This post was originally published on this site
https://i-invdn-com.investing.com/news/LYNXNPEC0E0NI_M.jpg
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.
