Haverty Furniture Cos. Inc Dossier
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SectorConsumer Discretionary IndustryHomefurnishing Retail Beta (adjusted)1.14 Intrinsic Value $14.53median of 5 methods · middle span $9-$21based on filings through 30 Jun 2026 Market Price $27.42Price as of 1 Oct 2026 OvervaluedIntrinsic value is 47% below the market price −50% · IV below pricenear fair value ±15%IV above price · +50% Data confidence Sign in to view data confidence Market Cap $427.6M Enterprise Value $323.3M Shares Outstanding 16.1M diluted Moat Rating Narrow Next Earnings Date28 Oct 2026 Last ex-dividend25 Aug 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Haverty Furniture Companies Inc. (HVT) is demonstrating resilient operational execution in a challenging home furnishings market, marked by its third consecutive quarter of positive comparable store sales in Q1 2026. The company's premiumization strategy, driven by its high-margin in-home design consultation business (which now accounts for 35.3% of written sales), is successfully driving higher average tickets and sustaining industry-leading gross margins of 61.5%. Supported by a pristine, debt-free balance sheet with $107.5 million in cash and cash equivalents, Havertys is well-positioned to selectively expand its store footprint and return substantial capital to shareholders through its robust 5.38% dividend yield and active share buyback program. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$30.00 Mean target$33.00 High · most bullish analyst$36.00 Street targets sit above today's price; our intrinsic value sits below it. Different horizons, different questions. Our research · scenarios, merits, risks, and invalidation triggersResearch as of 19 Jun 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario The bear case assumes a prolonged housing recession and persistent inflationary pressures that squeeze consumer discretionary spending. Increased promotional activity across the retail sector could compress gross margins, while rising occupancy and labor costs inflate SG&A, leading to flat or negative comparable store sales and reduced profitability. Base CaseCentral scenario The base case assumes that Havertys continues to capture market share through its design-led retail model, maintaining gross margins above 61% and achieving mid-single-digit comparable store sales growth. Selective store expansion (net 3 openings in 2026) will offset localized retail headwinds, while the company's debt-free status protects it from high interest rate environments. Bull CaseUpside scenario Haverty Furniture is well-positioned to withstand tariff pressures due to its heavily domestic supply chain, which relies on domestically sourced products. This domestic tilt cushions the company from Section 301 tariffs that are expected to raise costs for import-heavy competitors. Additionally, the company maintains a pristine balance sheet with no funded debt, robust liquidity ($107.5 million in cash as of Q1 2026), and a strong commitment to returning capital to shareholders through active share buybacks and a high dividend yield. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
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Thesis Invalidation Triggers
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |