Haverty Furniture Companies (NYSE:HVT) Cut to “Buy” at Wall Street Zen

Haverty Furniture Companies (NYSE:HVT) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

HVT has been the topic of several other reports. Zacks Research cut Haverty Furniture Companies from a “hold” rating to a “strong sell” rating in a report on Monday, December 29th. Weiss Ratings restated a “hold (c)” rating on shares of Haverty Furniture Companies in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Haverty Furniture Companies Price Performance

Shares of Haverty Furniture Companies stock opened at $26.35 on Friday. The company has a market cap of $428.55 million, a PE ratio of 23.11, a price-to-earnings-growth ratio of 1.05 and a beta of 1.28. The firm has a fifty day moving average price of $24.10 and a two-hundred day moving average price of $22.63. Haverty Furniture Companies has a fifty-two week low of $17.01 and a fifty-two week high of $26.93.

Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. Haverty Furniture Companies had a net margin of 2.62% and a return on equity of 6.34%. The business had revenue of $194.48 million during the quarter, compared to analyst estimates of $183.12 million. Analysts expect that Haverty Furniture Companies will post 0.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Haverty Furniture Companies news, Director Rawson Haverty, Jr. sold 7,500 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $24.86, for a total transaction of $186,450.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 14,354 shares of company stock valued at $345,898 in the last quarter. Corporate insiders own 8.63% of the company’s stock.

Hedge Funds Weigh In On Haverty Furniture Companies

Institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Haverty Furniture Companies in the second quarter valued at about $31,000. State of Wyoming bought a new position in shares of Haverty Furniture Companies in the second quarter valued at approximately $58,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Haverty Furniture Companies by 7.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,898 shares of the company’s stock valued at $175,000 after acquiring an additional 651 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Haverty Furniture Companies by 146.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 9,201 shares of the company’s stock worth $187,000 after acquiring an additional 5,465 shares in the last quarter. Finally, Truist Financial Corp bought a new stake in Haverty Furniture Companies during the 2nd quarter worth approximately $204,000. 80.57% of the stock is owned by institutional investors.

More Haverty Furniture Companies News

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

• Positive Sentiment: Sidoti nudged up its Q4 2027 EPS forecast to $1.07 from $1.06, a tiny lift to the longer-term outlook that could be viewed as a slight positive for HVT’s multi-year earnings trajectory. MarketBeat HVT
• Negative Sentiment: Sidoti cut several near-term and full-year forecasts — including Q2 2026 to $0.47 (from $0.51), Q3 2026 to $0.67 (from $0.71), Q4 2026 to $0.85 (from $0.87), Q4 2025 to $0.48 (from $0.50), FY2025 to $1.15 (from $1.17) and FY2026 to $2.38 (from $2.48). The largest hit is the FY2026 reduction, and the cluster of downward tweaks signals a modestly weaker near-term profit outlook that likely pressured the share price. MarketBeat HVT
• Negative Sentiment: Sidoti also trimmed Q2 2027 slightly to $0.63 (from $0.64), another small near-term cut reinforcing the theme of marginally weaker expected quarterly results. MarketBeat HVT

Haverty Furniture Companies Company Profile

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and home décor in the United States. Founded in 1885 by J.J. Haverty and headquartered in Atlanta, Georgia, the company offers a broad assortment of upholstered furniture, case goods, mattresses, area rugs and decorative accessories. Customers can shop through a network of company-owned showrooms as well as an e-commerce platform, supported by in-house design services, delivery options and consumer financing programs.

Over more than a century of operation, Havertys has expanded its presence primarily across the Southeast and select markets beyond.