#4 - Restoration Hardware (NYSE:RH)
Whoever said luxury was dead didn’t bother to talk to Restoration Hardware (NYSE:RH). The high-end home furnishing supplier is enjoying a great year. And it’s not about eye-popping revenue growth. Rather, investors reward the company for delivering on the tried-and-true, but never boring metrics like higher margins and increased earnings per share.
In the company’s last quarter, its revenue came in with just a slight growth on a year-over-year (YOY) basis. However, its bottom line came in over 50% higher YOY. That’s the kind of number that gets investors’ attention. And they like what they’re seeing.
The pandemic has made many homeowners realize they may not love the space they live in. But those who choose to stay in their current home are taking at least some of the money they would have spent on a vacation and putting it into their homes.
RH stock is up over 75% for the year and nearly 20% in just the last month.
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.
Read More - Current Price
- $398.26
- Consensus Rating
- Hold
- Ratings Breakdown
- 9 Buy Ratings, 5 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $402.40 (1.0% Upside)
