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Haverty Furniture Companies

NYSE:HVT
Snowflake Description

Flawless balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HVT
NYSE
$190M
Market Cap
  1. Home
  2. US
  3. Retail
Company description

Haverty Furniture Companies, Inc. operates as a specialty retailer of residential furniture and accessories in the United States. The last earnings update was 30 days ago. More info.


Add to Portfolio Compare Print
  • Haverty Furniture Companies has significant price volatility in the past 3 months.
HVT Share Price and Events
7 Day Returns
-19.2%
NYSE:HVT
-7.4%
US Specialty Retail
-2%
US Market
1 Year Returns
-58.4%
NYSE:HVT
-32.1%
US Specialty Retail
-15.1%
US Market
HVT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Haverty Furniture Companies (HVT) -19.2% -42.8% -48.5% -58.4% -58.3% -56%
US Specialty Retail -7.4% -31.2% -36.3% -32.1% -11.1% -14.3%
US Market -2% -19.7% -23.2% -15.1% 3.7% 14.4%
1 Year Return vs Industry and Market
  • HVT underperformed the Specialty Retail industry which returned -32.1% over the past year.
  • HVT underperformed the Market in United States of America which returned -15.1% over the past year.
Price Volatility
HVT
Industry
5yr Volatility vs Market

Value

 Is Haverty Furniture Companies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Haverty Furniture Companies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Haverty Furniture Companies.

NYSE:HVT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in USD $ .800000
Payout Ratio Company Filings (2019-12-31) 5405.5%
Discount Rate (Cost of Equity) See below 7%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:HVT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.738 (1 + (1- 21%) (94.44%))
0.971
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.971 * 5.44%)
7.02%

Discounted Cash Flow Calculation for NYSE:HVT using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Haverty Furniture Companies is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

NYSE:HVT Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $0.8 / (7.02% - 1.74%)
$15.14
NYSE:HVT Discount to Share Price
Calculation Result
Value per share (USD) From above. $15.14
Current discount Discount to share price of $9.99
= -1 x ($9.99 - $15.14) / $15.14
34%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Haverty Furniture Companies is available for.
Intrinsic value
34%
Share price is $9.99 vs Future cash flow value of $15.14
Current Discount Checks
For Haverty Furniture Companies to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Haverty Furniture Companies's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Haverty Furniture Companies's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Haverty Furniture Companies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Haverty Furniture Companies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:HVT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.09
NYSE:HVT Share Price ** NYSE (2020-04-03) in USD $9.99
United States of America Specialty Retail Industry PE Ratio Median Figure of 66 Publicly-Listed Specialty Retail Companies 6.51x
United States of America Market PE Ratio Median Figure of 2,947 Publicly-Listed Companies 12.4x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Haverty Furniture Companies.

NYSE:HVT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:HVT Share Price ÷ EPS (both in USD)

= 9.99 ÷ 1.09

9.12x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Haverty Furniture Companies is overvalued based on earnings compared to the US Specialty Retail industry average.
  • Haverty Furniture Companies is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Haverty Furniture Companies's expected growth come at a high price?
Raw Data
NYSE:HVT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-54.6%per year
United States of America Specialty Retail Industry PEG Ratio Median Figure of 56 Publicly-Listed Specialty Retail Companies 0.56x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.89x

*Line of best fit is calculated by linear regression .

NYSE:HVT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.12x ÷ -54.6%

-0.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Haverty Furniture Companies earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Haverty Furniture Companies's assets?
Raw Data
NYSE:HVT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $13.63
NYSE:HVT Share Price * NYSE (2020-04-03) in USD $9.99
United States of America Specialty Retail Industry PB Ratio Median Figure of 98 Publicly-Listed Specialty Retail Companies 0.69x
United States of America Market PB Ratio Median Figure of 5,144 Publicly-Listed Companies 1.2x
NYSE:HVT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:HVT Share Price ÷ Book Value per Share (both in USD)

