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Purple Innovation (PRPL) Competitors

Purple Innovation logo
$0.84 -0.01 (-1.17%)
(As of 11/14/2024 ET)

PRPL vs. HOFT, CSPR, FLXS, SNBR, HBB, GPRO, BRLT, VIOT, NTZ, and FEBO

Should you be buying Purple Innovation stock or one of its competitors? The main competitors of Purple Innovation include Hooker Furnishings (HOFT), Casper Sleep (CSPR), Flexsteel Industries (FLXS), Sleep Number (SNBR), Hamilton Beach Brands (HBB), GoPro (GPRO), Brilliant Earth Group (BRLT), Viomi Technology (VIOT), Natuzzi (NTZ), and Fenbo (FEBO).

Purple Innovation vs.

Hooker Furnishings (NASDAQ:HOFT) and Purple Innovation (NASDAQ:PRPL) are both small-cap consumer discretionary companies, but which is the superior investment? We will compare the two companies based on the strength of their community ranking, valuation, institutional ownership, dividends, earnings, profitability, media sentiment, analyst recommendations and risk.

Purple Innovation has a consensus price target of $2.53, suggesting a potential upside of 198.82%. Given Purple Innovation's stronger consensus rating and higher possible upside, analysts clearly believe Purple Innovation is more favorable than Hooker Furnishings.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Hooker Furnishings
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00
Purple Innovation
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.60

In the previous week, Purple Innovation had 4 more articles in the media than Hooker Furnishings. MarketBeat recorded 7 mentions for Purple Innovation and 3 mentions for Hooker Furnishings. Hooker Furnishings' average media sentiment score of 0.86 beat Purple Innovation's score of 0.66 indicating that Hooker Furnishings is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Hooker Furnishings
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Purple Innovation
1 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Hooker Furnishings has higher earnings, but lower revenue than Purple Innovation. Purple Innovation is trading at a lower price-to-earnings ratio than Hooker Furnishings, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hooker Furnishings$433.23M0.45$9.86M$0.13141.55
Purple Innovation$504.84M0.18-$120.76M-$1.00-0.85

Purple Innovation received 86 more outperform votes than Hooker Furnishings when rated by MarketBeat users. Likewise, 67.42% of users gave Purple Innovation an outperform vote while only 57.61% of users gave Hooker Furnishings an outperform vote.

CompanyUnderperformOutperform
Hooker FurnishingsOutperform Votes
212
57.61%
Underperform Votes
156
42.39%
Purple InnovationOutperform Votes
298
67.42%
Underperform Votes
144
32.58%

Hooker Furnishings has a beta of 1.19, meaning that its stock price is 19% more volatile than the S&P 500. Comparatively, Purple Innovation has a beta of 2.08, meaning that its stock price is 108% more volatile than the S&P 500.

Hooker Furnishings has a net margin of 0.40% compared to Purple Innovation's net margin of -21.34%. Hooker Furnishings' return on equity of 0.72% beat Purple Innovation's return on equity.

Company Net Margins Return on Equity Return on Assets
Hooker Furnishings0.40% 0.72% 0.47%
Purple Innovation -21.34%-84.67%-16.17%

73.6% of Hooker Furnishings shares are held by institutional investors. Comparatively, 88.4% of Purple Innovation shares are held by institutional investors. 1.7% of Hooker Furnishings shares are held by company insiders. Comparatively, 53.7% of Purple Innovation shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Summary

Purple Innovation beats Hooker Furnishings on 10 of the 18 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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PRPL vs. The Competition

MetricPurple InnovationHousehold furniture IndustryStaples SectorNASDAQ Exchange
Market Cap$91.01M$1.42B$14.73B$8.88B
Dividend YieldN/A2.51%2.65%4.03%
P/E Ratio-0.8531.4824.2817.46
Price / Sales0.180.554.3092.75
Price / CashN/A9.6921.4136.42
Price / Book3.253.326.095.86
Net Income-$120.76M$41.73M$579.72M$225.15M
7 Day Performance4.04%-2.68%-2.09%-0.90%
1 Month Performance-6.08%0.32%-2.59%3.70%
1 Year Performance38.52%21.29%10.98%26.40%

Purple Innovation Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
PRPL
Purple Innovation
2.5552 of 5 stars
$0.85
-1.2%
$2.53
+198.8%
+45.4%$91.01M$504.84M-0.851,700Gap Up
HOFT
Hooker Furnishings
2.8748 of 5 stars
$18.43
+1.6%
N/A+4.3%$197.39M$433.23M141.781,203Short Interest ↓
CSPR
Casper Sleep
N/A$6.78
flat
N/A+0.0%$282.20M$497M-2.94538News Coverage
High Trading Volume
FLXS
Flexsteel Industries
4.1216 of 5 stars
$59.99
+0.5%
N/A+243.9%$312.43M$422.16M23.711,500Short Interest ↓
Positive News
SNBR
Sleep Number
0.8823 of 5 stars
$15.92
+4.8%
N/A+37.5%$355.81M$1.89B-8.804,145Analyst Downgrade
Insider Buying
Gap Down
HBB
Hamilton Beach Brands
1.7294 of 5 stars
$21.35
-3.3%
N/A+46.4%$292.60M$647.83M11.36700
GPRO
GoPro
3.7349 of 5 stars
$1.57
+8.3%
N/A-58.1%$239.79M$931.41M-0.61880Short Interest ↓
High Trading Volume
BRLT
Brilliant Earth Group
4.0982 of 5 stars
$1.82
+7.7%
N/A-18.8%$178.94M$446.38M30.34668Short Interest ↓
News Coverage
VIOT
Viomi Technology
2.547 of 5 stars
$1.35
-3.6%
N/A+61.0%$92.10M$2.23B0.001,470Short Interest ↓
Positive News
NTZ
Natuzzi
0.2384 of 5 stars
$4.09
+2.0%
N/A-37.7%$45.07M$355.63M0.003,587Short Interest ↑
News Coverage
FEBO
Fenbo
0.5993 of 5 stars
$3.24
+3.5%
N/AN/A$35.64M$15.25M0.00284Short Interest ↓
Gap Up

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This page (NASDAQ:PRPL) was last updated on 11/14/2024 by MarketBeat.com Staff
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