Why RH Stock Soared Over 20% Today [Yahoo! Finance]
RH (RH)
Last rh earnings: 3/30 04:05 pm
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US:NYSE Investor Relations:
ir.restorationhardware.com/investor-overview
Company Research
Source: Yahoo! Finance
RH (NYSE: RH) , formerly known as Restoration Hardware, just reported its fiscal second-quarter results that indicated demand is strong and accelerating. That report has the stock soaring Friday morning. Shares were up by 22.8% as of 11:15 a.m. ET, and that brought the stock's return positive for the year. RH gaining momentum RH management has been saying that sales of its luxury brand furnishings were approaching an inflection point with consumers. The company, and investors, now see that inflection point becoming a reality. RH said demand -- defined by the company as the value of orders placed -- jumped 7% in the second quarter and said that may double in the third quarter. In its letter to shareholders, the company stated: Despite expectations for industry conditions to remain challenging until interest rates ease and the housing market begins to rebound, we expect our demand trends to accelerate throughout fiscal 2024 and into 2025. The report had some analysts gaining
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RH
News
- RH (NYSE: RH) had its "underperform" rating re-affirmed by analysts at BNP Paribas. They now have a $253.00 price target on the stock.MarketBeat
- ReallyVeryCrunchy Shares Her Secrets To Decorating A Crunchy Home [Forbes]Forbes
- Splash Car Wash Opens Its 65th Site [Yahoo! Finance]Yahoo! Finance
- RH Announces the Opening of RH Raleigh, The Gallery at North HillsBusiness Wire
- RH: Ambitious Luxury Vision Meets Liquidity Issues - Why I Sold [Seeking Alpha]Seeking Alpha
RH
Earnings
- 9/12/24 - Miss
RH
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- RH's page on the SEC website