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Haverty Furniture Cos Inc - HVT STOCK NEWS

Welcome to our dedicated page for Haverty Furniture Cos news (Ticker: HVT), a resource for investors and traders seeking the latest updates and insights on Haverty Furniture Cos stock.

Overview and Heritage

Haverty Furniture Cos Inc (HVT) stands as a distinguished name in the residential furniture retail space, operating with a long-standing heritage since its founding in 1885. With its origins in downtown Atlanta, the company has grown to become a reputable specialty retailer in the Southern and Midwestern United States, leveraging over a century of industry experience to tailor quality home furnishings to diverse customer tastes. The business consistently emphasizes excellence in design and quality, incorporating both modern and traditional styles to serve different lifestyles and interior design preferences.

Quality and Product Excellence

At its core, Haverty’s is dedicated to offering a wide range of furniture products that include upholstery items, bedroom furnishings, living room collections, and accent pieces. Every piece of merchandise is constructed exclusively under the Haverty brand standards, ensuring high-quality craftsmanship and a commitment to durability. The company’s focus on quality extends through its attentive in-store and online experiences, making consumer satisfaction a central part of its value proposition.

Customer Experience and Design Expertise

Integrating a personalized approach to home decor, Haverty’s is recognized for its in-home design consultations and expert advice through qualified associates and design professionals. These services empower shoppers to make informed decisions that reflect their unique personalities and style aspirations, enhancing the shopping experience and establishing trust. The company’s consistent search for excellence is reflected in its customer service, offering a seamless journey whether customers opt for in-store visits or online shopping.

Market Position and Business Model

In a competitive retail landscape, Haverty Furniture distinguishes itself through a balanced mix of exclusive product offerings and tailored customer service. Operating primarily through its robust merchandise division, the company derives substantial revenue from the retail of upholstery products and bedroom furniture, supported by a diversified portfolio of furniture categories from living rooms to accent displays. Its multi-channeled distribution approach, including physical showrooms and an evolving online presence, further solidifies its position as an authoritative furniture retailer within the market.

Industry Expertise and Strategic Focus

Haverty’s commitment to quality is rooted in decades of market expertise. The company’s operations are underpinned by strategic insights into customer behavior, retail merchandising, and store expansion, which collectively enable it to adapt to market trends without compromising on quality. With ongoing enhancements to its product offerings and customer engagement practices, Haverty’s continues to demonstrate an in-depth understanding of the home furnishings industry. This meticulous approach in design, operations, and customer service exemplifies the company’s adherence to high standards of expertise, authoritativeness, and trustworthiness.

Competitive Landscape and Value Proposition

The competitive edge of Haverty Furniture lies in its ability to combine style, quality, and personalized service. The company faces competition from other regional and national furniture retailers, yet it remains distinct by focusing on exclusive, in-house manufactured merchandise and a personalized shopping experience. This dual emphasis on quality and customer-centric services makes the brand a valuable reference point within the furniture retail sector for both casual shoppers and design aficionados alike.

Overall, Haverty Furniture Cos Inc exemplifies a blend of rich heritage, industry-specific expertise, and a vigilant commitment to superior product offerings. The company remains a central figure in the home furnishings market, continuously prioritizing customer satisfaction and rigorous quality standards to ensure that every piece of furniture delivered is a testament to its long-standing reputation in the industry.

Rhea-AI Summary
Havertys (HVT) to participate in Water Tower Research Furniture/Furnishings Virtual Conference on January 17, 2024. Clarence H. Smith, chairman and CEO, to join a fireside chat at 10:30 a.m. Eastern Time. The event will feature presentations by furniture manufacturers, wholesalers, and suppliers, focusing on corporate strategies, competitive strengths, and challenges.
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Havertys (HVT) announces 'FURnishing Happiness' initiative in partnership with Furkids to help shelter dogs find homes.
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HAVERTYS (NYSE: HVT and HVT.A) authorizes special cash dividend of $1.00 per share on common stock and $0.95 per share on Class A common stock, alongside a quarterly cash dividend of $0.30 per share on common stock and $0.28 per share on Class A common stock. Both dividends will be paid on December 13, 2023, to stockholders of record on November 28, 2023. Havertys has a long history of paying cash dividends since 1935.
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Havertys reported its operating results for Q3 2023. Diluted EPS was $1.02 compared to $1.46 in Q3 2022. Consolidated sales decreased 19.7% to $220.3 million. Gross profit margin increased to 60.8% from 57.1%. The company opened a new location in Charlotte, NC and entered the Dayton, Ohio market. They are cautious in their near-term expectations due to the challenging macro-environment.
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HAVERTYS (NYSE:HVT) and (NYSE:HVT.A) will release its Q3 2023 financial results on November 1. A conference call will be held on November 2 to discuss the results.
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HAVERTYS to release Q2 2023 financial results on August 1 and host conference call on August 2
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HAVERTYS announces a 7.1% increase in quarterly dividend for its common stock and Class A common stock.
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Havertys Furniture celebrates 25 years of serving the greater Washington, D.C. area by offering a curated art collection in their eight showrooms. The collection features art pieces that pay homage to the D.C. area, including blue crabs, St. Michaels, a city map, the Jefferson Memorial, and the Shenandoah Valley. Steve Burdette, Havertys' President, expresses excitement about commemorating the milestone and hopes that residents will relate to the selected pieces.
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FAQ

What is the current stock price of Haverty Furniture Cos (HVT)?

The current stock price of Haverty Furniture Cos (HVT) is $22.2 as of March 10, 2025.

What is the market cap of Haverty Furniture Cos (HVT)?

The market cap of Haverty Furniture Cos (HVT) is approximately 353.8M.

What is the core business of Haverty Furniture Companies Inc?

Haverty Furniture Companies Inc specializes in retailing high-quality residential furniture and accessories, catering to a broad range of design styles from traditional to modern.

How long has Haverty been in business?

Established in 1885, the company has grown from a single store in Atlanta to a well-established regional furniture retailer with a long-standing heritage in quality craftsmanship.

What types of products does the company offer?

The company offers an extensive range of products including upholstery, bedroom furniture, living room pieces, accent items, and various home accessories that cater to diverse interior design preferences.

How does Haverty create a distinctive customer experience?

Haverty emphasizes personalized service through in-home design consultations and expert assistance from qualified associates, ensuring that customers receive tailored advice and support when furnishing their homes.

In which regions does Haverty primarily operate?

Haverty predominantly operates in the Southern and Midwestern regions of the United States, maintaining a strong presence in these markets with a network of multiple retail locations.

What differentiates Haverty from other furniture retailers?

The company sets itself apart by offering exclusive, in-house manufactured products combined with personalized design services, ensuring both high-quality merchandise and an enhanced shopping experience.

How does Haverty’s expertise reflect in its product offerings?

Leveraging decades of experience, Haverty employs meticulous quality control and design innovation, ensuring that each piece meets strict standards in craftsmanship and complements diverse residential styles.

What are the key elements of Haverty's business model?

Haverty’s business model focuses on a mix of high-quality merchandise, a strong omni-channel retail approach including physical and online sales, and personalized customer service to ensure a seamless and engaging shopping experience.
Haverty Furniture Cos Inc

NYSE:HVT

HVT Rankings

HVT Stock Data

353.83M
13.53M
10.57%
91.8%
7.93%
Home Improvement Retail
Retail-furniture Stores
Link
United States
ATLANTA