Haverty Furniture Companies inc, known by the ticker symbol HVT,  is a small-cap home improvement retailer, operating in the consumer cyclical business sector. This is my first report on HVT for this vital stock portfolio. I last reviewed it on in February 18th 2020 for my Volio portfolio five. 

Haverty Furniture Companies Inc is a specialty retailer of residential furniture and accessories. 

It provides various products such as Sofa Tables, Sleepers, End Tables, Cocktail Tables, Accent Pieces, Display Cabinets, Wall Decor, Florals and Tress, and other related products. All its activities are encompassed in its Merchandise division. 

The company derives the majority of its revenue from its upholstery products and, secondarily, from bedroom furniture.

As of February 23, 2021, it operated 120 showrooms in 16 states in the Southern and Midwestern regions. The company sells home furnishings through its retail stores, as well as through its Website. 

Haverty Furniture Companies, Inc. was founded in 1885 and is based in Atlanta, Georgia.

Three key data points gauge any dividend equity or fund such as Haverty Furniture Companies Inc (HVT):

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money.

Photo by Phillip Goldsberry on Unsplash

HVT Price

Haverty's price per share was $29.29 as of yesterday's market close. One year ago its price was $31.96. Therefore HVT's share price fell $2.67 or just about 8,4% in the past year.

If HVT's stock trades in the range of $20.00 to $40.00 this next year, its recent $29.29 share price might rise by $1.71 to reach $31.00  by February 4, 2023. This estimate is just two cents over the average annual Haverty single share price increase of the past ten years.

HVT Dividends

Haverty 's most recent quarterly dividend of $2.25 was paid to shareholders December 8th, to those on record as of November 19th. The dividend included a $2.00 special dispensation. The HVT estimated Annual dividend payout per share of $1.00 yields 3.41% per yesterday's $29.29. closing price. 

HVT has paid  quarterly dividend payouts increasing annually since February ,1992. That stretch marked 30 years this month.

HVT Returns

Adding the $1.00 annual estimated HVT forward-looking dividend to its estimated one-year share price upside of $1.71 shows a $2.71 potential gross gain, per share, to be reduced by any costs to trade HVT shares.  

At yesterday's $29.29 price per share, a little over $1000 would buy 34 shares.

A $10 broker fee (if charged) would be paid half at purchase and half at sale and might cost us about $0.29 per share.

Subtract that maybe $0.29 brokerage cost from my estimated $2.71 gross gain estimate per share results in a net gain of $2.42 X 34 shares = $82.28 for a 8.29% net gain on a $995.86 investment.

So it is that Haverty Furniture Companies Inc (HVT) shows a possible 8.29% net gain including a 3.41% forward estimated dividend yield. 

Over the next year at this time our $1000 investment in Haverty Furniture Companies Inc (HVT) could generate $34.10 in cash dividends alone. Note that a single share of HVT stock bought at yesterday's share price of $29.29 is nearly $5 less than the dividend income from $1000.00 invested. So, by my dogcatcher ideal, now is an excellent point to pickup Haverty Furniture Companies Inc (HVT) shares. The estimated next-year dividend from $1K invested is $4.81 over HVT's single share price. Consider yourself alerted. Its a sign!  

All of the estimates above are speculation based on the past history of Haverty Furniture Companies Inc (HVT). Only time and money invested in this stock will determine its market value.