HVT Stock Analysis

Haverty Furniture Cos. Inc

Haverty Furniture Companies, Inc. (Havertys) is a specialty retailer of residential furniture and accessories. All of its retail locations are operated using the Havertys name and the Company does not franchise its stores. The Company provides its customers a selection of products and styles, and most of the furniture merchandise it carries bears the Havertys brand. It also offers the mattress product lines of Sealy, Serta and Tempur-Pedic. As of December 31, 2012, the Company operated 122 stores serving 81 cities in 17 states with approximately 4.4 million retail square feet. During the year ended December 31, 2012, approximately 73% of its leather merchandise selection was imported from Mexico or Asia. In 2012, the Company's bedroom furniture accounted for 19.4%; dining room furniture accounted for 10.7%; occasional accounted for 11.0%; upholstery accounted for 38.2%; mattresses accounted for 11.5%, and accessories and other accounted for 9.2% of the Company's gross revenue.