2024-01-27 04:26:45 ET
Summary
- Haverty is a residential furniture retailer in the US, targeting the middle to upper-middle price range.
- The company's financials have improved since the pandemic, with higher revenues and elevated margins. Revenues are facing pressures after elevated demand and a currently pressured customer spending, though.
- Haverty has invested in growing its store count and plans to open new stores in 2024 and 2025, showing potential for growth after a long period of stagnant pre-pandemic revenues.
- The stock doesn't seem to have an upside with the current valuation, as Haverty's financial prospects seem to be priced in.
Founded back in 1885, Haverty Furniture Companies ( HVT ) retails residential furniture in the United States under the Haverty brand through retail stores and the company’s website. The company targets the middle to upper-middle price range in its furniture offering....
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For further details see:
Haverty Furniture: Elevated Gross Margins, Pressured Sales