5 Best Furniture-Related Stocks to Buy Now

4. The Lovesac Company (NASDAQ:LOVE)

Number of Hedge Fund Holders: 13

The Lovesac Company (NASDAQ:LOVE) manufactures and sells furniture products such as foam beanbags, chairs, drink holders, fitted seat tables, and ottomans. The company is headquartered in Stamford, Connecticut.

The Lovesac Company (NASDAQ:LOVE) has been growing its revenue by a compounded annual growth rate (CAGR) of 47.6% over the past five years, making it outpace most of the industry. The company’s strongest product is its Sactional, which provides buyers to create a wide variety of different furniture pieces simply by buying more pieces from the company instead of purchasing new products. This makes The Lovesac Company (NASDAQ:LOVE) a rare furniture company with recurring revenue.

The Lovesac Company (NASDAQ:LOVE) also likely has the strongest customer loyalty in the furniture industry, particularly due to the Sactional. The company’s fiscal year 2021 saw close to 46% of transactions come from repeat customers. Insider Monkey’s Q2 2022 survey saw 13 investors in the firm.

The Lovesac Company (NASDAQ:LOVE)’s largest investor is Paul Marshall and Ian Wace’s Marshall Wace LLP which owns 514,193 shares that are worth $14 million.