RH Stock Recent News

The housing market recovery should gain steam this year. The company has aggressively bought back stock over the last two years.

Amazon is upgrading its e-commerce platform and adding millions of new products to keep its wide lead over competitors. RH is poised for a recovery and will benefit from aggressive share buybacks.

There are several stocks making headlines despite financial markets experiencing subdued trading activity in the run-up to Easter. Certain stocks have become prominent in setting the daily narrative, with only a few significant macroeconomic announcements influencing sentiment.

Shares of RH — the home-furnishings chain formerly known as Restoration Hardware — rallied on Thursday and are on pace for their biggest percentage gain in roughly three-and-a-half years, after the company's earnings report forecast improving demand this year fueled by new outdoor- and indoor-furniture lines, new catalogs and advertising campaigns, and additional retail stores.

RH missed estimates in its fourth-quarter earnings report. However, the company expects a recovery in demand in 2024.

RH (RH) Q4 2023 Earnings Call Transcript

RH (RH) shares popped more than 8% after Wednesday's closing bell as investors focused on the home furnishing retailer's RH Sourcebook product range transformation rather than its quarterly top and bottom-line results that came in well below Wall Street's expectations.

Shares of RH rallied after hours on Wednesday, after the luxury furniture chain said it expected demand to pick up through this year, after contending with what it said was “the most challenging housing market in three decades.”

Current market vibes don't seem to be at all concerned about Friday morning's PCE report.

RH (RH) came out with quarterly earnings of $0.72 per share, missing the Zacks Consensus Estimate of $1.71 per share. This compares to earnings of $2.88 per share a year ago.