#5 - Restoration Hardware (NYSE:RH)
Remodeling can be just as significant as new construction. And Restoration Hardware (NYSE:RH) is positioned to serve both markets. The company specializes in high-end home furnishings. But the company does it with approximately 70 high-end galleries, a catalog business, and about 20 outlet stores.
Many homeowners are discovering that they may want to renovate their existing space. Whatever their motivation, RH can help these prospective buyers relieve themselves of that disposable income.
At a time when many home furnishing suppliers try to be all things to all people, RH unapologetically appeals to the luxury space. I can respect that, and apparently, so do many investors.
RH stock is up over 30% for the year and a whopping 175% in the last three months. And that is showing the strength of the company’s business model. Keep in mind, the company’s stores were closed during the pandemic. But the company provides personal delivery to ensure that they have control over the delivery experience. And when its stores are open, they provide in-store restaurants that consumers seem to love.
About RH
RH, together with its subsidiaries, operates as a retailer in the home furnishings market. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It provides its products through rh.com, rhbabyandchild.com, rhteen.com, rhmodern.com, and waterworks.com online channels, as well as operates RH Galleries, RH outlet stores, RH Guesthouse, and Waterworks showrooms in the United States, Canada, the United Kingdom, and Germany.
More- Current Price
- $414.78
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 11 Buy Ratings, 4 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $431.60 (4.1% Upside)
