RH stock is up 80% in 6 months, revenue grew 8% y-o-y, optimistic Q4 outlook.

From Nasdaq: 2024-12-20 02:01:59

RH stock, formerly Restoration Hardware Holdings Inc, trades near $396 per share, up 80% in 6 months, outperforming the S&P. Q3 earnings miss didn’t hinder stock growth as revenue grew 8% y-o-y with an optimistic Q4 outlook. RH expects revenue growth of 6.8% to 7.2% y-o-y for full year 2024.

RH generates revenue through curated catalogs, offering a variety of home furnishings. Luxury home furnishings demand declined post-pandemic peak, affecting business performance. RH stock underperformed in the last 3 years but offers potential growth. Consider the High Quality portfolio for smoother returns and outperformance of the S&P.

Trefis’s HQ Portfolio, consisting of 30 stocks, has outperformed the S&P each year since 2016, offering better returns with less risk. RH stock has shown a 41% return YTD in 2024, while the S&P has returned 27%. The Trefis Reinforced Value Portfolio also offers strong returns, indicating potential for market-beating investments.



Read more at Nasdaq: What’s Driving Upswing in RH’s Stock?