors** include the company's focus on higher-end customers who are less price-sensitive, the growing design services business which commands premium pricing, efficient inventory management, and strong vendor relationships that provide favorable purchasing terms. The company's debt-free balance sheet also eliminates interest expenses. **Margin pressures** include general inflation affecting both product costs and operational expenses, transportation and freight costs, competitive pricing pressure in the furniture retail market, and economic factors that reduce consumer discretionary spending. The company faces particular sensitivity to housing market conditions, as furniture purchases often correlate with home buying and moving activity. Additionally, tariffs on imported goods (approximately 15% of purchases come from China) can impact cost structures, though the company actively manages this through supplier diversification.
Competitive moat
Haverty Furniture's competitive moat is **moderate but narrowing** in the current retail environment. The company's primary defensive characteristics stem from its regional market presence, established customer relationships, and service-oriented approach, but these advantages face increasing pressure from both traditional and digital competitors. **Existing Moat Elements**: The company benefits from its long-established presence in Southern and Midwestern markets, where it has built brand recognition and customer loyalty over decades. Its **design services capability** represents a meaningful differentiator, as this high-touch, personalized service is difficult for pure-play online retailers to replicate effectively. The company's showroom network provides customers the ability to physically experience furniture before purchase, which remains important for high-consideration purchases like home furnishings. Additionally, Haverty's maintains strong supplier relationships and has developed efficient logistics and delivery capabilities within its geographic footprint. **Competitive Threats and Moat Erosion**: The furniture retail industry faces significant disruption from multiple directions. **E-commerce competitors** like Wayfair, Overstock, and Amazon have gained market share by offering broader selection, competitive pricing, and convenient delivery options. Traditional big-box retailers such as IKEA, Ashley Furniture, and Rooms To Go compete on price and scale advantages. The company also faces pressure from **direct-to-consumer furniture brands** that bypass traditional retail entirely, offering modern designs at competitive prices with streamlined operations. **Moat Sustainability Assessment**: Haverty's moat is **moderately defensible but under pressure**. While the design services and showroom experience provide some protection, the company operates in a highly competitive, low-barrier-to-entry industry where consumer preferences are shifting toward online shopping and value-oriented purchasing. The company's regional focus, while providing some local market advantages, also limits its ability to achieve the scale economies of national competitors. The furniture retail industry's inherently cyclical nature and sensitivity to economic conditions further constrains the durability of any competitive advantages.
Risks & safety
**Overall Assessment**: Haverty Furniture presents a **moderate margin of safety** with strong balance sheet metrics but concerning operational trends and valuation considerations. **Financial Strength Indicators**: - **Cash Position**: $118-120 million in cash and short-term investments with zero funded debt, providing substantial financial flexibility - **Current Ratio**: 1.81x indicating solid short-term liquidity - **Debt-to-Equity**: 0.71x, but this represents operating liabilities rather than funded debt - **Free Cash Flow**: Positive but declining, ranging from $27,000 (Q1 2025) to $26.8 million (FY 2024) **Valuation Metrics**: - **P/E Ratio**: 20.5x (Q1 2025) appears elevated given declining earnings trajectory - **EV/EBITDA**: 10.5x (Q1 2025) versus historical lows of 4.1x in 2022 - **Price-to-Book**: 1.02x suggests reasonable asset valuation - **Graham Number**: $10.23 significantly below current price of $20.20 **Risk Factors**: - **Revenue Decline**: Persistent comparable store sales declines of 4.8% to 20.5% across recent quarters - **Margin Pressure**: Operating margins compressed to 2.9% (Q1 2025) from much higher historical levels - **Cyclical Headwinds**: Housing market at 30-year lows creating sustained demand challenges - **Competitive Environment**: Increasing pressure from online and big-box competitors
Recent development
Over the past several years, Haverty Furniture has implemented significant strategic initiatives to adapt to changing market conditions and consumer preferences, though these efforts have occurred against a backdrop of challenging industry fundamentals. **Store Expansion and Market Development**: The company has maintained an aggressive expansion strategy, opening 6 new stores in 2024 and planning to continue opening 5-6 stores annually. This expansion has focused particularly on high-growth markets like Florida and Texas, with special emphasis on developing the Houston market where the company aims to operate 5-6 stores by 2026. The expansion strategy has included acquiring former Bed Bath & Beyond locations, providing opportunities to enter markets at attractive lease terms. **Digital and Technology Investments**: Recognizing the importance of omnichannel retail, Haverty's has made substantial investments in its digital capabilities. The company enhanced its website with Adobe technology, introduced augmented reality features, and improved personalization and user experience. In early 2024, the company changed its media buying partner to Carmichael Lynch and refined its digital marketing strategy, shifting toward more broadcast television and refined search approaches. **Design Services Growth**: The company has significantly expanded its design services business, which has grown from approximately 29% of total business in 2022 to 33-35% currently. This high-margin service generates average tickets exceeding $7,000 compared to the company average of $3,300, representing a strategic shift toward higher-value, differentiated offerings that are more difficult for online competitors to replicate. **Operational Efficiency Initiatives**: Facing revenue pressures, the company has implemented cost management measures including workforce reductions from 3,500 to 2,500 employees and inventory optimization strategies. The company reduced inventory levels by 11-20% in 2024 while maintaining service levels through improved vendor lead times and supply chain efficiency. **Supply Chain Diversification**: In response to tariff uncertainties, particularly regarding Chinese imports which represent approximately 15% of purchases, the company has worked with suppliers to diversify sourcing to countries including Cambodia, Vietnam, and Mexico. This proactive approach aims to mitigate potential cost impacts from trade policy changes.
HVT company profile · for informational purposes only — not investment advice.
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