QUOTE AND NEWS
Benzinga  Jul 14  Comment 
In a report published Tuesday, Raymond James analyst Budd Bugatch upgraded the rating on Haverty Furniture Companies, Inc (NYSE: HVT) from Market Perform to Outperform, while establishing a target price of $25. Analyst Budd Bugatch pointed out...
StreetInsider.com  Oct 7  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Havertys+%28HVT%29+Q3+Comps+Rose+3.5%25/9891297.html for the full story.




 
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Company Overview

Haverty Furniture Companies, Inc.(NYSE:HVT) is a producer of residential furniture, including living room furniture, bedroom furniture, dining room furniture, and bedding products. Haverty operates retail stores in 17 states of the Midwest and Southern regions of the United States. Recently, Haverty has suffered from a weak housing market and lower discretionary spending among its target customers.[1]

Business Growth

In FY2010, Haverty reported revenues of $162 million, a 2% increase year-over-year. [2] This growth in furniture sales was due to increased consumer confidence and the fact that housing activity was buoyed by the home buyer tax credit in 2010. [3]

If he could see he might not be too happy either. Audrey and her attisuic cousin both freak when the furniture gets moved around for the tree, and then by the time they get used to it, it's time for it to come down and they get freaked out all over again when the furniture gets moved back.

Competition

Haverty Furniture competes with firms that offer residential furniture, especially living room furniture, bedroom furniture, dining room furniture, and bedding products.

  • Williams-Sonoma (WSM) is a producer of furniture and home products under the Williams-Sonoma, Pottery Barn, and West Elm brands.[4]
  • Pier 1 Imports (PIR) is a producer of furniture, home furnishings, dining and kitchen goods, bath and bedding accessories, candles, gifts and other specialty items for the home.[5]




References

  1. Global Data Research Report, March 2011
  2. HVT February 28, 2011 Press Release
  3. HVT February 28, 2011 Press Release
  4. Hoover's WSM
  5. Hoover's PIR
  6. Hoover's BBBY
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