As idled stay-at-home purchasers sought to re-furnish their homes, the home furniture business benefited from the increase in consumer demand for furnishings. Offices encouraged employees to work from home, changing consumer purchasing patterns. Personal consumption expenditure on durable goods has climbed by 6.3 percent, according to Deloitte’s data. The Home Depot, Inc. and Wayfair, Inc. recently posted excellent earnings increases. Last year, the furniture and home improvement industries gained money, and Credit Suisse analysts are optimistic about the business for at least the next year.
Insider Monkey looks at the 10 best furniture stocks to buy now. Bassett Furniture Industries, Incorporated, established in Virginia, has grown to become one of the most well-known furniture manufacturers in the United States and Puerto Rico. In the last year, the stock has increased by 141 percent. Year to date, the stock has increased by 13%. HNI Corporation is ranked ninth. The firm sells furniture throughout the United States, Canada, China, Singapore, Hong Kong, Taiwan, and Dubai. HNI Corporation’s stock has up 11.5 percent this year. American Woodmark Corporation is ranked eighth. Revenue climbed 21.4 percent to $473.4 million in the last four quarters, exceeding revenue expectations by $9.6 million. The 7th greatest furniture stock to buy right now is Kimball International, Inc. The Jasper Corporation was created in 1939 and was previously known as The Jasper Corporation. Kimball International’s stock has increased by 4% in the last year. The 6th greatest furniture stock to purchase right now is Herman Miller, Inc. In the fourth quarter, revenue from home office and workplace-related products increased by 213 percent year over year. For more details, click 10 Best Furniture Stocks to Buy Now.