= 9.99 ÷ 13.63

0.73x

* Primary Listing of Haverty Furniture Companies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Haverty Furniture Companies is overvalued based on assets compared to the US Specialty Retail industry average.
X
Value checks
We assess Haverty Furniture Companies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Specialty Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Specialty Retail industry average (and greater than 0)? (1 check)
  5. Haverty Furniture Companies has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Haverty Furniture Companies expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-54.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Haverty Furniture Companies expected to grow at an attractive rate?
  • Haverty Furniture Companies's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Haverty Furniture Companies's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Haverty Furniture Companies's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:HVT Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:HVT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -54.6%
NYSE:HVT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -3.9%
United States of America Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 6.6%
United States of America Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:HVT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:HVT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 745 32 10 2
2020-12-31 680 14 -2 2
2020-04-04
NYSE:HVT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 802 63 22
2019-09-30 798 66 25
2019-06-30 799 56 27
2019-03-31 806 69 28
2018-12-31 818 70 30
2018-09-30 824 66 24
2018-06-30 821 61 21
2018-03-31 819 54 21
2017-12-31 820 52 21
2017-09-30 826 62 29
2017-06-30 830 70 30
2017-03-31 828 71 30

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Haverty Furniture Companies's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Haverty Furniture Companies's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:HVT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Haverty Furniture Companies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:HVT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.50 0.79 0.20 2.00
2020-12-31 -0.12 0.01 -0.25 2.00
2020-04-04
NYSE:HVT Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.09
2019-09-30 1.24
2019-06-30 1.33
2019-03-31 1.33
2018-12-31 1.45
2018-09-30 1.13
2018-06-30 1.01
2018-03-31 1.01
2017-12-31 0.99
2017-09-30 1.38
2017-06-30 1.44
2017-03-31 1.40

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Haverty Furniture Companies is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Haverty Furniture Companies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Haverty Furniture Companies has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Haverty Furniture Companies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Haverty Furniture Companies's growth in the last year to its industry (Specialty Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Haverty Furniture Companies's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Haverty Furniture Companies's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Haverty Furniture Companies's 1-year earnings growth is negative, it can't be compared to the US Specialty Retail industry average.
Earnings and Revenue History
Haverty Furniture Companies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Haverty Furniture Companies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:HVT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 802.37 21.87 405.04
2019-09-30 797.51 25.19 400.74
2019-06-30 798.74 27.45 399.76
2019-03-31 805.63 27.62 402.73
2018-12-31 817.84 30.31 404.86
2018-09-30 823.84 23.80 406.52
2018-06-30 820.96 21.43 405.43
2018-03-31 819.03 21.40 403.51
2017-12-31 820.03 21.08 402.88
2017-09-30 825.68 29.10 403.74
2017-06-30 829.74 30.48 403.38
2017-03-31 827.70 29.67 403.26
2016-12-31 821.80 28.36 399.24
2016-09-30 817.11 26.59 395.84
2016-06-30 815.36 26.88 392.82
2016-03-31 808.33 26.34 388.85
2015-12-31 805.16 27.79 384.80
2015-09-30 802.27 8.42 380.91
2015-06-30 790.89 8.58 375.76
2015-03-31 778.29 8.58 369.28
2014-12-31 768.71 8.59 364.65
2014-09-30 751.88 28.46 357.97
2014-06-30 746.06 30.13 352.68
2014-03-31 742.05 30.13 349.61
2013-12-31 746.41 32.27 348.60
2013-09-30 732.55 29.36 344.24
2013-06-30 712.50 23.18 341.04

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Haverty Furniture Companies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Haverty Furniture Companies used its assets less efficiently than the US Specialty Retail industry average last year based on Return on Assets.
  • Haverty Furniture Companies's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Haverty Furniture Companies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Specialty Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Haverty Furniture Companies has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Haverty Furniture Companies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Haverty Furniture Companies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Haverty Furniture Companies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Haverty Furniture Companies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Haverty Furniture Companies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Haverty Furniture Companies has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Haverty Furniture Companies Company Filings, last reported 3 months ago.

