Haverty Furniture stock hits 52-week low at $19.26

Published 04/03/2025, 10:01 AM
Haverty Furniture stock hits 52-week low at $19.26

In a challenging year for retailers, Haverty Furniture Companies Inc . (NYSE:HVT) stock has touched a 52-week low, dipping to $19.26. According to InvestingPro analysis, the company appears undervalued at current levels, despite maintaining impressive gross profit margins of 60.7% and a healthy dividend yield of 6.2%. The furniture retailer, known for its wide range of home furnishings, has faced significant headwinds, reflected in the stock’s performance over the past year. Investors have witnessed a substantial decline, with HVT experiencing a 1-year change of -32%. Nevertheless, InvestingPro data reveals the company’s financial resilience, maintaining dividend payments for 51 consecutive years and operating with a strong current ratio of 1.8. This downturn highlights the pressures on the home goods sector, as consumer spending patterns shift and competition intensifies. Haverty Furniture’s current position at a 52-week low underscores the need for strategic adjustments to navigate the evolving retail landscape. For deeper insights into HVT’s valuation and eight additional ProTips, explore the comprehensive research available on InvestingPro.

In other recent news, Haverty Furniture Companies Inc. reported its financial results for the fourth quarter of 2024, surpassing earnings expectations with an EPS of $0.49, which was significantly higher than the forecast of $0.23. However, the company slightly missed revenue expectations, reporting $184.4 million compared to the anticipated $185.39 million, marking a 12.5% decline year-over-year. Despite these mixed financial results, Haverty Furniture maintains a strong gross margin and remains debt-free, positioning itself well for future growth. In executive news, the company announced that Brendan McGill will join as Senior Vice President and General Counsel, succeeding Janet E. Taylor, who is retiring. McGill brings extensive legal and corporate governance experience to the company. Haverty Furniture also plans to expand its store count and improve operational efficiencies in 2025, with five new stores expected to open. The company aims to maintain gross profit margins between 60% and 60.5% in the coming year. These developments reflect Haverty Furniture’s strategic initiatives to navigate challenging market conditions and pursue growth opportunities.

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