5 Best Furniture-Related Stocks to Buy Now

3. Kimball International, Inc. (NASDAQ:KBAL)

Number of Hedge Fund Holders: 13

Kimball International, Inc. (NASDAQ:KBAL) sells furniture products in the U.S. and globally under a host of different brands. These products include workstations, storage, headboards, vanities, and seating. The company is headquartered in Jasper, Indiana.

Kimball International, Inc. (NASDAQ:KBAL)’s third fiscal quarter results revealed that the company grew its revenues annually by a strong 31%, which also ended up beating analyst expectations by 5.3%. The growth was driven by the company’s work and healthcare division reporting a whopping 41% annual growth. The company also expects to bring in $185 million in revenue by the end of this year.

Despite this, Kimball International, Inc. (NASDAQ:KBAL) is trading at a relatively weak P/E ratio of 8.5x, implying that there is growth left in its stock price. The company also pays a 9 cent dividend for a strong 5.23% yield, and by the end of this year’s second quarter, 13 out of the 895 hedge funds had held a stake in it.

Kimball International, Inc. (NASDAQ:KBAL)’s largest investor is Jim Simons’ Renaissance Technologies which owns 1.7 million shares that are worth $13 million.