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what it is
Havertys sells sofas, beds, mattresses, and home accessories through 129 stores and its website across 17 states.
how it gets paid
Last year Haverty Furniture made $759M in revenue. living room furniture was the main engine at $235M, or 31% of sales.
why it's growing
Revenue grew 5.0% last year. Gross margin at 60.8% mattered most because a furniture retailer with only a 5.7% operating margin needs merchandise margin to stay healthy.
what just happened
Havertys stayed profitable with a 60.8% gross margin, which is the number doing most of the work here.
At a glance
C++ balance sheet — some cracks in the foundation
40/100 earnings predictability — expect surprises
14.8x trailing p/e — the market's not buying it — or you found a deal
6.2% dividend yield — cash in your pocket every quarter
6.5% return on capital — nothing to write home about
xvary composite: 47/100 — below average
What they do
Havertys sells sofas, beds, mattresses, and home accessories through 129 stores and its website across 17 states.
This is not a fancy moat story. It is a local-trust story. Havertys has been around since 1885 and runs 129 showrooms, so your couch purchase still comes with a human, a floor model, and delivery logistics that pure e-commerce struggles to fake.
How they make money
$759M
annual revenue · their business grew +5.0% last year
living room furniture
$235M
bedroom furniture
$167M
mattress product lines
$129M
dining room furniture
$114M
accessories and decor
$114M
The products that matter
core showroom retail
Residential furniture
$759M trailing revenue · 129 stores
This is effectively the whole business. You are buying a regional furniture chain that produced $759M in trailing revenue through 129 physical locations.
entire story
higher-ticket customization
Custom upholstery
supports 60.7% gross margin
This matters because the margin structure has to do the heavy lifting. At 60.7% gross margin, differentiated product and in-store selling still have value if customers keep showing up.
margin defense
traffic-driving sleep category
Branded mattress lines
part of $201.9M q4 sales
Mattresses bring customers into the store and sit inside a quarter that reached $201.9M in sales. In a soft housing market, traffic matters almost as much as margin.
traffic watch
Key numbers
6.2%
dividend yield
You are getting paid real cash while you wait. That yield is the loudest part of the HVT story at today's price.
14.8x
trailing p/e
P/E → price-to-earnings → what you pay for each dollar of profit. So what: HVT is priced like a no-drama retailer, because its growth and margins are no-drama.
5.7%
operating margin
Operating margin → profit after running the business → how much cushion management has. So what: this is thin enough that one bad cost cycle hurts.
$175M
long-term debt
Debt is 35% of capital, which is fine in calm markets and annoying in weak ones. That matters more for a cyclical retailer.
Financial health
C++
strength
- balance sheet grade C++ — below average — limited financial resources
- risk rank 3 — safer than 50% of stocks
- price stability 50 / 100
- long-term debt $175M (35% of capital)
C++ — below average. watch for debt servicing and cash burn.
Total return vs. market
Return history isn't available for HVT right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Havertys stayed profitable with a 60.8% gross margin, which is the number doing most of the work here.
Consensus shows the last reported EPS at $0.28, while SEC data shows TTM revenue of $759M, up 5.0% vs. prior year. Value Line's 2024 quarterly EPS path went from $0.14 to $0.49, so profitability improved as the year went on.
$759M
revenue
$0.28
eps
60.8%
gross margin
the number that mattered
Gross margin at 60.8% mattered most because a furniture retailer with only a 5.7% operating margin needs merchandise margin to stay healthy.
source: SEC filings and consensus data, 2025
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What could go wrong
the #1 risk is gross margin compression from promotions, tariffs, and weak furniture demand.
high
gross margin compression
HVT reports a strong 60.7% gross margin, but only a 2.85% operating margin. That means promotions, freight, tariff costs, or delivery inefficiency hit harder than the headline gross margin suggests.
this is aimed directly at the company’s thin operating profit
med
consumer demand rolling over again
The latest quarter showed 8.2% comparable store sales growth, but annual revenue still declined 16.1%. Furniture is cyclical and easy to postpone when confidence weakens.
puts pressure on the rebound narrative behind the stock
med
store footprint versus e-commerce competition
You own 129 physical stores in a category where online competition keeps training customers to compare price first. If showroom traffic weakens, the fixed-cost base does not go away politely.
threatens the economics of the 129-store model
med
dividend pressure
The 6.2% yield looks generous because it is. The dividend costs about $20M annually, and a retailer with $175M of long-term debt cannot treat that payout as untouchable if profits weaken.
would hit both income holders and sentiment at the same time
These risks all hit the same weak spot: 60.7% gross margin has to carry a 129-store footprint, $175M of long-term debt, and a 6.2% dividend.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
gross margin versus operating margin
60.7% versus 2.85% is the spread that explains this stock. If that operating line does not improve, the gross margin story is mostly decoration.
calendar
Q1 2026 earnings report
Expected late April 2026. You want to see whether the 8.2% comparable store sales rebound was a quarter or the start of a trend.
trend
consumer demand after a 16.1% annual revenue decline
One good quarter does not settle the debate. The next few prints need to show that spending on furniture is stabilizing, not just bouncing.
risk
2026 capital spending plan
Management plans $33.5M for 2026. In a retailer with a C++ balance sheet, capex tells you how aggressive or defensive management really feels.
Analyst rankings
earnings predictability
40 / 100
In human-speak: the quarterly numbers can move around more than you want from an income stock.
risk rank
3
That puts HVT around the middle on risk. Not a bunker stock, not a disaster waiting to happen.
price stability
50 / 100
The stock has been middling on volatility. That sounds calm until you remember the business underneath is still cyclical.
source: institutional data
Institutional activity
institutional ownership data for HVT is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$24
current price
n/a
target midpoint · n/a from current
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