2024-03-31 10:00:00 ET
Summary
- Shares in RH are holding its gains following a 17% surge after release of its Q4 and year end results.
- While revenues and earnings missed the market, CEO Gary Friedman offered an optimistic view for fiscal 2024.
- The prospects of a more accommodative interest rate environment is one catalyst for 2024.
- Ongoing initiatives surrounding product transformations and platform expansion are also expected to accelerate demand in the years ahead.
- At current valuations, however, I view RH stock as a “hold” for now.
Shares in home furnishings retailer, RH ( RH ), soared following the release of its quarterly and year end results earlier this week. The gains add to a strong start to 2024, with shares now up about 20% YTD....
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For further details see:
RH: Is It A Buy After The Stock's Post-Earnings Surge?