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General information

Country: UNITED STATES

Sector: Home Improvement Retail

Haverty 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 mattress product lines under the Sealy, Tempur-Pedic, Serta, Stearns & Foster, Beautyrest Black, and Scott Living 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 April 01, 2020, it operated 120 showrooms in 16 states in the Southern and Midwestern regions. Haverty Furniture Companies, Inc. was founded in 1885 and is headquartered in Atlanta, Georgia.
Website: havertys.com



Growth: Pretty weak revenue growth rate 5.4%, there is slowdown compared to average historical growth rates 14.1%. The revenue growth dynamics is unstable Site traffic for the last 3 months showed a change of +7.5%

Profitability: LTM EBITDA margin is positive, +11.9%. On average the margin is decreasing unsteadily. Gross margin is high, +57.1%. In the last quarter the company did not beat the estimated EPS, -5.1%. The company was ahead of estimated EPS in 80% of quarters (showing a gain of +$0.29 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 7.0%. Free cash flow yield -36.4% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 35.4% higher than minimum and 39.5% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 2.7x by EV / Sales multiple , the company can be >100% undervalued

Insiders: For the last 3 months insiders sold company shares on $0.2 mln (-0.039% of cap.)

Key Financials (Download financials)

Ticker: HVT
Share price, USD:  (-1.4%)31.39
year average price 31.31  


year start price 30.14 2023-04-28

min close price 25.41 2023-05-10

max close price 36.57 2024-02-15

current price 31.39 2024-04-26
Common stocks: 16 729 400

Dividend Yield:  7.0%
FCF Yield LTM: -36.4%
EV / LTM EBITDA: 5.0x
EV / EBITDA annualized: 6.3x
Last revenue growth (y/y):  5.4%
Last growth of EBITDA (y/y):  -30.6%
Historical revenue growth:  14.1%
Historical growth of EBITDA:  46.1%
EV / Sales: 0.6x
Margin (EBITDA LTM / Revenue): 11.9%
Fundamental value created in LTM:
Market Cap ($m): 525
Net Debt ($m): 94
EV (Enterprise Value): 619
Price to Book: 1.7x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2024-04-24Accesswire

Havertys to Host First Quarter 2024 Earnings Conference Call on May 2, 2024

2024-04-09MarketBeat

2 Furniture Stock Stocks to Sit on for Interest Rate Cuts

2024-04-09MarketBeat

3 High Short Interest Stocks Ready to Squeeze

2024-03-12Zacks Investment Research

Bear of the Day: Havertys (HVT)

2024-02-21Zacks Investment Research

Haverty Furniture (HVT) Misses Q4 Earnings and Revenue Estimates

2024-02-21Seeking Alpha

2 Popular Dividend Stocks That Could Cut The Cheese

2024-02-15Accesswire

Havertys to Host Fourth Quarter and Year End 2023 Earnings Conference Call on February 22, 2024

2024-02-13Zacks Investment Research

Earnings Preview: Haverty Furniture (HVT) Q4 Earnings Expected to Decline

2024-01-12Accesswire

Havertys Announces Participation in Water Tower Research Furniture/Furnishings Virtual Conference

