RH Stock Recent News

In the closing of the recent trading day, RH (RH) stood at $221.72, denoting a -1.75% move from the preceding trading day.

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Market Domination for Friday, August 29 covered some of the day's top business stories, including what happened in a hearing over President Trump's bid to oust Fed Governor Lisa Cook, what tariffs mean for furniture retailers, and a preview of what Wall Street will be watching next week. #youtube #news #business #stockmarket About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

A remarkable 40% decline year-to-date has made RH stock (NYSE: RH) one of the most affected names in the luxury retail sector this year. Previously valued as a premium growth stock at 25–30x forward earnings, RH now trades at about half that—approximately 15x projected profits.

In the closing of the recent trading day, RH (RH) stood at $221.19, denoting a -4.13% move from the preceding trading day.

CNBC's Jim Cramer told investors that he believes domestic furniture manufacturing is largely a thing of the past. "Some of these industries aren't probably going to come back," he said.

America's furniture sellers could soon face additional tariffs on imports. Last week, President Donald Trump announced on social media that the government was probing furniture imports to the U.S., an investigation set to wrap up within 50 days.

Shares in Wayfair, RH and Williams-Sonoma fell Monday. The White House clarifies that the furniture import probe has been ongoing since March.

Shares of RH (RH -4.86%) fell on Monday, declining as much as 10% before recovering to a 5% loss as of 1:07 p.m. ET.

The new tariffs will be implemented by October.