Haverty Furniture Companies: A Perfect Fit For Conservative Dividend Investors

J. Michael Jones Investment thesis After experiencing a demand boost in 2021 and 2022 driven by the reopening the U.S. economy after the worst months of the coronavirus pandemic, a significant number of Haverty Furniture's (NYSE:HVT) customers have their home furniture renovated, which is creating a negative rebound effect for revenues that began in 2023 and continues to intensify as, to this, we must add a housing industry weakened by high interest rates, with no expected decreases in the short term. A ...