2023-11-03Seeking Alpha

Haverty Furniture Companies, Inc. (HVT) Q3 2023 Earnings Call Transcript
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol HVT HVT HVT HVT HVT HVT
reportedCurrency USD USD USD USD USD USD
cik 216 085 216 085 216 085 216 085 216 085 216 085
fillingDate 2024-03-07 2023-11-03 2023-08-07 2023-05-05 2023-03-08 2022-11-04
acceptedDate 2024-03-07 12:36:03 2023-11-03 15:06:20 2023-08-07 12:13:21 2023-05-05 12:56:36 2023-03-08 11:51:53 2022-11-04 12:00:30
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
revenue 211M 220M 206M 225M 281M 274M
costOfRevenue 79M 86M 81M 92M 121M 118M
grossProfit 131M 134M 125M 133M 160M 157M
grossProfitRatio 0.624 0.608 0.605 0.591 0.570 0.571
researchAndDevelopmentExpenses 0 0 0 0 0 0
generalAndAdministrativeExpenses 71M 0 0 0 228M 0
sellingAndMarketingExpenses 43M 0 0 0 -99M 0
sellingGeneralAndAdministrativeExpenses 115M 113M 110M 118M 128M 125M
otherExpenses -13 000 -55 000 -14 000 4000.000 131 000 0
operatingExpenses 115M 113M 110M 118M 128M 125M
costAndExpenses 194M 199M 191M 210M 249M 242M
interestIncome 2M 2M 973 000 1M 920 000 481 000
interestExpense 0 0 0 -1M 919 000 0
depreciationAndAmortization 5M 5M 5M 4M 4M 4M
ebitda 21M 21M 20M 19M 36M 37M
ebitdaratio 0.102 0.097 0.095 0.084 0.127 0.134
operatingIncome 17M 21M 15M 14M 31M 32M
operatingIncomeRatio 0.079 0.097 0.072 0.064 0.112 0.117
totalOtherIncomeExpensesNet 2M 2M -14 000 1M 1M 423 000
incomeBeforeTax 19M 23M 16M 15M 33M 33M
incomeBeforeTaxRatio 0.088 0.104 0.077 0.069 0.116 0.119
incomeTaxExpense 4M 6M 4M 3M 9M 8M
netIncome 15M 17M 12M 12M 24M 25M
netIncomeRatio 0.071 0.078 0.057 0.055 0.085 0.089
eps 0.930 1.140 0.730 0.770 1.480 1.500
epsdiluted 0.900 1.020 0.700 0.740 1.420 1.340
weightedAverageShsOut 16M 15M 17M 16M 16M 16M
weightedAverageShsOutDil 17M 17M 17M 17M 17M 18M
link Link Link Link Link Link Link
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Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol HVT HVT HVT HVT HVT HVT
reportedCurrency USD USD USD USD USD USD
cik 216 085 216 085 216 085 216 085 216 085 216 085
fillingDate 2024-03-07 2023-11-03 2023-08-07 2023-05-05 2023-03-08 2022-11-04
acceptedDate 2024-03-07 12:36:03 2023-11-03 15:06:20 2023-08-07 12:13:21 2023-05-05 12:56:36 2023-03-08 11:51:53 2022-11-04 12:00:30
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
cashAndCashEquivalents 128M 134M 109M 120M 123M 137M
shortTermInvestments 0 0 0 0 0 0
cashAndShortTermInvestments 128M 134M 109M 120M 123M 137M
netReceivables 1.000 20M 19M 18M 17M 0
inventory 95M 102M 115M 114M 118M 137M
otherCurrentAssets 28M 14M 15M 20M 18M 36M
totalCurrentAssets 251M 271M 257M 272M 276M 310M
propertyPlantEquipmentNet 374M 376M 369M 347M 345M 353M
goodwill 0 0 0 0 0 0
intangibleAssets 0 0 0 0 0 0
goodwillAndIntangibleAssets 0 0 0 0 0 0
longTermInvestments 0 0 0 0 0 0
taxAssets 77M 18M 17M 16M 16M 18M
otherNonCurrentAssets 14M 12M 13M 13M 12M 12M
totalNonCurrentAssets 465M 406M 399M 376M 373M 383M
otherAssets 0 0 0 0 0 0
totalAssets 715M 677M 656M 648M 649M 693M
accountPayables 19M 21M 20M 16M 23M 25M
shortTermDebt 37M 38M 37M 36M 34M 35M