NYSE:HVT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 260.50 0.00 75.74
2019-09-30 268.72 0.00 89.53
2019-06-30 267.26 0.00 56.09
2019-03-31 281.93 0.00 72.95
2018-12-31 274.63 0.00 71.54
2018-09-30 292.42 0.00 96.27
2018-06-30 291.78 0.00 74.64
2018-03-31 294.52 0.00 72.09
2017-12-31 294.14 0.00 79.49
2017-09-30 293.97 0.00 86.90
2017-06-30 290.29 0.00 65.86
2017-03-31 286.47 0.00 61.50
2016-12-31 281.87 0.00 63.48
2016-09-30 293.64 0.00 76.32
2016-06-30 287.94 0.00 49.78
2016-03-31 305.04 0.00 66.47
2015-12-31 301.74 0.00 83.38
2015-09-30 293.61 0.00 80.04
2015-06-30 299.22 0.00 73.20
2015-03-31 297.46 0.00 80.40
2014-12-31 292.08 0.00 72.73
2014-09-30 290.03 0.00 78.66
2014-06-30 305.92 0.00 87.84
2014-03-31 303.61 0.00 84.51
2013-12-31 298.26 0.00 83.19
2013-09-30 280.92 0.00 72.08
2013-06-30 272.09 0.00 52.26
  • Haverty Furniture Companies has no debt.
  • Haverty Furniture Companies has not taken on any debt in the past 5 years.
  • Haverty Furniture Companies has no debt, it does not need to be covered by operating cash flow.
  • Haverty Furniture Companies has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Haverty Furniture Companies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Haverty Furniture Companies has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Haverty Furniture Companies's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8.01%
Current annual income from Haverty Furniture Companies dividends.
If you bought $2,000 of Haverty Furniture Companies shares you are expected to receive $160 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Haverty Furniture Companies's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (2.05%).
  • Haverty Furniture Companies's dividend is above the markets top 25% of dividend payers in United States of America (5.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:HVT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1938 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2.1%
United States of America Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:HVT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2020-04-04
NYSE:HVT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-26 0.800 5.852
2019-11-08 0.800 4.031
2019-08-09 0.800 4.041
2019-05-17 0.720 4.107
2019-02-26 0.720 3.236
2018-11-16 0.720 3.561
2018-08-07 0.720 3.349
2018-05-08 0.720 3.444
2018-02-27 0.720 3.734
2017-11-07 0.600 2.621
2017-08-08 0.600 2.451
2017-05-09 0.480 2.016
2017-02-23 0.480 2.023
2016-11-08 0.480 2.122
2016-08-10 0.480 2.472
2016-05-10 0.400 2.169
2016-02-23 0.400 2.034
2015-11-10 0.400 1.938
2015-08-11 0.400 1.718
2015-08-03 0.320 1.439
2015-07-29 0.320 1.431
2015-02-17 0.320 1.417
2014-11-11 0.320 1.409
2014-11-03 0.320 1.450
2014-10-29 0.320 1.456
2014-08-06 0.320 1.424
2014-07-30 0.320 1.394
2014-02-18 0.320 1.231
2013-11-12 0.320 1.117
2013-08-13 0.320 1.279
2013-05-14 0.160 0.641
2013-02-19 0.160 0.770
2012-08-14 0.160 1.052
2012-05-17 0.160 1.384
2010-08-05 0.000 0.000
2010-08-04 0.000 0.000
2010-05-06 0.000 0.000
2010-05-05 0.000 0.000
2009-11-11 0.000 0.000
2009-11-05 0.000 0.000
2009-11-04 0.000 0.000
2009-08-06 0.000 0.000
2009-08-05 0.000 0.000
2009-05-07 0.000 0.000
2009-05-06 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Haverty Furniture Companies has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Haverty Furniture Companies only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Haverty Furniture Companies's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Haverty Furniture Companies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Haverty Furniture Companies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Haverty Furniture Companies has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Haverty Furniture Companies's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Clarence Smith
COMPENSATION $1,731,699
AGE 68
TENURE AS CEO 18.3 years
CEO Bio

Mr. Clarence H. Smith has been an Independent Director at Oxford Industries Inc. since November 4, 2003. Mr. Smith serves as a Trustee of Marist School. Mr. Smith has been the Chief Executive Officer and President of Haverty Furniture Companies Inc. since May 2002. Mr. Smith served as the Chief Operating Officer of Haverty Furniture Companies Inc. from May 2000 to January 2003 and served as its Senior Vice President and General Manager of Stores from 1996 to 2000. He has been the Chairman of Haverty Furniture Companies Inc. since August 2012 and has been its Director since 1989. Mr. Smith has over 20 years of senior management experience at Haverty Furniture Companies, Inc., an Atlanta-based, publicly traded company with over 120 stores in 16 states in the Southern and Midwest regions of the United States.

