2023-10-20 06:05:00 ET
Investors are avoiding many retailing stocks right now, and they're practically running from those businesses that cater to home furnishings shoppers. Companies like Wayfair , Target , and Home Depot have seen their share prices slump in recent months on fears about tougher selling conditions into 2024.
The sell-off in RH (NYSE: RH) , which focuses on luxury home furnishings, seems particularly overdone. Here are a few reasons to consider buying this stock after its decline in recent weeks.
The company reported just $800 million of revenue in the most recent quarter, translating into a painful 20% drop from last year's $1 billion haul. Yet investors shouldn't overreact to that slump.
For further details see:
1 Stumbling Growth Stock to Buy on the Dip