taxPayables 11M 0 0 0 9M 0
deferredRevenue 36M 46M 46M 46M 48M 80M
otherCurrentLiabilities 46M 46M 42M 40M 49M 53M
totalCurrentLiabilities 138M 151M 144M 139M 154M 193M
longTermDebt 180M 182M 179M 186M 187M 197M
deferredRevenueNonCurrent 0 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 61M 0 0 0 0 0
otherNonCurrentLiabilities 27M 27M 27M 28M 18M 20M
totalNonCurrentLiabilities 269M 209M 206M 213M 205M 217M
otherLiabilities 0 0 0 0 0 0
capitalLeaseObligations 180M 221M 216M 222M 221M 232M
totalLiabilities 407M 360M 351M 352M 360M 409M
preferredStock 0 0 0 0 0 0
commonStock 32M 30M 32M 30M 32M 30M
retainedEarnings 419M 425M 413M 406M 398M 395M
accumulatedOtherComprehensiveIncomeLoss -983 000 -756 000 -756 000 -756 000 -756 000 -2M
othertotalStockholdersEquity -142M -138M -139M -139M -140M 284M
totalStockholdersEquity 308M 316M 306M 296M 289M 284M
totalEquity 308M 316M 306M 296M 289M 284M
totalLiabilitiesAndStockholdersEquity 715M 677M 656M 648M 649M 693M
minorityInterest 0 0 0 0 0 0
totalLiabilitiesAndTotalEquity 715M 677M 656M 648M 649M 693M
totalInvestments 0 0 0 0 0 0
totalDebt 218M 221M 216M 222M 221M 232M
netDebt 90M 86M 106M 102M 98M 94M
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Cash Flow Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol HVT HVT HVT HVT HVT HVT
reportedCurrency USD USD USD USD USD USD
cik 216 085 216 085 216 085 216 085 216 085 216 085
fillingDate 2024-03-07 2023-11-03 2023-08-07 2023-05-05 2023-03-08 2022-11-04
acceptedDate 2024-03-07 12:36:03 2023-11-03 15:06:20 2023-08-07 12:13:21 2023-05-05 12:56:36 2023-03-08 11:51:53 2022-11-04 12:00:30
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
netIncome 15M 17M 12M 12M 24M 25M
depreciationAndAmortization 5M 5M 5M 4M 4M 4M
deferredIncomeTax -1M 0 0 0 584 000 0
stockBasedCompensation 2M 2M 2M 2M 1M 2M
changeInWorkingCapital -5M 17M 10M -7M -18M -19M
accountsReceivables 0 -5M -5M 0 0 0
inventory 8M 12M -468 000 4M 19M -3M
accountsPayables -1M 5M 5M -15M -6M 0
otherWorkingCapital -12M 4M 10M 4M -31M 0
otherNonCashItems 3M -1M 584 000 -840 000 1M 0
netCashProvidedByOperatingActivities 18M 39M 29M 11M 13M 12M
investmentsInPropertyPlantAndEquipment -7M -6M -34M -7M -6M 0
acquisitionsNet 0 30 000 10000.000 0 0 0
purchasesOfInvestments 0 0 0 0 0 0
salesMaturitiesOfInvestments 0 0 0 0 0 0
otherInvestingActivites 0 30 000 0 13 000 20 000 -9M
netCashUsedForInvestingActivites -7M -6M -34M -7M -6M -9M
debtRepayment 0 0 0 0 0 0
commonStockIssued 0 0 0 0 0 0
commonStockRepurchased -4M -3M -4M 0 0 -5M
dividendsPaid -21M -5M -5M -5M -21M -5M
otherFinancingActivites -77 000 1000.000 3M -3M 0 -1000.000
netCashUsedProvidedByFinancingActivities -25M -8M -6M -7M -21M -10M
effectOfForexChangesOnCash 0 -25M 0 0 0 0
netChangeInCash -14M 25M -11M -3M -14M -6M
cashAtEndOfPeriod 128M 141M 116M 127M 130M 144M
cashAtBeginningOfPeriod 141M 116M 127M 130M 144M 150M
operatingCashFlow 18M 39M 29M 11M 13M 12M
capitalExpenditure -7M -6M -34M -7M -6M -9M
freeCashFlow 11M 33M -5M 4M 7M 3M
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finalLink Link Link Link Link Link Link