CEO Compensation
  • Clarence's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Clarence's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Haverty Furniture Companies management team in years:

8.4
Average Tenure
57
Average Age
  • The average tenure for the Haverty Furniture Companies management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Clarence Smith

TITLE
Chairman
COMPENSATION
$2M
AGE
68
TENURE
18.3 yrs

Richard Hare

TITLE
Executive VP & CFO
COMPENSATION
$951K
AGE
52
TENURE
2.9 yrs

Steve Burdette

TITLE
Executive Vice President of Operations
COMPENSATION
$824K
AGE
57
TENURE
2.4 yrs

Ed Clary

TITLE
Executive VP & Chief Information Officer
COMPENSATION
$785K
AGE
58
TENURE
20.3 yrs

J. Haverty

TITLE
Senior VP of Real Estate and Development & Director
COMPENSATION
$633K
AGE
62
TENURE
22.3 yrs

Janet Taylor

TITLE
Senior VP & General Counsel
AGE
57
TENURE
13.9 yrs

Helen Bautista

TITLE
Vice President of Marketing
AGE
52
TENURE
0.7 yrs

Kelly Fladger

TITLE
Senior VP & Chief HR Officer
AGE
49
TENURE
0.9 yrs

John Gill

TITLE
Executive Vice President of Merchandising
AGE
55
TENURE
1.8 yrs

Jenny Parker

TITLE
Senior VP of Finance & Corporate Secretary
AGE
60
TENURE
23.3 yrs
Board of Directors Tenure

Average tenure and age of the Haverty Furniture Companies board of directors in years:

12.1
Average Tenure
64.5
Average Age
  • The average tenure for the Haverty Furniture Companies board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

J. Haverty

TITLE
Senior VP of Real Estate and Development & Director
COMPENSATION
$633K
AGE
62
TENURE
28.3 yrs

John Glover

TITLE
Lead Director
COMPENSATION
$90K
AGE
72
TENURE
3.3 yrs

Clarence Smith

TITLE
Chairman
COMPENSATION
$2M
AGE
68
TENURE
7.7 yrs

Mylle Mangum

TITLE
Independent Director
COMPENSATION
$89K
AGE
70
TENURE
20.9 yrs

Al Trujillo

TITLE
Independent Director
COMPENSATION
$89K
AGE
59
TENURE
16.5 yrs

Vicki Palmer

TITLE
Independent Director
COMPENSATION
$79K
AGE
65
TENURE
18.4 yrs

Laura Dukes

TITLE
Independent Director
COMPENSATION
$79K
AGE
44
TENURE
3.9 yrs

Tom Hough

TITLE
Independent Director
COMPENSATION
$34K
AGE
64
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Haverty Furniture Companies individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
20. Mar 20 Buy Clarence Smith Individual 20. Mar 20 20. Mar 20 2,000 $11.66 $23,320
02. Mar 20 Buy G. Hough Individual 27. Feb 20 27. Feb 20 3,000 $17.16 $51,480
06. Dec 19 Sell Steven Burdette Individual 06. Dec 19 06. Dec 19 -2,400 $20.50 $-49,200
21. May 19 Buy G. Hough Individual 17. May 19 17. May 19 3,000 $17.91 $53,744
21. May 19 Sell Steven Burdette Individual 17. May 19 17. May 19 -4,700 $18.10 $-85,070
X
Management checks
We assess Haverty Furniture Companies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Haverty Furniture Companies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does Market Volatility Impact Haverty Furniture Companies, Inc.'s (NYSE:HVT) Share Price?

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Check out our latest analysis for Haverty Furniture Companies What does HVT's beta value mean to investors? … This means that -- if history is a guide -- buying the stock would reduce the impact of overall market volatility in many portfolios (depending on the beta of the portfolio, of course).

Simply Wall St -

Haverty Furniture Companies, Inc. (NYSE:HVT) Pays A 1.1% In Just 3

Last year's total dividend payments show that Haverty Furniture Companies has a trailing yield of 4.2% on the current share price of $19.04. … As a result, readers should always check whether Haverty Furniture Companies has been able to grow its dividends, or if the dividend might be cut. … View our latest analysis for Haverty Furniture Companies Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut.

Simply Wall St -

What Should You Know About Haverty Furniture Companies, Inc.'s (NYSE:HVT) Growth?

Below is a brief commentary on the longer term outlook the market has for Haverty Furniture Companies. … Check out our latest analysis for Haverty Furniture Companies How will Haverty Furniture Companies perform in the near future? … NYSE:HVT Past and Future Earnings, August 15th 2019 This results in an annual growth rate of 7.0% based on the most recent earnings level of US$30m to the final forecast of US$35m by 2022.

