RH stock soared in September, but the best is yet to come.
Art Deco-era designs, along with reclining furniture — an area RH long shied from — are resonating with shoppers, Wedbush analysts said.
CNBC's Jim Cramer explains why he is keeping an eye on shares of RH.
In the most recent trading session, RH (RH) closed at $354.52, indicating a +1.84% shift from the previous trading day.
RH demonstrates resilience with Q2 2024 net revenues of $830 million, a 3.6% YoY increase, and an 11.7% adjusted operating margin. RH's strategic investments in product transformation and Gallery expansion are paying off, despite margin pressures and a challenging housing market. Consolidating RH Contemporary into RH Interiors and RH Modern collections streamlines offerings, optimizing marketing strategies and maintaining high standards.
RH (RH, previously known as Restoration Hardware), a leading luxury furniture retailer, has seen a significant boost, with its shares gaining 36.1% over the past month. This surge is likely due to increased consumer interest in the company's new product assortment.
I reiterate my buy rating for RH, expecting a surge in demand and earnings growth acceleration in FY25 due to an improved macro situation. The recent rate cuts and anticipated further reductions should enhance home affordability, driving more home purchases and consequently, more furniture sales for RH. RH's new product strategy and upcoming design gallery openings will capitalize on the expected demand surge, positioning the company for significant growth.
RH Chairman and CEO Gary Friedman joins 'Mad Money' host Jim Cramer to talk quarterly results, global growth, the state of the housing market and more.
RH Chairman and CEO Gary Friedman joins 'Mad Money' host Jim Cramer to talk quarterly results, global growth, the state of the housing market and more.
RH CEO Gary Friedman told CNBC's Jim Cramer on Friday why the upscale home furnishing retailer doesn't have any official social media accounts, saying paid promotions by online influencers aren't authentic. "The great brands that stand the test of time, they earn it, right," Friedman said.
This month, RH's management reported better-than-expected consumer demand. This could be the start of a new bull run.
Formerly known as Restoration Hardware, RH NYSE: RH is a high-end home furnishings retailer offering curated collections of luxury furniture, decor, bathware and textiles. Its stock surged 25% following its second-quarter 2024 earnings release.