Earning call transcript

2023 q4
2024-02-22 ET (fiscal 2023 q4)
2023 q3
2023-11-03 ET (fiscal 2023 q3)
2023 q2
2023-08-02 ET (fiscal 2023 q2)
2023 q1
2023-05-03 ET (fiscal 2023 q1)
2022 q4
2023-02-22 ET (fiscal 2022 q4)
2022 q3
2022-11-02 ET (fiscal 2022 q3)
2022 q2
2022-08-03 ET (fiscal 2022 q2)
2022 q1
2022-05-03 ET (fiscal 2022 q1)

Press-releases

Show financial reports only

2024-02-21 21:11 ET
Havertys Reports Operating Results For Fourth Quarter 2023
2024-02-15 21:11 ET
Havertys to Host Fourth Quarter and Year End 2023 Earnings Conference Call on February 22, 2024
2024-01-12 21:11 ET
Havertys Announces Participation in Water Tower Research Furniture/Furnishings Virtual Conference
2023-12-19 18:02 ET
HAVERTYS PARTNERS WITH ATLANTA ANIMAL SHELTER TO GIVE PUPS FUREVER HOMES
2023-11-10 21:11 ET
Havertys Announces Special Cash Dividend and Quarterly Cash Dividend
2023-11-01 20:11 ET
Havertys Reports Operating Results for Third Quarter 2023
2023-10-25 20:11 ET
Havertys To Host Third Quarter 2023 Earnings Conference Call on November 2, 2023
2023-08-11 20:11 ET
Havertys Announces Third Quarter Cash Dividend
2023-08-01 20:11 ET
Havertys Reports Operating Results for Second Quarter 2023
2023-07-25 20:11 ET
Havertys to Host Second Quarter 2023 Earnings Conference Call on August 2, 2023
2023-05-19 22:40 ET
Havertys Announces Increase in Quarterly Dividend
2023-05-04 14:00 ET
HAVERTYS SAYS 'THANK YOU' FOR 25 YEARS IN THE GREATER D.C. AREA WITH NEW ART COLLECTION FOR LOCALS
2023-05-02 20:11 ET
Havertys Reports Operating Results for First Quarter 2023
2023-04-25 20:11 ET
Havertys to Host First Quarter 2023 Earnings Conference Call on May 3, 2023
2023-03-27 20:11 ET
Havertys Announces Officer Changes
2023-02-24 20:16 ET
Havertys Announces First Quarter Cash Dividend
2023-02-21 21:11 ET
Havertys Reports Record Operating Results for Fourth Quarter and Year End 2022
2023-02-14 21:11 ET
Havertys to Host Fourth Quarter and Year End 2022 Earnings Conference Call on February 22
2022-12-02 01:00 ET
Havertys Announces Participation in Sidoti Virtual Investor Conference on December 7
2022-11-11 20:35 ET
Havertys Announces Special Cash Dividend and Quarterly Cash Dividend
2022-11-10 23:11 ET
Havertys Elects Michael R. Cote to Board of Directors
2022-11-08 00:30 ET
Havertys Announces Participation in SHARE Series Event on November 14
2022-11-01 20:11 ET
Havertys Reports Operating Results For Third Quarter 2022
2022-10-25 20:20 ET
Havertys To Host Third Quarter 2022 Earnings Conference Call on November 2
2022-09-02 20:11 ET
Havertys Announces Participation in Piper Sandler Growth Frontiers Conference
2022-08-25 13:00 ET
HAVERTYS COMMEMORATES OVER 125 YEARS OF SERVING TEXAS WITH EXCLUSIVE ART COLLECTION
2022-08-05 20:12 ET
Havertys Announces Third Quarter Cash Dividend and Additional Authorization Under Stock Repurchase Program
2022-08-02 20:11 ET
Havertys Reports Operating Results for Second Quarter 2022
2022-07-27 23:12 ET
Havertys to Host Second Quarter 2022 Earnings Conference Call on August 3
2022-05-17 20:11 ET
Havertys Announces Increase in Quarterly Dividend
2022-05-02 20:11 ET
Havertys Reports Operating Results for First Quarter 2022
2022-04-26 20:11 ET
Havertys To Host First Quarter 2022 Earnings Conference Call on May 3, 2022
2022-02-25 00:11 ET
Havertys Announces First Quarter Cash Dividend
2022-02-15 21:19 ET
Havertys Reports Record Operating Results for Fourth Quarter and Year End 2021
2022-02-08 22:11 ET
Havertys To Host Fourth Quarter and Year End 2021 Earnings Conference Call on February 16
