7 Best Furniture Stocks To Invest In According to Analysts

2. Virco Mfg. Corporation (NASDAQ:VIRC)

Number of Hedge Fund Holders: 10

Analysts Upside Potential: 45.63%

Virco Mfg. Corporation (NASDAQ:VIRC) is a furniture manufacturing company with a special focus on school and education-related furniture. They manufacture school furniture starting from preschools to 12th grade and are known to be one of the largest suppliers in the United States.

The company has developed several modern furniture lines, such as the ZUMA Series and the Metaphor Series, which cater to contemporary educational needs. Moreover, they have two main manufacturing facilities in Torrance, California, and Conway, Arkansas.

Virco Mfg. Corporation (NASDAQ:VIRC) reported an impressive first quarter for fiscal 2025, which ended in April of calendar year 2024. The company reported first quarter revenue of $46.74 million which improved around 33.7% year-over-year. Revenue growth was backed by a strong increase in net income which increased from negative $1.4 million to positive $2.1 million during the quarter.

Management noted that it is currently completing a large order related to disaster relief and recovery, which contributed greatly to revenue growth for the company. Looking ahead, the summer season is typically the peak for the company as schools are closed and can refurnish their facilities easily. Even during the off-season, shipments of the company were impressive totaling $46.7 million vs. $34.9 million in the same quarter of the prior year.

It is the 3rd best furniture stock to invest in according to analysts and was held by 10 hedge fund holders during Q2 2024, as per Insider Monkey’s database.