Simply Wall St -

Should Haverty Furniture Companies, Inc. (NYSE:HVT) Be Part Of Your Dividend Portfolio?

A high yield and a long history of paying dividends is an appealing combination for Haverty Furniture Companies. … Haverty Furniture Companies has been paying dividends for a long time, but for the purpose of this analysis, we only examine the past 10 years of payments. … While there may be fluctuations in the past , Haverty Furniture Companies's earnings per share have basically not grown from where they were five years ago.

Simply Wall St -

Is Haverty Furniture Companies, Inc. (NYSE:HVT) Potentially Undervalued?

Today I will analyse the most recent data on Haverty Furniture Companies’s outlook and valuation to see if the opportunity still exists. … Great news for investors – Haverty Furniture Companies is still trading at a fairly cheap price. … Another thing to keep in mind is that Haverty Furniture Companies’s share price may be quite stable relative to the rest of the market, as indicated by its low beta.

Simply Wall St -

Should You Worry About Haverty Furniture Companies, Inc.’s (NYSE:HVT) ROCE?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Haverty Furniture Companies: 0.082 = US$38m ÷ (US$575m - US$112m) (Based on the trailing twelve months to March 2019.) Therefore, Haverty Furniture Companies has an ROCE of 8.2%. … Do Haverty Furniture Companies's Current Liabilities Skew Its ROCE? … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

Should You Be Worried About Haverty Furniture Companies, Inc.'s (NYSE:HVT) 9.8% Return On Equity?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Haverty Furniture Companies: 9.8% = US$28m ÷ US$282m (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does Haverty Furniture Companies Have A Good Return On Equity? … Combining Haverty Furniture Companies's Debt And Its 9.8% Return On Equity Shareholders will be pleased to learn that Haverty Furniture Companies has not one iota of net debt!

Simply Wall St -

Introducing Haverty Furniture Companies (NYSE:HVT), The Stock That Dropped 34% In The Last Five Years

One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Looking back five years, both Haverty Furniture Companies's share price and EPS declined; the latter at a rate of 0.2% per year. … We note that for Haverty Furniture Companies the TSR over the last 5 years was -15%, which is better than the share price return mentioned above.

Simply Wall St -

Should You Be Worried About Insider Transactions At Haverty Furniture Companies, Inc. (NYSE:HVT)?

Check out our latest analysis for Haverty Furniture Companies Haverty Furniture Companies Insider Transactions Over The Last Year Over the last year, we can see that the biggest insider sale was by the Chairman, Clarence Smith, for US$240k worth of shares, at about US$24.01 per share. … Over the last year we saw more insider selling of Haverty Furniture Companies shares, than buying. … Haverty Furniture Companies Insiders Are Selling The Stock Over the last three months, we've seen a bit of insider selling at Haverty Furniture Companies.

Simply Wall St -

How Much Are Haverty Furniture Companies, Inc. (NYSE:HVT) Insiders Taking Off The Table?

So we'll take a look at whether insiders have been buying or selling shares in Haverty Furniture Companies, Inc. … Over the last year we saw more insider selling of Haverty Furniture Companies shares, than buying. … Insiders at Haverty Furniture Companies Have Sold Stock Recently The last three months saw some Haverty Furniture Companies insider selling.

Simply Wall St -

Company Info

Description

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, as well as mattress product lines under the Sealy, Tempur-Pedic, Serta, Stearns & Foster, and Beautyrest Black names. The company sells home furnishings through its retail stores, as well as through its Website. As of January 9, 2020, it operated 121 showrooms in 16 states in the Southern and Midwestern regions. Haverty Furniture Companies, Inc. was founded in 1885 and is based in Atlanta, Georgia.

Details
Name: Haverty Furniture Companies, Inc.
HVT
Exchange: NYSE
Founded: 1885
$189,539,083
18,719,930
Website: http://www.havertys.com
Address: Haverty Furniture Companies, Inc.
780 Johnson Ferry Road,
Suite 800,
Atlanta,
Georgia, 30342,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE HVT Common Stock New York Stock Exchange US USD 02. Jan 1980
DB 25F Common Stock Deutsche Boerse AG DE EUR 02. Jan 1980
NYSE HVT.A Class A Common Stock New York Stock Exchange US USD 27. May 1986
Number of employees
Current staff
Staff numbers
3,425
Haverty Furniture Companies employees.
Industry
Homefurnishing Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 03:34
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/02
Last earnings filing: 2020/03/05
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.