2021-11-05 20:11 ET
Havertys Announces Special Cash Dividend, Quarterly Cash Dividend, and Additional Authorization Under Stock Repurchase Program
2021-10-28 21:10 ET
Havertys Reports Third Quarter 2021 Results
2021-10-22 20:11 ET
Havertys To Host Third Quarter 2021 Earnings Conference Call on October 29
2021-09-20 22:18 ET
Havertys Updates Third Quarter Sales Performance
2021-08-06 20:11 ET
Havertys Announces Third Quarter Cash Dividend and New Authorization Under Stock Repurchase Program
2021-07-27 21:11 ET
Havertys Reports Second Quarter 2021 Results
2021-07-21 23:11 ET
Havertys To Host Second Quarter 2021 Earnings Conference Call on July 28
2021-06-28 20:55 ET
Havertys to Present at Shareholder Equity Conference
2021-05-14 20:20 ET
Havertys Announces Increase in Quarterly Dividend
2021-04-27 20:40 ET
Havertys Reports First Quarter 2021 Results
2021-04-20 22:20 ET
Havertys Announces Timing of First Quarter 2021 Financial Results and Investor Conference Call
2021-02-23 22:05 ET
Havertys Announces Key Leadership Promotions and Quarterly Dividend
2021-02-17 21:11 ET
Havertys Reports Fourth Quarter and Full Year 2020 Results
2021-02-11 00:11 ET
Havertys Announces Timing of Fourth Quarter and Full-Year 2020 Earnings Release and Investor Conference Call
2020-11-06 19:16 ET
Havertys Announces Special Cash Dividend and Increase in Quarterly Dividend
2020-10-28 20:21 ET
Havertys Reports Earnings for Third Quarter 2020
2020-10-21 23:11 ET
Havertys Announces Timing of Third Quarter 2020 Earnings Release and Investor Conference Call
2020-10-07 10:11 ET
Havertys Reports Sales for Third Quarter
2020-09-15 23:35 ET
Havertys Elects New Independent Director
2020-08-10 20:11 ET
Havertys Reports Earnings for Second Quarter 2020, Third Quarter Cash Dividend and Resumption of Stock Repurchase Program
2020-07-31 20:11 ET
Havertys Announces Timing of Second Quarter 2020 Earnings Release and Investor Conference Call
2020-07-08 20:25 ET
Havertys Reports Sales for Second Quarter
2020-05-20 21:20 ET
Havertys Reports Earnings for First Quarter 2020, Declares Second Quarter Cash Dividend, and Completion of $70 Million Sale-Leaseback Transaction
2020-05-13 22:11 ET
Havertys Announces Timing of First Quarter 2020 Earnings Release and Investor Conference Call
2020-04-27 17:15 ET
Havertys Announces Store Reopenings and Workforce Rightsizing
2020-04-01 16:34 ET
Havertys Provides COVID-19 Update and Extends Store Closures
2020-03-17 13:13 ET
Havertys Provides COVID-19 Update
2020-02-26 21:11 ET
Havertys Announces First Quarter Cash Dividend and New Authorization Under Stock Repurchase Program
2020-02-18 21:11 ET
Havertys Announces Fourth Quarter and Full Year 2019
2020-02-11 21:11 ET
Havertys Announces Timing of Fourth Quarter and Full-Year 2019 Earnings Release and Investor Conference Call
2020-01-09 21:11 ET
Havertys to Enter Myrtle Beach, SC and Expand in Dallas/Ft. Worth, TX Markets
2019-11-20 14:06 ET
roOomy Partners with Havertys to Build Enterprise Interior Design Tools and Grow 3D Modeling Business
2019-11-08 21:11 ET
Havertys Announces Fourth Quarter Cash Dividend and Promotion

SEC forms

Show financial reports only

SEC form 8
2024-02-21 18:30 ET
Haverty Furniture Companies published news for 2023 q4
SEC form 8
2024-02-21 18:30 ET
Haverty Furniture Companies reported for 2023 q4
SEC form 8
2023-11-01 16:20 ET
Haverty Furniture Companies reported for 2023 q3
SEC form 6
2023-08-01 16:26 ET
Haverty Furniture Companies reported for 2023 q2