5 Best Furniture Stocks to Buy Now

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In this article, we discuss the 5 best furniture stocks to buy now. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Furniture Stocks to Buy Now.

5. Sleep Number Corporation (NASDAQ: SNBR)

Number of Hedge Fund Holders: 21

Minneapolis-based Sleep Number Corporation (NASDAQ: SNBR) sells beds and bed accessories and it ranks 5th on the list of 10 best furniture stocks to buy now. Sleep Number Corporation (NASDAQ: SNBR) had 602 retail outlets in the United States as of January 2021, and the company aims to have 650 stores by the end of the year.

On July 21, Piper Sandler analyst Peter Keith maintained an Overweight rating and a $135 price target on Sleep Number Corporation (NASDAQ: SNBR), stating that demand trends for the company’s products remained strong in Q2.

The company has a market cap of $2.35 billion. In the second quarter of 2021, Sleep Number Corporation (NASDAQ: SNBR) recorded an EPS of $0.88, missing estimates by $0.22. The company’s second-quarter revenue was $484.3 million, an increase from $284.9 million in the same period of 2020. The stock has gained 108% in the past twelve months.

By the end of the first quarter of 2021, 21 hedge funds out of the 866 tracked by Insider Monkey held stakes in Sleep Number Corporation (NASDAQ: SNBR), worth roughly $256 million, up from 16 hedge funds worth $159 million, respectively, a quarter earlier

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