What is Sidoti Csr’s Forecast for HVT FY2024 Earnings?

Haverty Furniture Companies, Inc. (NYSE:HVT) – Research analysts at Sidoti Csr lowered their FY2024 earnings per share (EPS) estimates for shares of Haverty Furniture Companies in a note issued to investors on Thursday, October 31st. Sidoti Csr analyst A. Lebiedzinski now expects that the company will earn $1.00 per share for the year, down from their previous forecast of $1.52. The consensus estimate for Haverty Furniture Companies’ current full-year earnings is $1.13 per share. Sidoti Csr also issued estimates for Haverty Furniture Companies’ Q4 2024 earnings at $0.30 EPS, Q1 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.60 EPS, Q4 2025 earnings at $0.85 EPS and FY2025 earnings at $2.33 EPS.

Separately, StockNews.com lowered shares of Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research report on Friday, October 25th.

Haverty Furniture Companies Stock Up 1.8 %

Shares of NYSE HVT opened at $22.29 on Monday. Haverty Furniture Companies has a 12 month low of $21.61 and a 12 month high of $37.05. The company has a market cap of $365.78 million, a P/E ratio of 14.02, a P/E/G ratio of 1.61 and a beta of 1.48. The business’s 50 day moving average is $25.69 and its two-hundred day moving average is $26.91.

Institutional Trading of Haverty Furniture Companies

A number of institutional investors and hedge funds have recently modified their holdings of the company. US Bancorp DE acquired a new stake in Haverty Furniture Companies during the third quarter worth $109,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Haverty Furniture Companies by 22.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,545 shares of the company’s stock valued at $140,000 after acquiring an additional 1,034 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in Haverty Furniture Companies by 79.9% in the second quarter. Harbor Capital Advisors Inc. now owns 7,772 shares of the company’s stock valued at $197,000 after acquiring an additional 3,451 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in Haverty Furniture Companies in the first quarter worth about $206,000. Finally, EMC Capital Management lifted its stake in Haverty Furniture Companies by 10.3% during the first quarter. EMC Capital Management now owns 8,064 shares of the company’s stock worth $275,000 after purchasing an additional 750 shares during the period. 80.57% of the stock is currently owned by institutional investors.

Haverty Furniture Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 26th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date was Monday, August 26th. Haverty Furniture Companies’s dividend payout ratio (DPR) is presently 80.50%.

Haverty Furniture Companies Company Profile

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 eclectic looks; and mattress product lines under the Tempur-Pedic, Serta, Sealy, and Stearns and Foster names.