5 Best Furniture-Related Stocks to Buy Now

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1. Arhaus, Inc. (NASDAQ:ARHS)

Number of Hedge Fund Holders: 16

Arhaus, Inc. (NASDAQ:ARHS) is an American company that provides a host of products such as dining tables, sofas, chairs, consoles, coffee tables, and beds. The company is headquartered in Boston Heights, Ohio.

Arhaus, Inc. (NASDAQ:ARHS) is one of the strongest growing companies in the furniture industry. The company grew its revenue by a whopping 57% in 2021, and if this isn’t enough, it plans to further grow revenue this year by another 50%. Additionally, this growth trend can be maintained in 2023 as well, as management estimates that the orders that the firm has received so far will not be cleared until mid-2023.

Arhaus, Inc. (NASDAQ:ARHS) has a net debt of $214 million, which is 146% of its operating cash flow of $146 million in 2021. In simple terms, the debt can easily be funded by the operating cash flows and it de-risks the firm to an extent. As this year’s second quarter ended, 16 out of the 895 hedge funds polled by Insider Monkey had held Arhaus, Inc. (NASDAQ:ARHS)’s shares.

Arhaus, Inc. (NASDAQ:ARHS)’s largest investor is Jeff Osher’s No Street Capital which owns 1.6 million shares that are worth $7.2 million.

Disclosure: None. You can also take a look at 10 Best Global Stocks To Buy and 10 Best Stocks to Buy Now According to Billionaire Andreas Halvorsen.

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