Which Furniture Stock is a Better Buy? By StockNews

The demand for advanced cybersecurity solutions is expected to increase with the growing number of cybercrimes in the digital era. As a result, Radware (NASDAQ:) and SecureWorks (NASDAQ:) should benefit in the near term. But which of these stocks is a better buy now? Read more to find out.RH (NYSE:) in Corte Madera, Calif., and Haverty (NYSE:) Furniture Companies, Inc. (HVT) in Atlanta, Ga., are two well-established retailers of residential furniture in the United States. RH offers furniture, lighting, textiles, bath ware, décor, outdoor and garden, and child and teen furnishing products. HVT is a specialty retailer of residential furniture and accessories, custom upholstery products, eclectic looks, and mattress product lines. It also offers financing through a third-party finance company and an internal revolving charge credit plan. Both the companies distribute their products primarily through retail stores and websites.

With the continuation of remote working, people are upgrading their homes and improving the quality of living and home-working environments. Further, Americans’ ability to spend more on discretionary items is driving the demand for comfortable and good-quality furniture. Amid the rising demand, falling lumber prices make the backdrop favorable for furniture companies. The global furniture market is expected to grow at a 4.1% CAGR to $538.40 billion by 2026, and both RH and HVT are likely to benefit from the industry tailwinds.

But while HVT’s stock price has gained 13.6% over the past six months, RH has surged 40.9%. In terms of the past year’s performance, RH is a clear winner with 90.3% gains versus HVT’s 46.8%. So, which of these stocks is a better pick now? Let’s find out.

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